I hold, transfer and pay with crypto a lot. To save a lot of fees, have additional security and because it is simply comfortable and fast.
Smart contracts allow that i can swap any currency to any other withoit kyc or even registering. I can move USD from ETH to Tron and so on within seconds for a low fee.
Cashing out to IRL money is simpler and faster than even paypal or paysafe for example.
Even if the crypto market is unstable, the last years it generally went up while holding USD or EUR basically was a loss game valued against ex. CHF.
I personally cant imagine a world without blockchains anymore.
Transaction fees for sums above lets say $500 are way cheaper than most banking fees especially assuming different currencies. Even more when we compare to western union or even paypal
Let me give you a real world example. You buy something for $10. Then ethereums $5 fee sounds crazy compared to 3% or so for creditcard or paypal. However transfer $1000 and those 5$ suddenly sound a lot better than the 30$ the creditcard or paypal charges.
Ahh what i ment is using tether or usdb instead of usd. Which is instant and decentralized and widely accepted crypto bound to the usd value. It just saves you from up and downs, its still crypto
Well, so you are still trading with people believing in the value of these systems (which are <95% of businesses), which is a very specific distinction to cashing out money with which you can pay e.g. your taxes.
Smart contracts allow that i can swap any currency to any other withoit kyc or even registering. I can move USD from ETH to Tron and so on within seconds for a low fee.
Cashing out to IRL money is simpler and faster than even paypal or paysafe for example.
Even if the crypto market is unstable, the last years it generally went up while holding USD or EUR basically was a loss game valued against ex. CHF.
I personally cant imagine a world without blockchains anymore.