The contemporary age is becoming conducive to digitalization in every aspect. So why should currency
be left far behind? After credit cards and debit cards now currency has turned digital. Digital currencies
like Bitcoin and Dai are gaining credibility worldwide and are steadily replacing conventional methods of
payment.
For the uninitiated, Dai is a digital currency that is reliably backed by assets and is relevant in the context
of the modern digital age. It is also touted as the first-ever decentralized coin that dwells in the
Ethereum blockchain. Dai is much preferable to traditional methods of payment because anyone can
have the flexibility and freedom to invest in a currency that is consistently powerful and also retains its
purchasing power in the face of any financial crisis. This is simply because of the fact that Dai is
supported by collateral assets. Thus, you do not have to worry about value declining like in the case of
conventional currencies. Moreover, there is a high level of transparency involved since anyone can
double check the information that reveals the collateral backing and can also gauge its safety profile.
Even in case of an emergency situation, the system will enable the emergency shutdown which will
further guarantee stability.
Dai is usually not accepted by online retailers. However, there are some online stores that accept them. You
can utilize the bitcoin service to buy with Dai. It should be a simple way of paying like you would use a
debit or credit card. So how can you go about buying a product using the big coin service? All you have
to do is to decide on the product you wish to buy and enter the link towards the purchase on the bitcoin
website. Next, you can key in details like your complete shipping address, telephone number and make
the payment in lieu of the cryptocurrency to match the amount reflecting on the product. You do not
even need to sign up for the service. Now the process is fulfilled from your end. The automatic order
processing technology will procure the product that you ordered and then we will ship it to your
registered address.
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