I don't know if this thread has been created before, but I would like to know your opinion on Cryptocurrency versus Fiat.
If you could tell me why too. What are the benefit of each?
If you could tell me why too. What are the benefit of each?
Each of them fiat and crypto has its own place in our lifes, sometimes it is better to make payments on bitcoin rather on fiat because of the time that takes but also the fees which are much lower on bitcoin.
If you need to pay in fiat through credit card then it is a good way to use paypal to cover the card details and more secure.
In most of the cases, especially here in my country, in terms of fast transactions, bitcoin and fiat transfers/payments almost have no difference. I have a bank account that has an online banking which transfer is really instant, the same way I experienced in using bitcoin.
And Im sure it's present now in most of the countries as my country considered as still in third world country but it already has a services like that.
Maybe the transaction speed is the same or faster than bitcoin but are the fees the same or at least similar? I doubt!
Sometimes fiat is better and faster and zero fees but sometimes making international transfers it takes lots of fees and time.
For my everyday Shopping I have to use Fiat as the Supermarket wont accept Bitcoins yet. For my savings I use Bitcoins.
I use fiat too for my everyday use because nobody accepts bitcoin neither heard about bitcoin anywhere but for savings it is good because If i need to I know how to spend them through bitcoin debit cards or selling in person these bitcoin.
Both fiat and bitcoin are good but are used on different places and can't never be equal.