Update #78: Writing Expedition ✍️, Have Fun while Writing! [Cryptocurrency Lesson]

in hive-139765 •  2 months ago 
Introduction

Good evening everyone, how's everything going? Today is Wednesday and the category for this contest today is Crypto/technology so I will be talking about the crypto aspect today, maybe I can talk about technology another day. Cryptocurrency is something that's trending these days, I got connected to the crypto world through steemit because this platform is a Blockchain platform and block chain is related to cryptocurrency.

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Have you heard about credit cards for crypto? There are such cards in the crypto world and I want to blow your mind this evening concerning it, stay tuned and I believe you will learn something new today because topics like this are rare in steemit especially in this community as participants of this contest hardly participate on Wednesdays.

Crypto credit cards

A crypto credit card is a known as a kind of credit card that enables users to spend cryptocurrencies like Bitcoin or Ethereum in the same way they spend traditional currencies.There are different companies that offer crypto credit cards such as block Fi, crypto.com and bit0ay.These cards mostly come with benefits like cash back rewards which is about airport lounge access and other perks.

It is important to note that crypto credit cards can come with interest rates and higher fees as well as potential security risks associated with storing cryptocurrency on the card. Basically the regulatory landscape that revolves within cryptocurrency is constantly evolving which may affect the functionality and availability of these cards. Therefore it is important to do thorough research and understand the risks and benefits before deciding to use a crypto credit card.

Benefits of these cards

Crypto credit cards has alot of benefits in crypto currency, check below to know about them, I believe you are already curious to know them.

Access: This is the first benefit we will talk about today, crypto credit cards can provide access to credit for people who may not qualify for traditional credit cards due to poor credit scores or limited credit history. Alot of things has been happening in the crypto world and the negative aspects or stress, should be reduced at all cost so this card came to serve as a remedy.

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Security: This is a very good benefit that keeps people at ease. We all know that crypto credit cards are under blockchain technology so this has enable them to always offer better security and privacy features. For example your transactions cannot be hacked and they are also encrypted.

Flexibility: Another wonderful benefit, you should know that with a crypto credit card you can easily convert your cryptocurrency holdings into traditional currency and vice versa.This means you can take advantage of market fluctuations and potentially make a profit.

Convenience: The crypto credit cards provide an easy way to use your cryptocurrency for everyday purchases. We would able to use these cards to any buyer who knows about and using credit cards.

Reward: This is the last benefit I have for you guys. Do you know that many crypto credit cards offer rewards for using their cards such as cashback discounts or loyalty points.These rewards can be in the form of cryptocurrency or traditional currency.

Conclusion

I have explained what crypto credit cards are and am convinced alot of us now know about them and also the benefits of making use of them. I will try my best to bring in something new next week Wednesday. Stay tuned for it and I wish you all a wonderful day. I invite @goodybest, @deepak94, @stef1 and @infovore to participate in this contest.

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Wow, I never knew there was such a thing as crypto cards, thanks for this valuable information my friend. Thanks to your post I now know the meaning and importance of crypto cards and it's used, thanks for sharing your knowledge with us and success to you

Greetings bro, am excited to see your comment. Yes we are all in the platform to teach what we know and learn what we also love to learn. Just keep on exploring the platform everyday, you will learn alot of things. Have a wonderful day.

TEAM 4

Congratulations! Your post has been upvoted through steemcurator06. Good post here should be..


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Curated by : @jyoti-thelight

Thank you ma