Regardless of all hype that was created in 2017 around Bitcoin and cryptocurrencies in general, the asset is useless unless you can use it in your daily transactions. Fortunately, for the one’s aspiring to have a fiat-free lifestyle, there is already people living off bitcoin!
The role model has to be Olaf Carlson Wee, founder of Polychain, who has lived off Bitcoin for a few years now. He started working at Coinbase when it was still a small start-up and had his salary paid in Bitcoin. This was probably a ridiculous idea back then and it hasn’t been easy to spend cryptocurrencies for daily transactions till today. Unless you live in the crypto valley of Zug, Switzerland, merchants rarely accept crypto as a payment. People living off cryptocurrency have used creative ways such as asking friends or family to pay where payments can’t be made in crypto and then transferring the crypto to them or using third party apps to buy uber credits or rail cards with crypto. However, these methods have proven to be quite inconvenient for people willing to switch to the fully crypto backed lifestyle.
The world is changing and the global adoption of Crypto is rapidly increasing. After the surge of 2017, merchants may have become interested in acquiring cryptocurrency enabling users to pay with crypto in a lot of places. However, can one still buy groceries or gas with crypto in today’s world? The answer is: YES!
Yes, you can live on cryptocurrency solely and use it to pay for anything ranging from your groceries to your new car. This can be done using the GoodX Digital Wallet. The GoodX Wallet is an amazing opportunity for crypto lovers to switch to living off their bitcoin, Ethereum, Litecoin, dash, or whatever cryptocurrency they prefer, for life! With GoodX you get a personal IBAN, a (mastercard) credit card, and the ability to pay via NFC. All you have to do is signup, get your credit card, credit all your cryptocurrencies on the wallet and you are good to go!
The financial world is undergoing phenomenal changes and the idea of being able to use a crypto backed debit or credit card, that instantly converts your crypto into fiat at any store or ATM which accepts Mastercard is amazing. The unique aspect of GoodX is that it doesn’t only allow the crypto enthusiasts to live off crypto but also allows you to live off gold by connecting it to your GoodX wallet! So you can choose to pay the way you like, with your crypto, gold or fiat currency, the possibilities from here onward are endless.