As long as fiat liquidity exists, the normal folk really have no reason to adopt it as money imo
Discussion
I think this totally depends on incentives. As digital payment alternative I think it has some way to go in a sense, that it can be cheaper than a traditional visa/mastercard POS. So from merchant point of view, it is a good alternative. What do you think?
in theory, custodial btc should cost the same to transact in as any fiat solution.
if nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m decided to let ppl choose to use/accept bitcoin via square tomorrow- would ppl use bitcoin as money?
I am not sure about the first statement.
Generally card payments are closed systems, therefore quite hard to get in. This prevents high competition in my opinion. Therefore they can set their prices high. This is harder to achieve on an open protocol.
I would use this to explain why there is quite limited number of known card payment companies.
For the question, another question: Do you think people generally understand bitcoin?
But definitely, the average user of digital payments (the customer), as they pay no fee for digital payments, has zero to null reason to move.