Cryptocurrences are increasingly famous
Cryptocurrencies in recent years are increasingly being more popular and are increasingly acquaintance. The most famous of all will be? The BAT? Of course not, the most famous chryphotocurrency is Bitcoin.
BITCOIN IS A GOOD OPTION?
Bitcoin is a cryptocurrency based on a register called Blockchain, transactions with them are very safe and anonymous, but are slow and expensive.
(If you want to know the story of bitcoin I wrote an article about it https://www.publish0x.com/world-crypto-news/how-and-why-bitcoin-was-born-xwvkre )
Another big problem (or for those who trading an advantage) of bitcoins is its price volatility. In a few hours, for example, its price can rise to €11,000 and then decrease to $7,000 (as has already happened in the past).
In my country for example, (Italy) 2 years ago there was an initiative that allowed to buy some condo in Rome via bitcoins. But it went to an early end because of the long Italian bureaucracy and the volatile value of bitcoin.
Or Imagine being a builder or any worker who's gonna break his bones to earn money, and get paid with a coin that might be worth $10,000 today and tomorrow maybe $0.
Would you be okay with that? No, I don't think so, that s the best cryptocurrencies I've seen with which workers will be able to withdraw their salary in the future.
STABLECOINS !
The stablecosides are, in a few words, cryptocurrencies with a stable price that is not changing with time. Almost all the exchange agreements accept the purchase, sale and exchange of stablecoins quickly and safely. So, through the stablecoin, can you get paid for the job you've done? Yes, I think it is much safer that it is done by means of a bank or other central credit systems. The benefits are many, some of them are:
- Price that remains fixed by a decentralized system even if for the dollar it loses value.
- Anonymity guaranteed and maximum security, it is also possible to see all live - in - live transactions on the Blockchain
- For some stablecoins (usdc, for example), you can obtain interests to keep your cryptocurrency in wallet. (I wrote an article where I explain how to get interest on usdc https://www.publish0x.com/cryptoearning/how-make-grow-your-usd-coin-coinbase-xgvllj )
The most famous exchanges with which can be bought and trading stablecoin are:
- Coinbase https://www.coinbase.com/join/dibu_8?src=ios-link
- Binance https://www.binance.com/en/markets?ref=38033773
To conclude, the most famous and safe stablecoins are:
- MakerDao (DAI) (1$)
- USD COIN (USDC) (1$)
- Tether (USDT) (1$)
