Paxful, one of the largest peer-to-peer cryptocurrency markets in the world, is celebrating the real reasons people use Bitcoin every day with a special $ 15,000 giveaway. The platform helps millions gain access to payments, e-commerce, wire transfers, wealth preservation, and philanthropy using Bitcoin.
What real people use Bitcoin for
Given Bitcoin’s incredible recent rally, it is no surprise that most of the news you hear about cryptocurrency is focused on the price gains. It is important to remember, however, that for many people it is so much more than just a speculative asset. Paxful is active all over the world, including markets with hundreds of millions of people without bank details, such as Africa and Asia, so it can see the real uses of Bitcoin.
To celebrate these real-world use cases and the fact that Bitcoin is a valuable tool for all people, Paxful is launching a special $ 15,000 giveaway that will allow 1,500 merchants to win up to $ 100 in BTC. To learn more about the terms of the offer and to participate in the #BitcoinForAll campaign, click here.
The first use case for Bitcoin is payments. In many parts of the world, even people “privileged” enough to have a bank account still struggle to control their own hard-earned money. This is because many banks, especially in Africa, impose daily spending restrictions on their customers – for example, they don’t allow them to spend more than $ 100 per day. Bitcoin allows users to overcome these limitations by buying gift cards on a P2P marketplace using BTC and using them to pay directly for the businesses they need. There are over 300 payment methods available on Paxful, including gift cards, debit cards, credit cards, bank transfers, and more.
On the complementary side of the market, Bitcoin also enables common people to start their own e-commerce business even if they don’t have bank accounts. Anyone in the world can accept Bitcoin directly and exchange it for local money on a P2P marketplace. So that retailers can set up e-commerce companies even more easily,Pay with PaxfulWith this feature, merchants can revolutionize the way people pay them – with more than 300 payment methods.
Join #BitcoinForAll $ 15,000 Giveaway
Transfers is another important use case for Bitcoin. Migrant workers sending home money are an important way for many to support their families and even for some entire economies to stay afloat. Unfortunately, the current international remittance system takes advantage of this vital necessity to get as much profit as possible from its trapped clientele. In some countries, people have to pay up to 20% transfer and exchange fees to send money home. This is done before taking into account the wasted waiting time in a wire transfer business or bank and the delays for the money to actually reach its destination. Bitcoin makes the entire transfer process a lot cheaper, easier and faster. And with a P2P platform like Paxful, everyday people can use their free wallet to send money to friends and family “using Bitcoin – to make a living helping workers with transfers.
The next step after sending money home is to make sure it is still worth so much when you need it. Because of this, many people use Bitcoin as a means for Preservation of prosperity. Much has been said lately about how the $ 3 trillion pressure will dent the USD and push the American people to Bitcoin, but for many in emerging markets this is already a reality as their local currencies are rapidly depreciating. Inflation and hyperinflation have ruined the economies of countries like Nigeria, Turkey, Zimbabwe, Argentina and Venezuela. Bitcoin as a global and decentralized currency is a hedge against local governments who poorly manage the nation’s finances, unforeseen crises and even conflict. And in times of historically low interest rates, it’s just not worth keeping your money in the bank and letting inflation wipe out its value.
The final, but not least, real use case for Bitcoin is philanthropy. The cryptocurrency has several benefits to improve the social well-being of the world, such as: B. the ability to send money to anyone you want to help anywhere in the world without the costly help of middlemen. And you might not hear about it in the mainstream media, but there are some really charitable people in the Bitcoin community. One of the best examples is that from Paxful #BuiltWithBitcoin Initiative. It has built schools and water wells, funded scholarships, and provided much-needed aid to those in need during a crisis. Check BuiltWithBitcoin.org for the latest developments with the initiative and donate.
Paxful would like to raise awareness and celebrate all of the major real-world use cases for Bitcoin above and launch a new campaign to accomplish this. The platform will award $ 15,000 to the first 1,500 people to sign up, verify their account, and trade the BitcoinForAll tag. To learn more about the terms of the offer and to join the $ 15,000 giveaway, click here.
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#BuiltWithBitcoin, Bitcoin, Crypto, Cryptocurrency, E-Commerce, Giveaway, Paxful, Payments, Philanthropy, Transfer, Asset Preservation
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