- The currency of my country is collapsing, I need to buy something which has a value unconnected to my country.
- My country imposes export
controls on foreign currency. I want to move my money out of my country.
- I am unbanked and want to buy a good or service on the internet.
- I do not trust the counterparty that I am dealing with on the internet. Using cryptocurrency means that my maximum loss is the vavlu of the transaction (I don't have to give credit card or banking info)
- My government wants to seize my assets, I want to make it difficult.
- I want to send money back home to my family. Currently the only option is Western Union which is charging 20% commission. Cryptocurrency results in less than 1% commission.
- I've lost my phone and wallet, I can still get cash from a bitoin ATM using the crypto I'm storing in my brain.
- My country imposes export controls on foreign currency. I want to move my money out of my country.
- I am unbanked and want to buy a good or service on the internet.
- I do not trust the counterparty that I am dealing with on the internet. Using cryptocurrency means that my maximum loss is the vavlu of the transaction (I don't have to give credit card or banking info)
- My government wants to seize my assets, I want to make it difficult.
- I want to send money back home to my family. Currently the only option is Western Union which is charging 20% commission. Cryptocurrency results in less than 1% commission.
- I've lost my phone and wallet, I can still get cash from a bitoin ATM using the crypto I'm storing in my brain.