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October 07, 2025, 09:52:41 PM |
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Bitcoin is a digital currency with several use cases, and apart from using bitcoin as an investment asset, there are other crucial areas where bitcoin can be use and they are as follows:
Bitcoin is very fast and has low cost when it comes to making international transactions, making it very okay for payment and universal business.
Bitcoin is a store of value: many people are investing in bitcoin today, because they want to retain the value of their money, because keeping your money in fiat currency will do no good, but to devalue your money. Bitcoin also serve as a hedge against inflation.
Bitcoin, has a small transaction fees which is one of the reasons why it is used for making small transactions, and also for buying goods online.
Privacy: Some people who are using bitcoin for transaction wants to remain anonymous while making Their transactions with bitcoin, and this is as a result of the nature of bitcoin.
There are some platform, where bitcoin is being used for for collateral, when ever you want to lend or borrow cryptocurrency.
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