Why token conversion to fiat currency can be a problem to no full crypto users

Mar 3, 2022 | Crypto | 0 comments

Go full crypto

We can’t afford to lose time these days. Work, family, and other pressing matters are always behind our doors. Things such as payment options should stay simple — or simpler, for that matter.

Here’s something that you should reflect on: why would you convert your crypto into fiat currency, anyway? Why don’t you just leave it as it is and use it as your default?

Here are some reasons for it:

Go Full Crypto
Go Full Crypto

Can be confusing

New users could face some difficulties when it comes to converting crypto to fiat currency. The process itself is simple, but people that aren’t that used to new tech could feel a bit overwhelmed by it.

If you’re storing your money with crypto, there’s no need to worry about that.

1*67dr8UgGex uV2aMjqecDg
Go Full Crypto

Use crypto for everything

We’re now partners with ZCore, a digital platform that provides a crypto credit card for their users: that said, you can use your crypto to pay for anything you want — even if the businesses aren’t accepting crypto directly now.

In these cases, your coins will be automatically converted into fiat currency. You’re not required to make complex calculi; just give your card, type your password and that’s it.

1*kwySgd bgTAymsnTGKeUHw
Go Full Crypto

Profits in the long-term

Cryptocurrencies, by design, are likely to be deflationary: that means that they’ll probably be more valuable over time. When you convert it to fiat, you’re automatically denying that possibility of profit.

Of course, crypto is volatile and a lot of things could impact their value: but in general, decentralized assets are much more resilient than the ones controlled by central banks.

Conclusion

In most cases, converting your crypto into fiat isn’t worth it at all. In fact, your money and your data are safer inside blockchain than in centralized, regulated markets.

You could even use crypto credit cards to make purchases with your coins — and they can be accepted even by traditional businesses that don’t have the know-how on digital assets.

Try it — you won’t regret it!

Register now at CoinShopp and have a taste of what we’re talking about.

#Go Full Crypto

Pontes cross chain: O que são e qual a sua importância?

Pontes cross chain: O que são e qual a sua importância?

Uma das características mais interessantes das tecnologias blockchain é a sua capacidade de hospedar vários ecossistemas distintos dentro da mesma rede. Mas soluções cross chain podem tornar essa integração ainda mais profunda e interessante! Imagine o seguinte...

O que é e para que serve o FTX (Blockfolio)?

O que é e para que serve o FTX (Blockfolio)?

A marca Blockfolio não existe mais: a FTX, empresa do magnata Sam Bankman-Fried, adquiriu a companhia em agosto de 2020. O famoso aplicativo para gerenciamento de portfólios financeiros cresceu: hoje, é possível negociar Bitcoin dentro de sua plataforma! São mais de 6...

0 Comments

Submit a Comment

Your email address will not be published.