The cryptocurrency sector faced one of its most significant security breaches this year as stablecoin banking platform @0xinfini fell victim to a sophisticated cyberattack.
I pay almost weekly using either Bitcoin’s Lightning Network or Monero. I mainly buy food, snacks, hardware and online services.
I never used an online casino such as Binance or Kraken, therefore I don’t use them as crypto-bank nor do I do trading (never did), I often buy on centralized exchange but it goes straight to my wallet. As of today I never sold to cashout.
Take Nigeria, India, Peru or Vietnam as exemple, many people there don’t have bank accounts, however they have a smartphone connected to the internet. Those country have a high percent of people using crypto. Why ?
Because thanks to that technology they are able to be there own bank simply by downloading an app. Some are not their own bank but have a banking experience. Most of them got the opportunity to own american dollar that way thanks to USDT and USDC stablecoin. It’s closer to what they know the USD in cash. However there is many people realizing that Bitcoin volatility isn’t bad because their local currency have worse volatility going down over the past 15 years where Bitcoin is going the opposite direction.
I pay almost weekly using either Bitcoin’s Lightning Network or Monero. I mainly buy food, snacks, hardware and online services. I never used an online casino such as Binance or Kraken, therefore I don’t use them as crypto-bank nor do I do trading (never did), I often buy on centralized exchange but it goes straight to my wallet. As of today I never sold to cashout.
Take Nigeria, India, Peru or Vietnam as exemple, many people there don’t have bank accounts, however they have a smartphone connected to the internet. Those country have a high percent of people using crypto. Why ? Because thanks to that technology they are able to be there own bank simply by downloading an app. Some are not their own bank but have a banking experience. Most of them got the opportunity to own american dollar that way thanks to USDT and USDC stablecoin. It’s closer to what they know the USD in cash. However there is many people realizing that Bitcoin volatility isn’t bad because their local currency have worse volatility going down over the past 15 years where Bitcoin is going the opposite direction.