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Trusting more in crypto than in my local currency by antoniojoseha

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· @antoniojoseha · (edited)
$48.18
Trusting more in crypto than in my local currency
These days in my city many businesses are starting to accept payments through **USDT**, this is something people are just learning about, but they are doing the effort to make more easier to the client to spend their money.

One of the features that Binance have is the **p2p transactions** where we can buy crypto to other people through the app, with our local currency! that made too way easier to buy "dollars" and forget about devaluation. 

<div class="pull-left">

![Screenshot_20211203092727_Binance.jpg](https://i.imgur.com/xRJDpWb.jpg)

</div>

<div class="pull-right">

![Screenshot_20211128085545_Binance.jpg](https://i.imgur.com/27rtv2C.jpg)

</div>

Now that businesses are starting to accept those stable coins, I not even need to change my assets into my local currency, despite was something incredible, is much better to just pay everything exactly with USDT.

## Problems with centralized banks

I don't know how it is in other country or if sometimes happens the same things as here, but the two principal banks i **had** my money in was in **Bank of Venezuela and BOD**, recently both banks crash every single day, sometimes don't let you to send money or says that you exceed the maximum amount, which is **10$**.

The Bank of Venezuela once, was 5 days with the system down, without the possibility to take out our money or send it to another bank. 

<center>![Invest ! but in what.png](https://i.imgur.com/57xmFwq.png) </center>

For this kind of things that make us insecure to have our money devaluated in there, I'm glad that now the businesses are accepting USDT. The recent shopping's I made were extremely relaxing and without stress, even the payment is faster.

I don't know if in other Latin American countries, they have the same issues or even the same facilities to spend their crypto, but crypto at least has change a stressful thing that happened until these days.

***Tonio out***

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@antoniojoseha/trusting-more-in-crypto-than-in-my-local-currency)
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vote details (67)
@disgustoid88 ·
$0.08
Hello,
i have read about the situation Venezuela is in currenly.But,investing in USDT which is directly attached to USD which is prone to inflation is not a really good thing,in my honest opinion.Maybe investing in some other crypto that serves as an deinflationary currency.That is exactly what is happening in Turkey for the last year or two.
👍  
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vote details (1)
@antoniojoseha ·
Yeah i know what you mean, Im holdong in my portfolio ADA and THG , but for daily expenses is better to have USDT. Like now for example, the market dump a lot, i keep holding  my coins, but i still my money (that i dont want to invest) in usdt. 

I know the dollar in a near future will disappear, but for now is better to have that than Bolivares 😂
👍  
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@disgustoid88 ·
$0.08
that seems like a good tactic.i didnt read TOO MUCH about the situation but living in venezuela is basically impossible without someone from the US ur EU sending you money.the documentary i watched said something like you can buy one hamburger with your whole paychecky which sounds apsurd.I also hold ADA,but not a lot,about 250 coins or so,started buying just a few months ago.for me holding usdt is a bummer since it is dropping value to EUR,and my country will abopt EUR in the next year or two.crypto seems like a good investment for the long run,thinking about 10 years or so
👍  
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