Well, it’s better than anywhere else I have been and I have been to many countries. In general it’s still slow. But I feel people understand it better and faster as banking fees are high and banks aren’t trusted.

Yes, that happens to be true for PicknPay and petrol, but not for the coffeehouse owners. They accept BTC directly. It’s hard to onboard the big companies directly to Bitcoin, but this way it’s at least a start and people who earn or remit bitcoin can spend it without converting it to fiat first.

Thank you! I’ve answered a similar question here:

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If you earn bitcoin and don’t use fiat anymore you don’t want to exchange it but rather spend directly.

It is both. While people who can afford to save and (still) trust banks and institutions see it more as an asset, those who need it bc they are being excluded from banking (bc they are too poor or have no papers) or those who are being targeted with financial oppression use it as a medium of exchange. They have no other means to send and receive money.

They are a service provider and deliver on the possibility to spend BTC with merchants who otherwise don’t accept it. They don’t need to be censorship resistant. If you use Bitcoin only, you can spare the hassle to exchange BTC to fiat first. So many ppl are talking about the „Bitcoin standard“ and hyperbitcoinization… well if everyone is just hoarding (and most on exchanges!) that won’t happen.