...snip
We need instant CC and debit ways to purchase as well as paypal to get unlinked completely and that means we need a very large financial institution that can handle the load and get the insurance for that volume.
We do - and I am gagging for this to happen. I have been looking at prepaid CCs which you can load up directly with XMR - and to a certain extent they do exist (Uquid etc.) However, anymore than around $2500 (or GBP) in the lifetime use of the card and you need KYC / AML verification, as well as a conversation with your accountant that will mean a proper and difficult audit of your profit and loss after many years in crypto.
I don't really want to convert XMR to BTC and then exit exchanges in USD which needs to be then converted to GBP (for me) to finally end up in my bank account for all who wish to ask me about the BTC I have cashed in.
I would love to be able to buy directly in XMR, which would be great for developing an XMR real-world economy, but this seems an age away.
Monero is the ultimate private money, but right now it is hard to keep it that way when you actually want to spend it.
