The Satoshi Tango and Buenbit exchanges presented their new crypto cards and joined the long list of companies in this ecosystem (Belo, Lemon, Decrypto, Binance, etc.) that have this type of product to attract a greater number of users and “reward” those who use their Bitcoin (BTC).
It is that these plastics have a very interesting differential with respect to the traditional ones: they provide cashback for each purchase made with this payment methodand the percentage of this reward can range from 2% to 20%according to each company.
Thus, those who use them, whether in their physical or virtual version loaded on platforms such as Market Paymentthey can access attractive refunds for the payments of their purchases or for paying for services such as Netflix or Spotifyand have these expenses debited from their crypto holdings.
This feature allows cryptocurrencies to stop being seen only as a form of value protection (especially in countries such as weak currencies such as Argentina) and to gain ground in the “day to day” of its millions of users, who begin to use them. to pay for goods or services.
in dialogue with iProfessionalthe expert in cryptocurrencies and Metaverse Mauro Liberman explains that, in Argentina, in recent years, there has been a use case for digital currencies inherent to the social and economic context, mainly associated with the hoarding or safeguarding of capital. “Hence the furore with the crypto dollar,” she says.
But the specialist highlights that hand in hand with the development of new financial services that generated the consolidation of the companies that make up the Fintech ecosystem, “ordinary citizens have been able to access a better experience of using cryptocurrencies, allowing everyday purchases with Bitcoin and its peers to be brought to the real economy”.
The crypto card presented by Satoshi Tango
And for this reason, more and more companies and businesses accept these digital assets as a form of payment. A) Yes, It can be paid in a renowned tire chain -which uses the Binance wallet to take the quotes-, cancel real estate operations and even acquire vehicles with them.
In this regard, Mariano Maisterrena, CEO of HeirloomDAO highlights a weakness present in many markets when carrying out this type of operation directly with cryptos: the volatility of Bitcoin and Ethereumtogether with the cost of transactions.
“This makes paying for small things meaningless. For example, if the total for a coffee is 2 dollars and the cost of the transaction is 5, then it does not make sense to pay with BTC,” says Maisterrena, but points out that in the In countries where Bitcoin was legalized (El Salvador was the first in the world to do so), parallel networks have been used, such as the Lightning Network, which allow users to make instant payments almost immediately and for negligible cost.
“This, precisely, allows Bitcoin to be used in daily transactions”underlines the HeirloomDAO specialist.
The cryptocurrency expert Valeria Frias shares with iProfessional an operation that adds more users every day: “As the Argentine is always looking for a way to save, you can, for example, buy air tickets for a much lower price than what you can get here with cryptocurrencies and from foreign agencies and with wallets that don’t register you with biometrics”.
“Today it is huge that a ticket has 50% taxes and cryptocurrencies have become an escape”he emphasizes.
With cryptocurrencies you can buy cheaper tickets
Bitcoin as an alternative to money transfers
Gabriel Vago, founder of the ArgenBTC exchange, points out to iProfessional that, although most people who use BTC do so to hoard, the cryptocurrency created by Satoshi Nakamoto is consolidating as an alternative to send money between countries.
In this regard, Federico Goldberg, CEO of Tienda Crypto, adds to this medium that, when it comes to replacing traditional money transfers, these are done via BTC.
“But unlike the Ethereum world, it doesn’t allow programming on the blockchain. That’s why in ETH we see more development such as stablecoins or various smart contracts“he adds.
In this regard, Frias explains that if you need to transfer money to another country, “What the bank charges for the operation is crazy and if it is done with digital currencies it is much more agile”.
“Cryptocurrencies have the particularity of providing a lot of day-to-day facilities, but ordinary people don’t know it,” concludes the expert.
