“The power that knowledge possesses is hidden in its application” -Topsy Gift
We have discussed Cryptocurrency, gone over BTC and ETH and where things have gone and are going in regards to the expansion of the crypto market; countless coins, blockchain applications, smart contracts, etc., the possibilities are seemingly endless with what this innovation has brought about. We will continue to dive into the variety of cryptos and the applications/ roles within certain assets, however, today we will discuss the real world application of the coins we can trade today. Can I spend my crypto like actual money? How/ where/ can I use this?
Crypto exchange can take on a few different forms. These tokens or coins are digital currencies that are open to 24/7 trading. You can store your assets in digital wallets and trading platforms, or even on a thumb drive! One can also use it to (like money) earn interest on accounts (yield farming) within certain coins/ platform opportunities. You can trade/ exchange them for other coins or your desired currency at efficient and real time speeds and values with sophisticated blockchains. There are even options for people to get bank cards from trading platforms to make it possible to make purchases or withdraw cash from ATMs with your chosen crypto. So, in simple, yes. Yes you can spend crypto like money, you can trade crypto like money, and you can store crypto like money.
As the world is shifting more and more towards a more efficient, reasonable and interwoven economic environment, we can already start to see changes in the realm of crypto uses: businesses are starting to make ways to transfer cryptocurrency (usually BTC) and accept it as a form of payment. There are already a variety of bank cards that one can get for their digital assets. The platforms on which to store and trade are becoming increasingly user friendly, secure as well as diverse. When the world starts turning it’s focus to something and starts to see the potential which lies within, we can see great growth and change occur for the better; With crypto and blockchain, we’re seeing that shift happen right before our eyes. Crypto is applicable. It’s real, and it’s here to stay.
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