Why paying with cryptocurrencies is the future: Advantages and myths

Can you imagine a world where you can Pay with cryptocurrencies your morning coffee, book a flight or even buy a car without going through the banks? That world, as futuristic as it may sound, is already here, thanks to cryptoassets. However, as with any technological innovation, cryptos are surrounded by enthusiasm, doubts and many myths.

But what makes them so special? Why are more and more people and companies incorporating them into their operations? If these questions keep you up at night, you've come to the right place. Read on to find out why! Cryptos are the future and to clarify some myths that surround them!

The fashion of paying with cryptocurrencies

Until recently, Pay with cryptocurrencies It was considered a curiosity reserved for “nerds” and financial speculators. However, today, terms like NFTBitcoin and Ethereum are familiar to many and are gaining a lot of ground as a means of payment.

You might be wondering, what is driving this trend? Basically, cryptocurrencies offer features that are impossible to match by conventional banking: fast transactions, greater security and absolute control over your moneyBut to fully understand their scope, we need to take a look at the benefits they bring with them.

Advantages of paying with cryptocurrencies

Although cryptoassets were initially considered speculative currencies, over time people realized their usefulness. The very nature of cryptos offers a series of advantages that completely change the situation. the way we use our moneyIf you still have doubts, we assure you that after seeing some of these advantages you will have a totally different opinion.

1. Security and transparency

The blockchain, the heart of cryptoassets, acts as a public digital record where all operations are recordedThis not only makes fraud more difficult, it also builds trust between the people involved, as they can check the status of the transaction whenever they want.

For example, when you make a payment with Bitcoin, that transaction is validated by a distributed network of computers, eliminating the possibility of tampering. Both buyers and sellers can breathe easy, knowing that the operation will not be manipulated by malicious third parties.

2. Borderless payments, whenever you want!

Buying money abroad or transferring money to another country is an expensive operation that usually takes several days to complete. However, thanks to cryptocurrencies, it is possible to make these payments with negligible commissions and in just a few minutes, 24 hours a day. By being done directly, transfers are almost instantaneous and save us a lot of money in transaction fees.

3. Total control over your money

An additional advantage of using digital currencies is that They give us absolute control over our moneyIf you think about it, in traditional banking, you don't have the money: the institutions control it and manage it as they please. On the other hand, when we own cryptocurrencies, they are stored in wallets, also called digital wallets, which we manage ourselves.

4. Global financial inclusion

Today, millions of people around the world cannot access banks, but they have a smartphone. Cryptocurrencies are therefore An accessible option to decentralized finance, making it easier for anyone to interact with the global economy without having a conventional account number.

Busting myths about cryptoassets

Despite their numerous benefits, cryptoassets still face hundreds of prejudices, mainly due to misinformation and lack of knowledge about them. This has led to the emergence of various myths about their use that, once you analyze them, you realize that they are totally unjustifiable. Some of the most common myths are:

• “They are too volatile.” While it is true that some assets fluctuate considerably, not all of them behave in the same way. Stablecoins, for example, emulate the price of fiat currencies such as the dollar, offering a more stable option that makes them ideal for payments.
• “They are used only for illegal activities”While any technological advancement can be misused, almost all crypto transactions are conducted within the law. Reputable companies and charities already accept them as a payment method. Moreover, since transactions are transparent and traceable, it is very easy to identify suspicious activity. This makes it even easier to combat fraud in some cases compared to cash.
• “It’s complicated to use them.” At first, understanding this technology can seem like a challenging task. However, there are now apps like Binance and Coinbase that greatly simplify its use, making it as intuitive as a debit card.

First steps to pay with crypto

If we've caught your attention and you're ready to start paying with cryptocurrencies, we can help you get started. Here are some practical tips for taking your first steps into the crypto world.

• Choose a digital wallet. A wallet It's like a virtual wallet where you'll store your assets. You can opt for online options or physical wallets for added security, although this option is somewhat complicated if you're just starting out in this world.
• Buy your first cryptos. Apps like Binance, Coinbase or Kraken allow you easily acquire hundreds of recognized cryptoassets, using conventional payment systems.
• Start small. Start by making modest transactions, such as buying a giftcard or pay for a service online, while you get used to the system.
• Prioritize safety. Learn how to protect your private keys and never share them, remember that you are solely responsible for protecting your assets.

Paying with cryptocurrencies is the future

Cryptocurrencies are definitely changing the way we handle our money. From reducing costs to offering alternatives to the unbanked, cryptos are building a more inclusive and efficient system. While there are still challenges to overcome, such as regulation and mass adoption, their role in the future of finance is undeniable. Don’t wait any longer! Switch to the decentralized side of finance and start paying with cryptocurrencies today.