Crypto is not just money

Everyone is considering crypto as money. This might because the word cryptocurrency in people's mind redirects to currencies which means money.

Crypto can be used as a store of value.

Instead of keeping EUR / USD in your bank account people are starting holding Bitcoin and Ethereum in their wallets having in mind the long-term gains. Of course the volatility of crypto questions the above, but the increase percentage of these assets per year is still strong.

Blockchain technology, which is the backbone of crypto has some great potentials to disrupt various industries beyond finance, such as real estate, traditional financial system, healthcare and many more. Blockchain is also seen as a platform for innovation and entrepreneurship, enabling the development of decentralized application, including decentralized finance (DeFi)  and new forms of financial services.

Around us there are many people unbanked. What does this means? That they do not have access to a normal bank due to their KYC status, ID's or whatever. Crypto resolves this one. You do not need any KYC to have a wallet address to store your coins.

While crypto is associated with money the actual use cases are way bigger.

Thanks for reading!