Do You Use Cryptocurrency In Daily Life?
Things are changing and the way you think about something 10 years ago, now you think in a difficult way. Have you thought about cryptocurrency 10 years ago the way you think about it now?
More people use crypto nowadays and it impacts a lot of people around the world. You can get involved in crypto and do different things. You can do trading, investments, play games, make content, create NFTs, trade NFTs and so on.
And yes, you can make money on crypto. Do you use crypto directly to make payments in real life? Most people convert crypto into fiat currency to make transactions and do whatever they want. If someone accepts crypto as payment, you can easily pay with crypto.
Only El Salvador and the Central African Republic (CAR) recognized Bitcoin as a legal tender. Some countries define crypto as an asset class and also impose tax. Recently Italy imposes a 26% tax on cryptocurrency capital gain where if the capital gain reaches 2,000 Euros in a tax period, you have to pay tax.
When there is a payment option, that makes it easy to make transactions in crypto. If the government makes it legal, we may see more use cases in crypto in daily life. But it will be difficult to use crypto in daily life to make payments for goods and services if the government takes its position against cryptocurrency.
Ukrainian pharmacies allow crypto payments option via Binance Pay. ANC Pharmacy, one of the biggest pharmacy chains in Ukraine made a partnership with the top centralized cryptocurrency exchange Binance and enables its customers to make payments online via Binance Pay. Now customers can place orders online and use cryptocurrency to make payments via Binance Pay.
We will see more services where people will be able to use crypto in daily life. I prefer services where you do not have to rely on any centralized platform and use your self-custody wallet to make payments. You hold the private key of your wallet, you are in complete control.
In spite of what happened in crypto last year and we are still in a bear market, crypto is moving forward. We will see more adoption of cryptocurrency. Once people realize what crypto offers and what can be done with crypto, nothing can stop them from getting involved in crypto.
So what do you think? Please feel free to leave your comments. Thank you for reading this post. That's it for now. I'll be back with another post.
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Reference: 1.
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Nice post, cripto is the future, sooner or later will get there.
Crypto is here to stay. Many people start believing this now.
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That's true
More of this needed to make people understand where the world is heading to. I feel relieved reading this knowing others reason like you; together the future will be more powerful.
It's inspiring to see how far crypto has come so far and in which direction it is heading to. I agree with you, we will see a better future.
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I don't really use crypto in my daily life for purchases. Maybe it's just because most places don't really accept crypto and I find it easier to just swipe my card. I do get back a small amount for using my credit card too.
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I convert crypto into fiat currency to use in daily life. Things will change with more adoption of cryptocurrency. Looking forward to it. :)
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