Is it Possible to Live on a Bitcoin?

Posted by Rick Roux on September 15th, 2019

Millennials are not intimidated by financial technology. They have taken to the decentralized cryptocurrency system such as the proverbial ducks to water. It has been predicted to be the largest one all over the world by 2020; it continues to be on number one in terms of the solid investment like stock market and property. The traditional methods of savings such as bonds, 401k, and mutual funds are sidelined in regards to cryptocurrencies, with Bitcoin gaining share in the market.

Investment on Crypto is in and traditional savings are out

There are the two best reasons why Bitcoins is better for a financial sense, especially to the millennials.

èThe investment on Bitcoin has performed better than the savings bank

We live in a zero interest rate and debt-based world economy. A savings account would never be able to catch up to the earnings on investment. There are some of the doubts if the savings account had 2 would show the same gains in a period of two years.

èSpeed of the crypto and ease of using it

Decentralization and mobile devices give cryptocurrencies over the traditional system of banking. However, a credit or debit card reverts from the blockchain decentralization to centralized banking.

How to live on a Bitcoin?

Bitcoin is no different than the traditional credit or debit card. Most of the people use plastic money in favor of the hard flat currency since so many years; it is safer and easier. Visit now to find more about it.

Before heading to the end, it makes better sense to understand how Bitcoin can be used with a debit or credit card to pay for groceries, rent, travel and various other necessities.

How Bitcoin Debit card can be defined?

Assuming that the Bitcoin is already owned by you, the next step is to get a Debit or Credit card of crypto. These come either in the plastic form or a virtual card with the help of a mobile device. The plastic card is more flexible while traveling as they are accepted worldwide as an ATM, which isn’t a feature of the virtual card.

Choosing the right card is imperative

There are various card providers, and only some of them offer support and flexibility needed to make an easy living on Bitcoin. Ensure to check the features of cards such as money transfer option and more.