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Author Topic: What bitcoin can do  (Read 215 times)
bounceback
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February 28, 2023, 03:11:39 AM
 #21

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Not until a day ago when I had to buy a piece of art,longed admired by my mum to surprise her and I could not pay,Network was an issue and cash was not on hand,and I felt I should just ask the seller if we can transac with bitcoin,he said yes he can..I was surprised based on the location and also excited.i was able to buy that piece..i was so  relieved at the same time I felt an unbelievable joy that am part of something that has global value.,bitcoin has added value to the world.
In this modern era, there are many things that bitcoin can do, one of which is as you said, when we cannot make payments using fiat currency, we can still make these payments using bitcoin, especially now that bitcoin has been widely adopted by merchants and made bitcoin as an alternative payment method.
The presence of bitcoin so far has provided many benefits to society and has made it easier for people when they want to transact because it has proven to be effective and efficient wherever they are.

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February 28, 2023, 06:48:50 AM
 #22

In this modern era, there are many things that bitcoin can do, one of which is as you said, when we cannot make payments using fiat currency, we can still make these payments using bitcoin, especially now that bitcoin has been widely adopted by merchants and made bitcoin as an alternative payment method.
Of course bitcoin is an alternative that you can use to pay someone across countries or with other merchants in the same country. It's just that bitcoin regulation in every country hasn't been favourable enough, meaning you won't always get permission to pay someone in bitcoin in a country where bitcoin isn't legal as currency.

Bitcoin is the best alternative with no amount limit when you want to send it in the maximum amount, and also you don't have to wait for 3 working days as banks usually do when you transfer it to different countries. The most important thing is, owning bitcoin, not just telling actual use cases.

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February 28, 2023, 12:19:47 PM
 #23

Of course bitcoin is an alternative that you can use to pay someone across countries or with other merchants in the same country. It's just that bitcoin regulation in every country hasn't been favourable enough, meaning you won't always get permission to pay someone in bitcoin in a country where bitcoin isn't legal as currency.

Bitcoin is the best alternative with no amount limit when you want to send it in the maximum amount, and also you don't have to wait for 3 working days as banks usually do when you transfer it to different countries. The most important thing is, owning bitcoin, not just telling actual use cases.

That's what makes many people use Bitcoin or crypto in moving their money. No taxes, no late, better security. In addition, Bitcoin became a crypto that made the creation of many coins and tokens. Nowadays many countries are starting to feel the need to make digital money and they have created CBDCs.

As long as it is specific to me, bitcoin has helped me earn extra money. I can supplement my savings in the form of BTC which I hope will increase in value in the future. My country has also started taking crypto taxes, they have also cooperated with local exchanges. So Bitcoin and crypto have also given money in for my country.

R


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