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RE: Steem Doing Good In The World
Another key advantage when using cryptocurrency to send money is that it doesn’t matter what the price of the token is. If you want to send someone $100 and the price of the token is $100, you send one token, but if it was $1, you send 100 tokens. To the person on the receiving end, it’s still worth $100 and they can redeem it in any denomination they choose, fiat or cryptocurrency. Price volatility has no effect so long as it is redeemed in a timely manner.