Top 5 things you can do today with crypto

TL;DR 

No matter where you live - if you have a smartphone, an internet connection, and the Valora app - you can do these five things in crypto right now!

• Send money without limits: send and receive money from anyone, anywhere in the world, as easily as a text (and with fees less than a penny.)

• Grow your savings: earn 7% rewards just by holding stablecoins in your Valora wallet. 

• Save in stable currencies: access all the benefits of cryptocurrencies - like self-custody and global access - without the volatility of crypto and/or the inflation rates of many national currencies. 

• Buy real-world goods and services: purchase from thousands of retailers across the world with crypto.

• Explore DeFi: discover the wide world of DeFi through dapps in the Valora App. 

Crypto provides access to a global financial system where anyone can send and receive money regardless of where you’re located - and Valora’s mobile-friendly app is the easiest way to do it.

If you’re new to crypto or Valora but you're curious about the benefits, then here are 5 things you can do with your crypto right now.

1. Send money without limits

Using the Valora app allows you to send money to anyone, anywhere, and at any time - making it a great alternative to Web2 options - no need for long waits, banking hours, or high fees. 

Valora enables you to send money directly to other people. These are called “peer-to-peer” transactions because the funds are sent directly from you to the other person - “peers”, without requiring a bank or an intermediary to do it for you. That’s one of the fundamental breakthroughs of blockchain technology - you hold your money rather than the bank. 

Since there’s no bank, it means there are also no more holding periods, bank hours, holidays, cross-border payment delays, or high transfer fees. Just money sent between you and the people you know within a few seconds, and for an average fee of $0.001.

To see how easy it is to send and receive funds with Valora, check out our How to Create a Crypto Wallet guide. 

2. Grow your savings

Looking to grow your savings?  Try Valora’s Supercharge Rewards Program to get 7% annual rewards on your crypto stablecoins, all from your phone*. 

Getting started is simple: just hold at least 10 cUSD, cEURO, or cREAL stablecoins in your Valora wallet, and Valora will automatically calculate your 7% rewards based on your average weekly balance. Then, once per week, you’ll receive a notification to claim your rewards in the Valora App with a single tap. It’s that easy. 

And the best part about Supercharge Rewards – besides the 7% rewards? There’s no lock-up period. Meaning that you’re free to withdraw your funds whenever you want! 

3. Save with stable currencies

Cryptocurrencies are great, but you might also want to hold assets that maintain more price stability. Using Valora, you can swap your fiat money or crypto for stablecoins to enjoy the convenience of digital assets that retain their value. 

Stablecoins are digital tokens that are tied one-to-one with the value of a national currency. With stablecoins, you can enjoy all the benefits that come with digital assets (e.g., lightning-fast peer-to-peer transactions, earning rewards in DeFi, etc.) without exposing your funds to the risk of price volatility. 

Valora currently offers the cUSD, cEUR, and cREAL stable currencies. These digital assets are value-pegged to the US dollar, the Euro, and the Brazilian Real, respectively. 

Getting these stablecoins into your Valora wallet is seamless. Click “Add funds” in the app to purchase them through an integrated partner, or use Valora’s built-in “swap” feature to trade between any asset and the stablecoin of your choice. Once that’s done, you’re ready to hold or use them across the Valora ecosystem. 

4. Buy real-world goods and services

Valora also enables you to use crypto (including stablecoins) to pay for goods and services in the “real” world. 

For example, with the Bidali dapp, you can buy digital gift cards from over 2,000 popular retail brands, like Amazon, Instacart, DoorDash, and many more. You can then use your gift cards at the applicable retail or online store locations to make purchases. Bidali is available to users across more than 140 countries. 

Similarly, for travel, Flywallet allows you to book and save on your flights when you purchase with your Valora wallet. And even for microwork - Jumptask provides crypto purchase options inside a larger gig-economy ecosystem. 

All you need to do is navigate to Valora’s in-app dapps page to browse numerous options. 

5. Explore DeFi

Because getting started is so simple, Valora is an excellent portal for learning and exploring the world of decentralized finance, or DeFi. 

DeFi is an open financial ecosystem that brings people together to engage in financial transactions without the need for a centralized third party. No banks or other middlemen are involved! DeFi exists purely online through the blockchain, with options like decentralized trading, lending and borrowing, providing liquidity to others, and staking.

For example:

• HaloFi for achieving your savings goals

• EthicHub for earning and lending capital

• GoodDollar for claiming daily UBI with G$

Valora brings this world to your fingertips - just sort by Borrow, Earn, or Financial Tools on the in-app dapps page.

Get Started

There’s a whole new world of financial opportunities accessible to you. If you’re eager to experience the convenience, benefits, and freedom that crypto has to offer, download Valora and see for yourself.

Check our get started with Valora guide for more information about the setup process, and be sure to keep up with us on X!

*Disclaimer: As of February 13, 2024, Valora offers 7% annual rewards on qualifying Celo stablecoins. This change will be applied to new and existing Supercharge accounts with the minimum required balance - effective immediately. 

Supercharge rewards will continue to be paid out weekly. Remember to claim your Supercharge rewards every week in your Valora wallet.