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Day 4/30: What are cryptos for when you live in the DRC? 🇨🇩
@newbies: several have asked me "how do we benefit?"
Let's forget trading for 2 minutes. Here are 3 real use cases here:
1. **Inflation Hedge**
The Congolese franc is losing value.
sur #Binance 1$ yesterday ≠ 1$ tomorrow.
A lot of folks are using USDT = digital dollar to maintain value.
1 USDT today = 1 USDT in 1 month. No surprises.
2. **Receiving Money from the Diaspora**
Western Union = 10% fees + 3 days.
Crypto = nearly 0 fees + 2 minutes. Family in Europe/USA sends in USDT, you get it instantly.
3. **Online Payments**
Want Netflix, Canva, a domain name? Without a Visa card, forget it.
With cryptos, you can pay for international services.
⚠️ This is not financial advice.
I'm not saying to buy.
I'm just sharing 3 use cases that I observe. Always DYOR.
Question: Which of these 3 use cases interests you the most?
1, 2, or 3? 👇
I'll make a detailed post on the most voted use case tomorrow.
#BinanceSquare #CryptoRDC #EducationCrypto #USDT.
@newbies: several have asked me "how do we benefit?"
Let's forget trading for 2 minutes. Here are 3 real use cases here:
1. **Inflation Hedge**
The Congolese franc is losing value.
sur #Binance 1$ yesterday ≠ 1$ tomorrow.
A lot of folks are using USDT = digital dollar to maintain value.
1 USDT today = 1 USDT in 1 month. No surprises.
2. **Receiving Money from the Diaspora**
Western Union = 10% fees + 3 days.
Crypto = nearly 0 fees + 2 minutes. Family in Europe/USA sends in USDT, you get it instantly.
3. **Online Payments**
Want Netflix, Canva, a domain name? Without a Visa card, forget it.
With cryptos, you can pay for international services.
⚠️ This is not financial advice.
I'm not saying to buy.
I'm just sharing 3 use cases that I observe. Always DYOR.
Question: Which of these 3 use cases interests you the most?
1, 2, or 3? 👇
I'll make a detailed post on the most voted use case tomorrow.
#BinanceSquare #CryptoRDC #EducationCrypto #USDT.
Day 3/30: Exploring the "Convert" feature on Binance 🇨🇩
@newbies: Yesterday you told me that Binance is intimidating.
That's normal. So we're breaking down one simple thing each day.
Today: Do you know what the "Convert" button does?
A lot of folks think it’s complicated. In reality:
1. It’s the simplest tool in the app
2. It’s used to swap one asset for another
3. Example: understanding how to transition from USD to a stablecoin like USDT
Why am I talking about USDT?
Because it’s a "digital dollar." Its value aims to stay close to $1.
That’s why many beginners use it to get comfortable with the app without the volatility.
⚠️ This is not financial advice. I'm not telling you to buy anything.
I’m just showing you that a "Convert" button exists and what it’s for. DYOR.
Question: Who already knew that the "Convert" button existed?
"Yes, I know" or "I’m discovering" 👇
Tomorrow Day 4: What are stablecoins good for once we have them?
#BinanceSquare #CryptoAfricaInvest #DebutantCrypto #EducationCrypto
@newbies: Yesterday you told me that Binance is intimidating.
That's normal. So we're breaking down one simple thing each day.
Today: Do you know what the "Convert" button does?
A lot of folks think it’s complicated. In reality:
1. It’s the simplest tool in the app
2. It’s used to swap one asset for another
3. Example: understanding how to transition from USD to a stablecoin like USDT
Why am I talking about USDT?
Because it’s a "digital dollar." Its value aims to stay close to $1.
That’s why many beginners use it to get comfortable with the app without the volatility.
⚠️ This is not financial advice. I'm not telling you to buy anything.
I’m just showing you that a "Convert" button exists and what it’s for. DYOR.
Question: Who already knew that the "Convert" button existed?
"Yes, I know" or "I’m discovering" 👇
Tomorrow Day 4: What are stablecoins good for once we have them?
#BinanceSquare #CryptoAfricaInvest #DebutantCrypto #EducationCrypto
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