Re: How often do you use cryptocurrency in your everyday life ?
Im kinda on the fence about how to use my bitcoins. I dont wanna throw them around on dumb little purchases, but I can see why folks dig paying for stuff online with it. Its easy, private and cheaper than using my credit card half the time.
But even with me being wishy-washy now, I think bitcoin is gonna blow up bigger someday. More folks using it, new tech making it better, and people trusting decentralized money systems more - thats why it will scale up. But who knows though, Ive been wrong before
It depends a lot on the type of cryptocurrency you use. Some cryptos have very low transaction fees. But even if the fees are higher, paying with crypto can still be more affordable than regular cash payments, particularly for international transfers. For instance, if you were wiring money abroad through a traditional bank you'd likely get slammed with lofty fees and exchange rates. But with crypto, you can send money directly to another persons wallet at a fraction of that cost.
But even with me being wishy-washy now, I think bitcoin is gonna blow up bigger someday. More folks using it, new tech making it better, and people trusting decentralized money systems more - thats why it will scale up. But who knows though, Ive been wrong before
If I may ask, how do you mean using bitcoin for payments is cheaper comparing t fiats? Are you being given discounts when used bitcoin for payments or what? Because I am aware that bitcoin transactions even charges for transactions fee which most little users considers as lost when executed a transaction.
It depends a lot on the type of cryptocurrency you use. Some cryptos have very low transaction fees. But even if the fees are higher, paying with crypto can still be more affordable than regular cash payments, particularly for international transfers. For instance, if you were wiring money abroad through a traditional bank you'd likely get slammed with lofty fees and exchange rates. But with crypto, you can send money directly to another persons wallet at a fraction of that cost.