Is Crypto a Miracle or Scam?

What are cryptocurrencies used for?

Investment is one of its strengths, but it is created as a means of payment. Companies like
Criptan are planning to launch a debit card and a bitcoin payment gateway for more than
10,000 hotels and a supermarket chain. There are real estate agencies that allow you to pay for
homes in bitcoins and in November of last year PayPal announced that it would allow
payments with this type of currency in 2021. On January 15, in addition, the first signing of a
soccer player with cryptocurrencies was made: David Barral, former Real Madrid Club de
Fútbol, Real Sporting de Gijón and Real Racing Club de Santander, signed at the age of 37 by
DUX Internacional de Madrid, a Second Division B football club, of which Criptan is a sponsor.
The amount has not yet been disclosed.
What are the advantages of cryptocurrencies?For Jesús Pérez, from Crypto
Plaza, the main benefits are decentralization, it does not depend on any
bank—“only the buyer has the password to access”—, shipping to any part
of the world quickly and free of charge, and the impossibility of falsifying
it. .Scarcity is another advantage, since it does not subject the
cryptocurrency to inflation. In fact, bitcoin is limited to 21 million (about
18.6 million have been published so far) and it is estimated that it will reach
the top in 2140, the date established by the creator. The little more than
two million bitcoins that remain will be mined at a much slower rate than
before.
 ¿ What risks does investing in cryptocurrencies entail?
The main risk is volatility (sharp rises and falls in value) that can cause large
losses in hours. "Although there are also stable cryptocurrencies that have
parity with the dollar or the euro, such as the USD Coin (USDC) or the DAI,"
they say from Criptan.