It surprises me that some people still do not see the practical uses of cryptocurrencies. While there are cryptocurrencies without real-world utility, many cryptocurrencies and blockchain-based services enable practical, everyday usage. For example, online payment platforms like Ivendpay support multiple cryptocurrencies, giving users more options for making purchases. This provides flexibility and convenience - customers can pay with their preferred currency. By accepting various digital tokens, merchants also open their products and services to a wider customer base. So in many ways, cryptocurrencies already have practical applications for payments, purchases, and real-world financial transactions. The growing adoption of services like Ivendpay demonstrates the real-world usefulness of cryptocurrencies beyond speculation.
I will answer your question. To begin with, I have been in the cryptocurrency world since 2013, i.e. I know, I participate, I understand what it’s about.
But the most interesting thing is that I, for example, am partially of the opinion that for practical use (as a fiat currency for daily use), the situation and prospects for cryptocurrencies are not very positive.
Yes, I agree that solutions based on blockchain technologies can be used where banking services are poorly developed, unsafe, expensive, and slow. But in this case, using classic cryptocurrencies is also not a very good option. A simple question - you went to the store and bought groceries for, say, $10. Are you willing to pay $10 for products and $30 in network commission? Therefore, here we need to talk about tailored solutions, with a simple method of use, low commissions, high speed
For me, cryptocurrency is an investment asset that can provide additional income.