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What is Crypto?

Cryptocurrency (or commonly known as crypto) is a digital asset that is secured using the cryptography on an open database called a blockchain.

There are 2 types of crypto, namely coin and token . Coin is a cryptocurrency that stands on its own blockchain, such as bitcoin and ethereum, while token is a cryptocurrency that “hitches” above the blockchain of other native assets, such as IDRT and USDT that hitches on Ethereum blockchain.

Crypto Use Cases

There are many use cases of crypto, such as:

1. Investing Instrument (Trading)

The volatility of crypto assets is used by many people as a long-term investment instrument. The value of bitcoin itself has increased by 3000% from 2015 to 2020. In addition, crypto can also be used as a hedge or save haven like gold to face high currency deflation due to recession.

Pintu is the safest and most reliable place for you who are ready to invest and explore the crypto world!

Case Examples :
If Anggita bought and held Bitcoin in 2010 worth 100,000 Rupiah, currently Anggita’s investment value has reached 1.7 billion Rupiahs!

Another example, if you start buying bitcoin in March 2019, you will get an ROI of 40% Year on Year in March 2020, in other words, if you buy a bitcoin worth 1,000,000 Rupiah in March 2019, then this time (March 2020) the value of your bitcoin is already 1,400,000 Rupiah!

2. Value Transfer

Crypto allows you to send value/money quickly, anywhere, and anytime. The advantage of crypto compared to legacy systems/banking is that you can send money to friends or relatives in different countries 24/7 and will arrive in minutes!

In addition, crypto transactions are transparent and can be verified in real-time because all transactions will be recorded on the blockchain, making it easy for anyone to navigate through blockchain explorer.

Although transactions can be done quickly, there is a price volatility problem that makes the value of crypto can change quickly. Fortunately, Pintu allows you to send crypto assets with more stable value (stablecoin) such as Rupiah Token (IDRT) and Tether (USDT)

Case Example :
Hendra bought limited-edition merchandise from suppliers located in China. He must make a transaction as soon as possible to get merchandise. By using crypto, he can send USDT to the supplier’s wallet and the funds will be immediately received by the supplier within minutes so that the transaction can be completed quickly. In addition, the transaction status can be tracked on the blockchain explorer, so the transaction is more transparent for both parties.