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RE: Steem Doing Good In The World

in #palnet7 years ago

Another key advantage when using cryptocurrency to send money is that it doesn’t matter what the price of the token is. If you want to send someone $100 and the price of the token is $100, you send one token, but if it was $1, you send 100 tokens. To the person on the receiving end, it’s still worth $100 and they can redeem it in any denomination they choose, fiat or cryptocurrency. Price volatility has no effect so long as it is redeemed in a timely manner.

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