While worries surround the crypto market since of how huge jobs and companies submit insolvency one after the other, neighborhood members continue to advise the world of the very best usage cases for cryptocurrency.
On Twitter, the Cointelegraph social group asked the neighborhood to share their viewpoints on what the very best crypto usage case is. From payments and self-custody to openness and financial investment, neighborhood members offered a large range of reactions.
What is the very best usage case of crypto?
— Cointelegraph (@Cointelegraph) November 29, 2022
One neighborhood member highlighted making use of stablecoins like Tether (USDT) as payment approaches while explaining that other cryptos can be utilized as financial investment tools. On the other hand, another action brought up the openness that crypto brings. Apart from these, one response likewise raised the idea of conserving, costs and self-custody, which just recently ended up being more spoken about given that the FTX collapse.
On the other hand, another response wrote the very best usage case is still how crypto offers a decentralized, peer-to-peer deal system that removes intermediaries like banks and permits the bankless to have access to a monetary instrument.
Contrary to some responses, a neighborhood member replied that the crypto area must target daily energy. According to the Twitter user, decentralized financing (DeFi), nonfungible tokens (NFTs) and trading may stagnate crypto adoption forward to the remainder of the world. The neighborhood member explained that it’s time for the crypto community to update its energy.
Related: Will Ethereum ever exceed Bitcoin? Crypto neighborhood responses
Another Twitter user echoed the previous beliefs by highlighting that payments still stay the very best usage cases of crypto. The neighborhood member likewise explained the possibility of Dogecoin (DOGE) being carried out on Twitter as a way of payment within the social platform.
Amidst the decline of crypto markets, lots of neighborhood members think that Bitcoin and crypto are here to remain. Some argue that the existing FTX crisis is just a black swan occasion, while others declared their undying faith in crypto.