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>If so what’s the advantage of paying using bitcoin? People who ask this also ask that same question "what’s the advantage of owning bitcoin". One example tha
by TrapLord_Rhodo 3y ago
>If so what’s the advantage of paying using bitcoin?
People who ask this also ask that same question "what’s the advantage of owning bitcoin".
One example that i would like to give is that you can wrap bitcoin, and put it in a lending pool. I can then borrow up to 30-40% of the bitcoin at a very reasonable APR rate. (2-3%) Now this only works if you consider bitcoin an asset. This allows you to use this bitcoin as collateral for buying a car.
People can do the same thing with stocks, real estate, etc. But with bitcoin, i have no middle man and i do not have to be "approved" or take a "Credit hit" if i make to many inquiries.