Cryptocurrency Utilization Is Unlimited

in crypto •  15 days ago 

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It costs somebody $2 to send $1.3 billion from one side of the world to the other side of the world and it happened in minutes.

There's a concept called competitive advantage theory which basically explains how businesses outperform competitors by developing unique resources, capabilities, or strategies that are difficult for others to replicate.

When you could send $1.3 billion across the world for $2, who can beat that?

Tell me a bank that could do that. If I were to do the same exact thing right now with traditional banking methods, it would cost me anywhere from 6.5 million to $39 million to do the same exact transaction and it would take anywhere from one to five business days to actually complete this transaction.

See, what people don't understand is that cryptocurrency is just significantly better than any other traditional money transfer system. It's not that these coins just go up in value and they're pumping dumps and all these things.

Cryptocurrency actually has legitimate utility that no other banking system has.

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