#MarketRebound #XRP #BRL #USDC #USDT I entered the crypto market a few days ago and, I don't know why, but I fell in love with #XRP. Hypothetically, I started to imagine the situation of Brazil and the USA as two distinct cryptos. Just think: BrasilCoin and USD-Coin, the two most "alive" cryptocurrencies on the market, both competing for global attention.
On one hand, BrasilCoin has the potential for an unexpected explosion, full of promise and seasoned with a touch of samba, carnival and the famous Brazilian way. On the other hand, USD-Coin is the “stable” currency that offers security, but with the excitement of a documentary about the history of lettuce.

The Brazilian government announced DREX as the state's digital currency, the idea is that it is the digital real, but many of the dangers of this initiative are not exposed to the general public as it should be. DREX represents total power of money to the government and its politicians and zero power to the people and those who fight to earn their $. DREX has a token format, exactly like the scam tokens that we see on the market, according to what was announced, it is being created using the ethereum blockchain as a base. Okay, but where is the danger of DREX? DREX is a smart contract with functions that if they were in any currency on the market, it would be called a scam, without fear of making a mistake. 1 Blocking of funds, meaning the government will be able to block funds from the user's wallet.2 Freezing of funds, meaning the government will be able to freeze the user's funds.3 Blocking of use, meaning the government will be able to prevent the user from spending the money elsewhere something other than what that money was designated for. Can you understand the risks of this? Can you understand how much power we are handing over to politicians on a platter? Remembering that the government will have this power without needing any effort, just calling a function in the contract, that is, today there are banks and many people can mistakenly compare this with their money in the bank, but no! There is no similarity, when your money is in the bank there is a whole bureaucracy for the government to access and it involves many people, there is the principle of privacy to be respected, not with DREX, the government just needs to activate a function in the contract and it will do the job. whatever you want with your money, remembering that what provides this type of authority for the issuer is precisely the currency that is within the blockchain. If DREX were a private sector currency it would be the biggest scam of all time, taking into account since the issuer is the only one who has authority over the contract and the user, as always, will just pay the bill.Cryptocurrencies emerged to be the opposite of DREX, Bitcoin emerged to give the user power and control over their money, DeFi emerged to give the individual user privacy and access to finance mechanisms. Be careful with DREX, think carefully! Remember that every 4 years politics change and with each change we will be giving him total control of our money.#brl #drex #crypto #defi ​​#cryptocurrencies $brl

The real, Brazil's official currency, is facing a serious economic and social crisis, with accumulated inflation of 700% in the last four years, according to the Brazilian Institute of Geography and Statistics (IBGE). This situation has affected the purchasing power of Brazilians, who see their salaries and savings lose value every day. Since its creation, the Real has suffered a strong devaluation and loss of purchasing power, caused by inflation of more than 677.50% in last four years. Therefore, R$ 1.00 from 1994 is currently worth only R$ 0.12 and R$ 100.00 from 1994 is currently worth only R$ 12.00. Given this scenario, many Brazilians have been looking for alternatives to preserve their assets and carry out financial transactions. One of them is the digital economy, which offers solutions based on technologies such as blockchain, cryptocurrencies, fintechs and payment applications. According to data from the Brazilian Association of Cryptoeconomics (ABCripto), the number of investors in cryptocurrencies in Brazil jumped from 1.4 million in 2019 to 8.6 million in 2023, a growth of more than 500%. Furthermore, the volume traded on crypto platforms in the country exceeded R$ 100 billion in 2023, an increase of 250% compared to 2019. Cryptocurrencies, such as bitcoin, ethereum and tether, are digital assets that function as a medium of exchange , store of value and unit of account, without depending on intermediaries such as banks or governments. They are protected by cryptography and registered on a decentralized computer network, called blockchain, which guarantees their security, transparency and immutability. For Brazilians, cryptocurrencies represent a way to escape inflation, diversify their investments and have more financial freedom. Furthermore, they allow for faster, cheaper and more global transactions, without bureaucracy or restrictions. Another trend that has gained strength in Brazil is the use of fintechs and payment applications, which offer digital financial services, such as accounts, cards, loans, insurance, investments and transfers. These platforms stand out for their practicality, convenience, cost-benefit and innovation. According to the Fintech Mining Report 2023, prepared by Distrito, there are 1,038 fintechs in Brazil, a growth of 34% compared to 2019. Together, they generated R$ 230 billion in 2023, an increase of 180% compared to 2019. Furthermore, they served more than 100 million customers in the country, an increase of 150% compared to 2019. Fintechs and payment applications, such as Nubank, PicPay , Mercado Pago and PagSeguro, have benefited from the digitalization of Brazilians' consumption habits, especially after the Covid-19 pandemic, which accelerated the adoption of online solutions. They have also taken advantage of the opening of the Brazilian financial market, with initiatives such as open banking and PIX, which encourage competition, inclusion and innovation. The real, Brazil's official currency, is heading towards the digital economy, experiencing inflation of 700% that eroded purchasing power. This is the reality of millions of Brazilians who are looking for new ways to deal with their financial resources in a scenario of uncertainty and instability. The digital economy emerges as an alternative to face the challenges and opportunities of the 21st century. Was this article useful to you? If so, leave your LIKE and subscribe to BITCRYPTO, your news portal about the world of cryptocurrencies.#Write2Earn #inflação #brl #bullmarket