Viewing a response to: @madamewedu/fklmaev85
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| author | cryptoandcoffee |
|---|---|
| permlink | p3ztnev8x |
| category | musing-threads |
| json_metadata | "{"app":"Musing","appTags":["Cryptocurrencies"],"appCategory":"Cryptocurrencies","appTitle":"What are the uses of cryptocurrencies excluding earning income with it?","appBody":"<p>Cryptocurrencies were designed for paying for items without having to rely on a financial institution like a bank.</p>\n<p>If i want to buy something from another country I have to go into the bank and request foreign currency so I can make the purchase. We have strict Forex rules and are limited to how much we can purchase. On top of that there are fees that happen with every transaction resulting in about a 5% service fee.</p>\n<p>If I was to use a crpto currency to do the same deal using Steem as an example I could just transfer from anywhere in the world and pay for the item. There are no regulations and hidden fees and having to fill in thousands of forms. The only problem is the Governments want to tax you and control what you are doing. They have lost control of how you spend your money and the banks have lost a source of income. This is one of the reasons we have FUD these days. They are scared of what is going to happen and are powerless to stop it.</p>\n<p>Crypto could be used for almost any transaction replacing money and one could even be paid their salary in it if you chose to. You could take the bank right out of the picture if you just used crypto.</p>","appDepth":2,"appParentPermlink":"fklmaev85","appParentAuthor":"madamewedu","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}" |
| created | 2018-10-18 12:43:54 |
| last_update | 2018-10-18 12:43:54 |
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