Thread by @xMoney_com

”Who you gonna call?” #Crypto myth busters! 👻

Time to turn on the fact checker for 5 common myths and help people step closer to financial freedom 🕊✅

If you know someone who still believes in #Web3 ghosts, share this clear info🧵👇

❌ Myth #1: Crypto is not backed by anything, so... it has no value ❌

✅ Truth: The value is determined by supply and demand, just like any other asset in the market. While some cryptocurrencies are not backed by traditional assets, they have value based on their function.

❌ Myth #2: Crypto is only for tech-savvy people ❌

✅ Truth: Crypto and #web3 are becoming increasingly accessible and user-friendly for any common person with an average level of internet knowledge. Regarding #cryptopayments, #Utrust is easy to use, even without experience.

❌ Myth #3: Crypto is a trend that will fade away ❌

✅ Truth: The underlying technology and concepts of decentralized finance and digital assets are here to stay. Its value & advantages have already been proven.

❌ Myth #4: Crypto is not safe ❌

✅ Truth: Crypto transactions are secured by advanced cryptography and safer than traditional financial transactions (often vulnerable to hacking and fraud).

The rule is: DON'T SHARE YOUR KEYS 🗝

❌ Myth #5: Web3 is a replacement for Web2 ❌

✅ Truth: Web3 is designed to address nowadays issues, such as centralization and the lack of privacy and control.
Both can coexist and complement each other. This relationship will evolve in ways that are yet to be fully understood.

All of this is relevant because there’s no space for growth and freedom without access to reliable information ℹ️

What other #crypto myths do you hear about?

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#utrustxMoney #xMoney #cryptopayments #Web3 #web3payments #web3community #digitalpayments #DeFi #blockchain