Why token conversion to fiat currency can be a problem to crypto users
Go full crypto
We can’t afford to lose time these days. Work, family, and other pressing matters are always behind our doors. Things such as payment options should stay simple — or simpler, for that matter.
Here’s something that you should reflect on: why would you convert your crypto into fiat currency, anyway? Why don’t you just leave it as it is and use it as your default?
Here are some reasons for it:
Can be confusing
New users could face some difficulties when it comes to converting crypto to fiat currency. The process itself is simple, but people that aren’t that used to new tech could feel a bit overwhelmed by it.
If you’re storing your money with crypto, there’s no need to worry about that.
Use crypto for everything
We’re now partners with ZCore, a digital platform that provides a crypto credit card for their users: that said, you can use your crypto to pay for anything you want — even if the businesses aren’t accepting crypto directly now.
In these cases, your coins will be automatically converted into fiat currency. You’re not required to make complex calculi; just give your card, type your password and that’s it.
Profits in the long-term
Cryptocurrencies, by design, are likely to be deflationary: that means that they’ll probably be more valuable over time. When you convert it to fiat, you’re automatically denying that possibility of profit.
Of course, crypto is volatile and a lot of things could impact their value: but in general, decentralized assets are much more resilient than the ones controlled by central banks.
Conclusion
In most cases, converting your crypto into fiat isn’t worth it at all. In fact, your money and your data are safer inside blockchain than in centralized, regulated markets.
You could even use crypto credit cards to make purchases with your coins — and they can be accepted even by traditional businesses that don’t have the know-how on digital assets.
Try it — you won’t regret it!
Register now at CoinShopp and have a taste of what we’re talking about.
