What is Crypto?
What is crypto? Part 1 Cash Apps Vs. Wallets
In simplest terms Crypto is a digital asset that, in many ways, is used in the same manor as a USD is used and transferred digitally today. If we stop there, knowing that most people do not really understand the intricacies of how the USD is digitally transferred from point a to point b. One could ascertain that they are really just different types of the same thing and this is all you need to know.
To help illustrate my observation, I will share the commonalities between how PayPal is used with the USD and how a Trust wallet is used with Bitcoin - with the main focus of the overview illustrating the commonalities between the two in regards to how they transfer funds.
I chose PayPal because of the wide spread familiarity with the app and a Trust wallet due to ease of use. This is with the understanding that there are several different cash transfer apps and wallets available.
Most of the available cash apps and wallets offer referral bonuses which can be used to net some very nice rewards in both crypto and Fiat currencies. Currently PayPal and Trust Wallet are not offering any rewards.
Here are two screens shots that I would like to share and yes, these are my actual balances. As you can see, I really need to buy some more Bitcoin Ha Ha. With that said,