One of the reasons that many people are put off dealing in cryptocurrency is the fact that they can’t see or touch it. Not that we can be blamed – if it took time to muster up the trust to save money in a bank account rather than under the mattress, it may take longer to feel comfortable paying for something with virtual currency. That said, once you understand how cryptocurrency works, it makes sense.
That’s one of the main reasons crypto is gaining in popularity. There’s also the fact that you can use it to pay for pretty much anything you would usually buy with fiat money, and it’s affordable and fast. For example, if you wish to make a payment for something in Africa, the person you’re paying would receive their money almost instantly, and it would cost you far less than a traditional bank payment.
Once someone can demonstrate what the underlying asset is, I may consider buying. Investment 101.
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