Is crypto current ruling the world in terms of making revenue

SMMLO · Aug 1, 2022

I want to know if crypto currency is going to benefit in generating money. There are so many people who lost huge amounts in cryptocurrency as well as many people who became billionaire. Would like to hear from you.

Trust WorkShop · Aug 1, 2022

Crypto especially USDT is ruling the export trade in China, for sure. All the importers I know in India, some have quite big import volumes from China, make over 50% of the payments to their Chinese counterparts, "under the table" in USDT. Ofcourse that also involves declaring an A as a B and also blabla-ing invoices and it is no hush hush secret, everyone in India is aware of the same (declaring A as B and import/export invoice blabla-ing).

SocialManager · Aug 1, 2022

I made a little money, I lost a lot of money, crypto is controlled by the wealthy mostly, and it is very difficult to fully understand. I am a big supporter of it overall, but you really have to be ready to lose everything if the world elite decide it to be so.

AlliedBusiness · Aug 1, 2022

It is so volatile but if you have the patience you will be successful so yes, it can generate you revenues and losses too if you are greedy.

CR48haha · Aug 1, 2022

Raj Kesu said:
Crypto especially USDT is ruling the export trade in China, for sure. All the importers I know in India, some have quite big import volumes from China, make over 50% of the payments to their Chinese counterparts, "under the table" in USDT. Ofcourse that also involves declaring an A as a B and also blabla-ing invoices and it is no hush hush secret, everyone in India is aware of the same (declaring A as B and import/export invoice blabla-ing).

do they use tron usdt or other? What else? Thanks for info

Trust WorkShop · Aug 1, 2022

CR48haha said:
do they use tron usdt or other? What else? Thanks for info

As per the importers that I know in India, the China based exporters mainly prefer USDT for the crypto part of their payments. And in Delhi, I know a person who supplies an India (Delhi) based importer almost USDT 100,000 per day !!! That importer buys USDT from him in hard cash and his mark-up is 10% to 12%. USDT is the "king" as far as trading with China is concerned, especially the big volume regular importers in India, importing from China, for them almost 50% of payment is done in USDT and 50% is done in the official way (then declare an A as a B, invoice blabla-ing, etc).

CR48haha · Aug 1, 2022

Raj Kesu said:
As per the importers that I know in India, the China based exporters mainly prefer USDT for the crypto part of their payments. And in Delhi, I know a person who supplies an India (Delhi) based importer almost USDT 100,000 per day !!! That importer buys USDT from him in hard cash and his mark-up is 10% to 12%. USDT is the "king" as far as trading with China is concerned, especially the big volume regular importers in India, importing from China, for them almost 50% of payment is done in USDT and 50% is done in the official way (then declare an A as a B, invoice blabla-ing, etc).

Which brand of USDT? tron, ethereum, or other?

I think USDT came out with a yuan version and gold

Trust WorkShop · Aug 1, 2022

CR48haha said:
Which brand of USDT? tron, ethereum, or other?

I am not sure of in which network they transact their USDT. Most probably it would be USDT-TRC20 (Tron network), due to very low network fees).

Is crypto current ruling the world in terms of making revenue

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