Imagine living your life without depending on Banks ever again. Using only cryptocurrencies such as Bitcoin or Ethereum, you can make your own income stream and use the coins earned to buy stuff from merchants who accept them. Every day, cryptocurrencies have been going closer towards full mainstream adoption. However, there are still some things which prevent crypto from being used over traditional payment systems we've been accustomed to for a long time.
Nonetheless, what's it like to live only on crypto instead central-bank issued fiat money?
People are really into using cryptocurrency, for instance, bitcoin, because this is decentrakized, meaning the government doesn't have any control or say with it,, this decentralization is giving people the idea of living freely with regards to their finances if they started using cryptocurrency for their daily expenses but what they don't see is the downside of this being able to happen. The reason why cryptocurrency is still isn't usable for our daily trades is because up until now its still considered as asset not a currency, meaning taxes is still applied younhave to pay for it. For younto be able to use it for transacting you need to convert it first and for tgere would be another fee for that so you migh be possibly live paying taxes and fees. Next thing is, cryptocurrency is volatile, its better of younuse it for other matters that could make you hold onto it for a while.Nonetheless, what's it like to live only on crypto instead central-bank issued fiat money?