Buy, save and pay services with cryptocurrencies at least in some countries

in #hive-1679223 years ago

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We can save with cryptocurrencies, according to my experience, I think that if you anchor everything has its risks because cryptocurrencies are volatile but there are stable currencies such as Tether (USDT) or (BUSD) Usd coin in Binance among others, due to inflation certain countries have adopted these digital assets, I do not mean the governments, although only some, such as El Salvador, countries such as Venezuela, Brazil, Mexico, people are more familiar with the use of these digital assets, not only as a source of savings but also to make transactions to purchase goods and pay for services.
In my case I had the first experience buying with a cryptocurrency called Petro in Venezuela created by the government of this country, my first purchase was products from a store with this digital asset, I think that the use of crypto as form of payment is a way to evolve since I believe that crypto is the money of the future because not in all countries it is legal to use it to pay, buy goods, products or services in my country this asset has been created for this purpose.

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Well, going back to the case of saving, since my country has suffered one of the highest inflations in its history, I think that taking refuge with these digital assets they have helped me a little financially speaking, as well as many people who have done the same by investing in assets. like the Altcoin and leave your savings so that your money does not lose value due to the inflation that a country may have with its legal tender.
One of the currencies that gives me the most confidence in investing in Bitcoin, Ethereum, and Litecoin. It has a large supply market, it is in all the known exchanges and it has supply and demand, so it is difficult for them to lose value, on the contrary, they tend to increase their price and they are a good way to generate profits and prevent your money from devaluing, so saving on these assets could generate good profit margins in the short or long term, even if they are volatile, today, as altcoins build trust, people invest more liquidity in the asset increasing its value which has generated income for saving on some assets that I see have a stable price such as BTC, ETH and LTC.

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Also, when making transfers between wallets or sending money to another person, you can save a lot by using LTC since its transaction fees are lower than other currencies. You can save a lot using assets like this when it comes to saving on transaction fees.

Thanks for reading.