How to easily spend your crypto

For several years, many have ventured into the world of cryptocurrencies. Glorified by some, criticized by others, these famous digital currencies have become, over time, one of the most discussed topics. This notoriety is mainly due to a financial aspect. You have surely heard stories or seen people literally become millionaires overnight. This happened simply by purchasing a virtual currency called Bitcoin in 2011.

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The context of cryptocurrencies

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Not wanting to miss another opportunity to join the ranks of lucky winners, most people rushed to specialized platforms to buy cryptocurrencies. Among the most famous platforms are Binance, Kraken, Huobi, Coinbase, and Kucoin.

After following the steps of creating an account with the aim of buying cryptocurrencies, they encountered a problem. They quickly realized that it was very difficult to buy, and especially to sell, their cryptocurrency for practical use. In addition, the unique design of these platforms and the overwhelming amount of information do not make things easy for beginners.

Buying a cryptocurrency is one thing, but being able to use it as you wish is another. As simple as it may seem, this concept is crucial when it comes to investing. This is something that the French application Lyzi has understood well. In this article, we will see why it is essential to be able to use your cryptocurrencies at any time and how Lyzi, winner of the FinTech Finance Innovation label, is relevant to achieve this easily.

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An alternative above all

Cryptocurrencies are becoming increasingly popular due to the fact that many people consider them to be a major technological revolution. Blockchain technology comes to mind in particular. Without going into too much detail, cryptocurrencies were designed to run on a decentralized infrastructure, ensuring a higher level of anonymity and financial accessibility than traditional currencies.

This includes ensuring long-term capital growth through an anti-inflationary system. All these benefits have been made possible thanks to Blockchain technology, which allows people to be independent of banks and have complete control over their finances. This desire is particularly understandable given the current economic context. This technological advancement has paved the way for virtual currencies and new payment methods.

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Increase your purchasing power

The devaluation of the traditional currency, namely the euro in our case, is the consequence of excessive inflation caused by central banks. Although this has been justified on many occasions, especially to get us out of financial crises caused by the banks themselves, it has been detrimental to us.

Since the recent COVID-19 crisis, central banks have never printed so much money. This explains the general rise in prices and the resulting loss of purchasing power, increasing the cost of living over time.

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From euros, yes, but not only

Nowadays, simply having euros in a bank account is no longer synonymous with security. Whether you have thousands or even hundreds of thousands of euros, if the currency is devalued, your savings evaporate. And in the event of a crisis, your bank will prioritize its survival over yours.

In the worst case scenario, your account will be temporarily frozen or your transfers and withdrawals will be limited until the end of the crisis. Uncertainty about the future development of the economy has increased in recent years.

This situation has created fear among people who want to protect themselves in case the worst happens. This feeling has been reinforced since the war in Ukraine, causing a sudden rise in the prices of gasoline and food. All this while purchasing power is rapidly declining. To cope with this and protect themselves against a possible recession, many have turned to cryptocurrencies.

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More than a digital currency, a store of value

Owning cryptocurrencies means, thanks to their design, a long-term growth of purchasing power and an effective store of value in times of financial crisis. This is why, despite some volatility, the value of Bitcoin has continued to increase over the years.

It is a reserve that only you can control, and no one can freeze or reduce its value by manipulating inflation. According to a survey conducted in February 2022 by the consulting firm KPMG, nearly 8% of French citizens, or around 5 million people, have already invested in cryptocurrencies.

Although a significant portion can be purchased for speculation purposes, the fact is that everyone has secured a portion of their money. But of course, being able to spend in cryptocurrencies is another matter.

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How to use Lyzi for cryptocurrency payments?

Having cryptocurrencies without knowing how to use them is like not having cryptocurrencies at all. While this statement may seem absurd at first, it is indeed true. It is essential to be able to directly use your cryptocurrencies for any type of transaction.

Of course, this is possible on all cryptocurrency platforms, but the downside is that the process is usually long and tedious, making this payment method ineffective. To solve this problem, the Lyzi mobile application appears to be the ideal payment solution.

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A simple and efficient payment system

Lyzi has developed an incredibly simple payment system that allows you to make any purchase in store or online securely without having to manually convert cryptocurrencies into euros. This is similar to traditional credit card payment methods.

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How a payment works

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When you want to buy a product with your cryptocurrencies, you must open the Lyzi app and enter the amount you are spending. A cryptocurrency equivalent will be displayed and a QR code will appear. The merchant, who also has the Lyzi app, will only have to scan your QR code to validate the transaction and be paid instantly in euros and in complete security. This is a very simple electronic payment.

It is also worth noting that this transaction does not incur any fees on your part and you receive a cashback ranging from 1% to 8%. Moreover, to find out which merchants accept cryptocurrency payments via Lyzi, the application provides a map listing all the businesses that accept such payments, and they are also exempt from transaction fees.

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A user-friendly crypto app for everyone

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Ease of use and simplicity are the main features of the Lyzi app. Available on the App Store and Google Play, the goal is to make cryptocurrencies accessible to everyone. Everything is designed to make the user feel comfortable.

The app aims to be as intuitive and enjoyable as possible. With a minimalist and colorful design that features only the features the user needs, even those who do not have a deep knowledge of the crypto field can embark on this journey with confidence and easily manage their cryptocurrencies. In case of any problems, the Lyzi app has a dedicated customer service team to meet your expectations

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