What is the cryptocurrency facility for?


#1

As far as I can tell, I can’t spend cryptocurrency from Revolut, and it’s against the Ts&Cs to use my Revolut account to speculate on currency movements.
Given that, what’s the purpose of the cryptocurrency facility?


#2

Well, you are allowed to think that since the current fiat moneys do not have any intrinsic value, you prefer to store value in cryptocurrencies.


#3

I don’t understand. For what purpose?


#4

Would you buy Zimbabwean dollars ? No because this money is worthless.

Some people think the same with EUR, USD or any other fiat moneys… so they store value in BTC and other cryptocurrency.


#5

2 interesting links on the subject :

The Bretton Woods system : https://en.m.wikipedia.org/wiki/Bretton_Woods_system

And its end : https://en.m.wikipedia.org/wiki/Jamaica_Accords