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The more transactions there are in Bitcoinia, the more entrepreneurs will want to hedge their exposure to foreign exchange volatility by paying suppliers or employees in the same currency they're accepting as payment.
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Imagine you could write cheques that were accepted as payment but never cashed.
Doctors are surveyed by region to see what they will accept as payment for procedures.
"Only notes are accepted as payment and all the change that is given to the customers is in euros," said Ms Moënne-Loccoz.
There's nothing more embarrassing than being told by a cashier that your photo of a twenty-dollar bill admiring Nubian art cannot be accepted as payment.
They're accepted as payment in situations in which network operator rules mandate their use, but nobody else really wants them.
On this account, governments impose taxes payable only in money, creating a demand for money that means it will be widely accepted as payment for goods.
* * * In many ways, bitcoins function essentially like any other currency, and are accepted as payment by a growing number of merchants, both online and in the real world.
More than 80% of the adult population in Kenya use the mobile money transfer service M-Pesa, which is widely accepted as payment throughout the country.
Almost all patients who contact a new physician ask if their insurance is accepted as payment and, if not, look elsewhere.
In many ways, bitcoins function essentially like any other currency, and are accepted as payment by a growing number of merchants, both online and in the real world.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com