#BuiltWithBitcoin, Bitcoin, Crypto, Cryptocurrency, e-commerce, giveaway, Paxful, Payments, Philanthropy, remittance, Wealth preservation

Paxful, one of the largest peer-to-peer cryptocurrency marketplaces in the world, is celebrating the real reasons people use bitcoin everyday with a special $15,000 giveaway. The platform helps millions to have access to payments, e-commerce, remittances, wealth preservation and philanthropy with bitcoin.

What Real People Use Bitcoin For

With bitcoin’s incredible recent rally it is no surprise that most of the news you hear about the cryptocurrency focus on the price gains. However, it is important to remember that for many people it is so much more than just a speculative asset. Paxful is active all over the world, including in markets with hundreds of millions of unbanked people such as in Africa and Asia, and it therefore can see the real uses people have for bitcoin.

In order to celebrate these real world uses cases and the fact that bitcoin is a valuable tool for all people, Paxful is launching a special $15,000 giveaway where 1,500 traders can win up to $100 in BTC. To learn more about the terms of the offer and join the #BitcoinForAll campaign click here.

The first use case for bitcoin is payments. In many parts of the world, even people that are ‘privileged’ enough to have a bank account still face difficulties controlling their own hard earned money. This is because many banks, particularly in Africa, impose daily spending limits on clients – not letting them spend more than $100 a day for example. Bitcoin empowers people to overcome these limitations by buying gift cards on a P2P marketplace with BTC and use that to pay directly for the stores they need. On Paxful there are over 300 payment methods available, including gift cards, debit cards, credit cards, bank wires and much more.

On the complementing side of the market, bitcoin also allows everyday people to start their own e-commerce businesses even if they don’t have bank accounts. Anyone in the world can accept bitcoin directly and change it on a P2P marketplace for local cash. Making it even easier for merchants to start e-commerce businesses, the ‘Pay with Paxful’ feature enables merchants to revolutionize the way people pay them – with more than 300 payment methods.

#BuiltWithBitcoin, Bitcoin, Crypto, Cryptocurrency, e-commerce, giveaway, Paxful, Payments, Philanthropy, remittance, Wealth preservation

Join #BitcoinForAll $15,000 Giveaway

Remittances is another major use case for bitcoin. Immigrant workers sending money back home is a vital way for many to be able to support their families and even for some whole economies to stay afloat. Unfortunately, the current international remittances system takes advantage of this vital need to extract as much profit as possible from their captive clientele. In some countries people have to pay up to 20% transfer and exchange fees just to send money home. This is before factoring in the time wasted waiting in line at some remittance shop or bank and the delays until the money actually reaches its destination. Bitcoin makes the whole remittance process much cheaper, easier and faster. And with a P2P platform like Paxful, everyday people can use their free wallet to send funds to friends and family†using bitcoin – making a living helping workers with remittances.

The next step after sending money home is to make sure it’s still worth as much when you need it. For this reason many people use bitcoin as means for wealth preservation. Much has been said recently about how the printing of $3 trillion will debase the USD and push the American people to bitcoin, but for many in emerging markets this is already a reality with their local currencies losing value fast. Inflation and hyperinflation have wrecked the economies of countries like Nigeria, Turkey, Zimbabwe, Argentina, and Venezuela. Bitcoin, as a global and decentralized currency, is a hedge against local governments mismanaging the nation’s finances, unforeseen crisis and even conflict. And in an age of historically low interest rates, keeping your money in the bank and letting inflation wipe out its value is just not worth it.

The last, but certainly not least, real world use case for bitcoin is philanthropy. The cryptocurrency has several advantages for making social good in the world such as being able to send money anywhere in the world, to whoever you want to help, and without the costly help of middlemen. And you might not hear about it in the mainstream media but the bitcoin community has some truly charitable people in it, with one of the best examples being Paxful’s #BuiltWithBitcoin initiative. It has built schools and water wells, funded scholarships, and provided much needed aid to those in need during a crisis. Check out BuiltWithBitcoin.org for all the latest developments with the initiative and make a donation.

#BuiltWithBitcoin, Bitcoin, Crypto, Cryptocurrency, e-commerce, giveaway, Paxful, Payments, Philanthropy, remittance, Wealth preservation

Paxful wishes to raise awareness and celebrate all the important above mentioned real world use cases for bitcoin, and launching a new campaign to achieve this. The platform will be giving away $15,000 to the first 1,500 people who sign up, verify their account and trade using the BitcoinForAll tag. To learn more about the terms of the offer and join the $15,000 giveaway click here.


Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Du lịch nhật bản, hướng dẫn du lịch Nhật và đánh giá địa điểm Nhật Bản Japan travel news, japan travel guides, japan holiday destinations and japan reviews

RELATED NEWS

Hong Kong to Connect Digital Yuan With Domestic Payments System in Cross-Border Trials

Financial authorities in Hong Kong have announced a second phase of trials for mainland China’s digital currency. As part of the upcoming tests, the city will link the Chinese digital yuan to its domestic payments system to evaluate the CBDC’s usability in cross-border scenarios. Hong Kong Residents to Load E-CNY Wallets via Mobile Phones China […]

Xem chi tiết: Hong Kong to Connect Digital Yuan With Domestic Payments System in Cross-Border Trials

Mystery Whale Returns by Moving $35 Million — Miner Transfers 1,000 ‘Sleeping Bitcoins’ from 2010

Two months after the mystery mining whale from 2010 transferred a string of 20 block rewards with 1,000 bitcoin on March 23, it seemed as though the entity was finished, after spending 10,000 bitcoin total. However, it took 78 days for the whale’s next move, as another 20 blocks from 2010 were transferred on Wednesday […]

Xem chi tiết: Mystery Whale Returns by Moving $35 Million — Miner Transfers 1,000 ‘Sleeping Bitcoins’ from 2010

Commodity Strategist Mike McGlone Says $40K BTC Target ‘More Likely’ Than $20K

Bloomberg Intelligence senior commodity strategist Mike McGlone believes bitcoin is “more likely†headed for $40K instead of $20K after discussing the possibility of capitulation in a recent tweet. McGlone’s opinion follows a number of predictions that say bitcoin could drop to the $20K zone if there’s more pullback in the cards. Bloomberg Commodity Strategist Suggests […]

Xem chi tiết: Commodity Strategist Mike McGlone Says $40K BTC Target ‘More Likely’ Than $20K

Crypto Payments App Bottlepay Is Now Available Across Europe

U.K.-based crypto payments provider Bottlepay has started offering services in other European countries. Users on the Old Continent will be able to send and receive even small amounts of euro and also buy, store and spend bitcoin with merchants accepting cryptocurrency. Bottlepay Promises Low-Cost Transactions in Euro and Bitcoin The Bottlepay app will allow Europeans […]

Xem chi tiết: Crypto Payments App Bottlepay Is Now Available Across Europe

Mike Novogratz: Bitcoin Investors Waiting for a New Narrative Shift

Mike Novogratz declared institutional investors are waiting for the next narrative shift in a recent interview at the Bitcoin 2021 conference in Miami. The CEO of Galaxy Digital thinks the market is now in a consolidation phase after the price crash last month. Novogratz also commented on what the rise of defi could mean for […]

Xem chi tiết: Mike Novogratz: Bitcoin Investors Waiting for a New Narrative Shift

NYAG Court Order to Shut Down Coinseed Succeeds, CEO Creates Profanity Token for Attorney General

The crypto trading platform Coinseed is shutting down operations according to a written statement from the company’s CEO Delgerdalai Davaasambuu. A court order secured by New York Attorney General Letitia James told Coinseed to halt all of its operations. Following the announcement of the shutdown, Coinseed’s CEO said he created an ERC20 token called “FLJ†[…]

Xem chi tiết: NYAG Court Order to Shut Down Coinseed Succeeds, CEO Creates Profanity Token for Attorney General

Grand Theft Auto 6 to Feature a Fictional Cryptocurrency

One of the biggest franchises in the videogame industry, Grand Theft Auto, will feature in-game payments of “bitcoin†or another fictional cryptocurrency. Contractors will pay the player with this currency when they need to make anonymous, untraceable payments. This would constitute another push for Bitcoin awareness into mainstream media culture. Grand Theft Auto 6 to […]

Xem chi tiết: Grand Theft Auto 6 to Feature a Fictional Cryptocurrency

Bitcoin Keys Cannot be Hacked: Skeptics Question the Official Colonial Pipeline Bitcoin Seizure Story

On June 7, the United States Justice Department and the Federal Bureau of Investigation (FBI) announced the “recovery†of 63.70 bitcoin from the funds Colonial Pipeline sent to the hackers. The official story has a number of inconsistencies and federal investigators did not disclose how the FBI was able to confiscate the Darkside gang’s private […]

Xem chi tiết: Bitcoin Keys Cannot be Hacked: Skeptics Question the Official Colonial Pipeline Bitcoin Seizure Story

Alternative 401(k) Product Offers In-Plan Cryptocurrency Investment via Coinbase Institutional

El Salvador Offers No Capital Gains Tax, Permanent Residence to Crypto Entrepreneurs

White House Tech Advisor Tim Wu Keeps at Least $1 Million in Bitcoin

White House Tech Advisor Tim Wu Keeps at Least $1 Million in Bitcoin

Alternative 401(k) Product Offers In-Plan Cryptocurrency Investment via Coinbase Institutional

Scammers Pick Bank Transfers Over Cryptocurrency, Australian Report Reveals

As Crypto Interest Winds Down Bitcoin’s Daily Transaction Rate Plummets to Two-Year Lows

FBI Agent Recovers Private Key to $2.3M in Bitcoin Paid to Colonial Pipeline Hackers

Other Articles