What is the best crypto use case? Community answers

While fears situation the crypto marketplace due to the fact that of however large projects and firms record bankruptcy 1 aft the other, assemblage members proceed to punctual the satellite of the champion usage cases for cryptocurrency. 

On Twitter, the Cointelegraph societal squad asked the assemblage to stock their perspectives connected what the champion crypto usage lawsuit is. From payments and self-custody to transparency and investment, assemblage members gave a wide scope of responses.

What is the champion usage lawsuit of crypto?

— Cointelegraph (@Cointelegraph) November 29, 2022

One assemblage subordinate highlighted the usage of stablecoins similar Tether (USDT) arsenic outgo methods portion pointing retired that different cryptos tin beryllium utilized arsenic concern tools. On the different hand, different effect brought up the transparency that crypto brings. Apart from these, 1 reply besides raised the conception of saving, spending and self-custody, which precocious became much talked about since the FTX collapse. 

Meanwhile, different reply wrote the champion usage lawsuit is inactive however crypto provides a decentralized, peer-to-peer transaction mechanics that eliminates middlemen similar banks and allows the bankless to person entree to a fiscal instrument.

Contrary to immoderate answers, a assemblage subordinate replied that the crypto abstraction should people mundane utility. According to the Twitter user, decentralized concern (DeFi), nonfungible tokens (NFTs) and trading mightiness not determination crypto adoption guardant to the remainder of the world. The assemblage subordinate pointed retired that it’s clip for the crypto ecosystem to upgrade its utility.

Related: Will Ethereum ever surpass Bitcoin? Crypto assemblage answers

Another Twitter idiosyncratic echoed the erstwhile sentiments by highlighting that payments inactive stay the champion usage cases of crypto. The assemblage subordinate besides pointed retired the anticipation of Dogecoin (DOGE) being implemented connected Twitter arsenic a means of outgo wrong the societal platform.

Amid the downturn of crypto markets, galore assemblage members judge that Bitcoin and crypto are present to stay. Some reason that the existent FTX situation is lone a achromatic swan event, portion others reaffirmed their undying religion successful crypto.