What can Bitcoin be used for today?


The world’s largest economies such as United States, Europe, Asia and Latin America, among other things, regions are at risk of a possible recession along with high levels of inflation that vary From 6% to 9% per month.

As a result of inflation, the economic capacity of consumers’ purchasing power decreases compared to the general increase in the price of various goods and services, and consumer income is directly affected.

industry Bitcoin Proving to be one of the fastest growing industries since the pandemic, at least 4.2 percent of the world’s population is estimated to have invested in Bitcoin with 320 million investors worldwide.

bitcoin-and-computer-graphic-card.jpg

Bitcoin was the first virtual currency born in 2008, its market capitalization $381,527,094,622and the main pillars of this new paradigm are decentralization, disintermediation and a high level of privacy in transactions.

Bitcoin provides a variety of new uses to the public, such as a new payment system, remittances, and an anti-inflationary unit.

Bitcoin as a new payment mechanism

The virtual currency offers a new payment system where people can send and receive Bitcoins in seconds.

By using the values ​​of decentralization and disintermediation of third parties in transactions, people will be able to work with Bitcoin without experiencing market changes or failures, such as price changes or deviations and market information asymmetry.

Bitcoin as remittance

Sending money from one country to another is the main means of livelihood for millions of people around the world.

Remittances usually consist of sending sums of money from one country to another, where the dollarization of the economy and mistrust of the local currency is usually a big problem.

READ
Bitcoin, ethereum and dogecoin price TODAY | in 2022 September 12

Bitcoin gives millions of people the opportunity to receive money in seconds with better security, transparency and privacy compared to expensive sending systems with high commissions.

Bitcoin as an anti-inflationary unit

Bitcoin creates a new anti-inflationary scheme as its issuance method based on a fixed maximum of 21 million. euros, users will be able to work with Bitcoin without being affected by the devaluation of money resulting from the issuance of traditional schemes.

In traditional fiat money scenarios, the monetary base tends to grow indefinitely, while issuance tends to transform into inflation.

With a maximum emission in the BTC monetary system, the monetary base does not increase indefinitely and therefore people will not suffer from the impact of devaluation.

Where to buy Bitcoin?

Users will be able to purchase Bitcoin on various virtual platforms such as the well-known DEX or CEX.

Paxful is one of the largest P2P platforms in the world, it was born in 2015. July.

The P2P platform offers 450 different ways to buy Bitcoin P2P or equivalent to more than 10 million users worldwide.

Crypto.com is one of the leading exchanges worldwide, the exchange was born in 2016.

Crypto.com gives users access to various virtual currencies and different NFTs.

Source: www.ambito.com

Previous The enemy hit Zaporozhye - an apartment building was damaged, there are victims - the Ukrainian truth
Next "Russia has not threatened anyone with nuclear weapons": what disinformation the enemy continues to spread