Why use Monero?
You can learn more on the new website[1].
As I am sure you know, you can't just buy XMR with fiat.
So to do business in XMR, you (and your customers) must first buy BTC or ETH and then buy XMR --- all done at the "ask" price with transaction fees and potential rate manipulation baked in.
You have to redeem your XMR at the "bid" price which is always lower than the ask price. Depending on "when" you do this, the off the cuff real world round trip costs can be 5-6% on an uneventful day.
You can just eat this or you can try to recover it by doing what everyone else does and pad your real time XMR conversion pricing to compensate and hope your customers are motivated to ignore it.
Or you can simply avoid the added complexity of market driven rates and do business in fiat which has zero round trip cost.
Which makes it odd you would ask why use Monero?
Do you not care about privacy? Or low fee transactions? Or owning your money?
>As I am sure you know, you can't just buy XMR with fiat.
That isn't true. You can at least buy it on a CEX in a large part of the world.
https://support.kraken.com/articles/where-is-kraken-licensed...
Isn't the whole point of Crypto to avoid the banking system? You can buy XMR in any jurisdiction P2P on https://retoswap.app
Why even convert back to fiat at all? There are 1000s of businesses you can spend it at or non-profits to donate to.
Say you want to do it your way, swa p from a "nice crypto" to XMR.
1. Buy LTC on Kraken with fiat deposited from your bank account for a 1% fee.
2. Swap it to XMR on Trocador for a 0.4% fee (I just checked).
3. You now have 1 XMR × 0.99 × 0.996=0.98604.
So you lost 1.396% to swap from a currency that loses value every year at the whims of whatever government, to a private, secure, and untraceable currency. Seems worth it to me.
Now, convert to fiat (why would you do this in the first place, just spend it). Also, the person receiving goods in Monero wouldn't have had to pay that initial fee.
1. Convert your 1 XMR TO LTC on Trocador. You pay 0.25% (I just checked)
2. Deposit that LTC onto your CEX and pay 0%
3. Convert to fiat and pay 1% (Kraken)
1 XMR×0.9975LTC-->XMR×0.99LTC-->FIAT=0.987525 XMR value
>Or you can simply avoid the added complexity of market driven rates and do business in fiat which has zero round trip cost.
Except for the extortion and violations of privacy that comes with fiat online.
Oh, and the fees are terrible and you don't even get to own your money, you ask someone else's permission just to use it.
GrapheneOS
https://xcancel.com/GrapheneOS/status/1685361946890055680
Canadian truckers