While this is not possible on Bitcoin, you can use Ethereum to transfer other currencies. For example there is USDC which is pegged to the value of USD and can be transferred just like any other cryptocurrency. There are also countless other tokens for different purposes.
@nutomic
It is possible on Bitcoin (and forks) by making an additional layer using OP_RETURN. There are several examples of this, for example the Omni layer which runs on Bitcoin and Simple Ledger Protocol (SLP) which runs on Bitcoin Cash (Bitcoin Cash is technically similar to Bitcoin).
Tether USD ran initially on Bitcoin via the Omni layer.
While this is not possible on Bitcoin, you can use Ethereum to transfer other currencies. For example there is USDC which is pegged to the value of USD and can be transferred just like any other cryptocurrency. There are also countless other tokens for different purposes.
@nutomic
It is possible on Bitcoin (and forks) by making an additional layer using OP_RETURN. There are several examples of this, for example the Omni layer which runs on Bitcoin and Simple Ledger Protocol (SLP) which runs on Bitcoin Cash (Bitcoin Cash is technically similar to Bitcoin).
Tether USD ran initially on Bitcoin via the Omni layer.
Possible yes, but afaik the Bitcoin devs were always opposed to that and the ecosystem moved to Ethereum.
@nutomic
Indeed. It was rather political than technical limitations which limited its use.