At the TokenMarket Summit 2018, our CEO Wojtek Kaszycki sat down with Brent Almeida of WaveCrest to discuss the question,

“Why is it so hard to spend crypto in the real world?”

As a majority of you know, mainstream economists do not think too highly of cryptocurrencies, making the adoption of crypto as a universal form payment quite problematic. There is a large amount of available value in crypto to be spent, but many users are still experiencing trouble accessing that value. For something that was originally referred to as “peer to peer” electronic cash — why is it so difficult to spend in everyday life?

According to Wojtek there are two main reasons:

The adoption of cryptocurrency into daily life — when individuals decide to purchase a coffee, they think of that purchase in terms of fiat currency — for example, US dollars or British pounds — not in digital currency. The novelty of cryptocurrency to the economy and financial institutions. We have the central bank, the SEC and other institutions that try to govern our daily life, and crypto for them is a total disruption.

When people think crypto, they think investment. If they thought differently, they would convert crypto to fiat before going on vacation and what not. We need to give people freedom.

Meanwhile, Brent voices that if crypto was being used the way it is meant to be used — then it should be the easiest form of payment. It should be easy to spend crypto in the real world as it’s permission-less, and censorship resistant. He follows this with the thought provoking question of, why aren’t merchants more accepting of cryptocurrency?

Watch the Fireside Chat for Wojtek’s response + to learn more on this topic, and the regulatory hurdles that Mobilum is working to overcome.

Visit our official site — www.Mobilum.com — to learn more about the Mobilum platform, the Mobilum Wallet, and the solution Mobilum expects to provide for crypto holders, including merchants and buyers.

Mobilum minimizes risk of accepting crypto, while maximizing other effects like immediate execution and zero transaction time.

We are holding our Token Generation Event later this year, more details are to be released via our community and website in the near future. To keep up to date on all these developments join our Telegram channel: t.me/mobilumcom