I only bought my crypto with credit because I wanted the reward points.
I paid my bill off the same day my purchase cleared.
Why can't we just use the existing credit reporting system to manage risk here? Those 22% of investors that were unable to pay off their debt can just suffer a blow to their credit score for irresponsible spending.
Spending credit on crypto isn't a sign of risky behavior - spending more than you can pay off and failing to pay off what is owed is.
I paid my bill off the same day my purchase cleared.
Why can't we just use the existing credit reporting system to manage risk here? Those 22% of investors that were unable to pay off their debt can just suffer a blow to their credit score for irresponsible spending.
Spending credit on crypto isn't a sign of risky behavior - spending more than you can pay off and failing to pay off what is owed is.