What are other functions of cryptocurrencies?

[nana kwasi]

I only know payment and trading as the function of crypto. The reason why it's all accepted is because its currency that cannot be tracked. If you have your money in your bank, a lot of eyes are actually watching you. But with crypto, there's privacy for you.

 

[Rolly_blen]

Aside from using them as payment and general trade, what other functions does crypto hold in the real world?

I have heard of them offering more anonymity and privacy but everything else seems to state the opposite since they can easily be tracked.

It is best not to lose sight of the fact that cryptocurrencies are an excellent tool for reducing and suppressing the inflation rates, and that is why using these coins are crucial economically.

 

[Joseph555]

The reason why it's all accepted is because its currency that cannot be tracked. If you have your money in your bank, a lot of eyes are actually watching you. But with crypto, there's privacy for you.

 

[frederick_9]

The Bitcoin is a fantastic tool that might be used to fight inflation that is wreaking havoc on any nation's economy.
This is due to the fact that it will be a very effective tool in the fight against inflation and has a limited supply.

 

[Mighty]

Well honestly speaking I only know payment and trading as the function of crypto. The reason why it's all accepted is because its currency that cannot be tracked. If you have your money in your bank, a lot of eyes are actually watching you. But with crypto, there's privacy for you.

 

[Syldan]

Actually investment in cryptocurrency has so many role that helps build our financial status. it can be used as a store of value for a very long period of time and also a form of investment for the future coming.

 

[tyrim88]

Aside from using them as payment and general trade, what other functions does crypto hold in the real world?

I have heard of them offering more anonymity and privacy but everything else seems to state the opposite since they can easily be tracked.

There are lots of things that you can use the crypto platform to do,apart from e-transactions and trans border payment,you can use it to store data for population purpose,medical records and even elections results.

 

[Mohammed Rashid]

Apart from payment and general trade, I'm not sure if crypto currencies have any other functions. I'm curious what else crypto currencies could be used for.

 

[Sotherefore]

There are numerous users of cryptocurrency. Cryptocurrency is a decentralized technology being used by many to send and receive payment. It also generated employment to some people through cryptocurrency trading.

 

[Smiles20]

Cryptocurrencies are not just there but then you need to understand that every single one that was created actually has a particular reason and a particular problem that it solves.

 

[James]

Cryptocurrencies let you buy goods and services, use apps and games or trade them for profit. Cryptocurrency removes central banks from managing the money supply since over time these banks tend to reduce the value of money via inflation.

 

[Sincerem]

Cryptocurrency are being used in numerous ways. For exchange for goods and services and for carrying out transactions across different international borders within a faster period of time.

 

[GoldenLady]

Cryptocurrency has many uses. It serves as an investment and a way to earn a living for some people. Some people use it as a means of payment, especially when they desire anonymity.

 

[Genie01]

I trade cryptocurrencies and other forex pairs for a living. There are alot that became filthy rich by investing into it.
Cryptocurrencies are basically used for transactions online.

 

[Ronny_4son]

Aside from using them as payment and general trade, what other functions does crypto hold in the real world?

I have heard of them offering more anonymity and privacy but everything else seems to state the opposite since they can easily be tracked.

Cryptocurrency is a convenient payment method for many enterprises, and also can be an online business which could render you much more financially buoyant.

 

[Skysaint]

One of the functions of cryptocurrency is that it is used as a payment method for most earning sites and can be used to make transactions internationally without much transaction fee attached. It basically makes business transaction simple and easy.

 

[Good-Person]

Well, the crypto currency was made an alternative to the traditional fist current and which isn't backed by any government or financial institution. The crypto currency is independent that is it doesn't need gold in a vault to be valuable as the fiat currency is. The Bitcoin gives a more digitalized method of exchange and trades.

i think the main function of cryptocurrencies is to send payments and receive money. Cryptocurrencies are a great investment tool and asset as well. The governments are trying to create their own coins as well.

 

[Riberet19]

One of the functions of cryptocurrency is that it is used as a payment method for most earning sites and can be used to make transactions internationally without much transaction fee attached. It basically makes business transaction simple and easy.

Yes, in addition, it allows payments between individuals to be really easy and that there are no third parties involved from behind to carry out the transaction.

 

[Abigael]

Cryptocurrencies have provided me with the best payment option online. Apart from that, they promise a very good investment option that one can tap into. I hope to learn about this investment so that I can invest money in it one day.

 

[GoldenLady]

Most cryptocurrencies these days serve as a from of shares for projects that use the Blockchain as a way to develop. Some people simply see them as a way to make money tok based on their volatility.