Using Crypto to Buy Everyday Goods? (Kado)

Let us face the fact that current use of cryptocurrency in real life is limited. There are platforms that allows us to exchange cryptocurrency to fiat or platforms that have credit cards that uses our cryptocurrency to pay for goods. Yet not many of them have been universally adapted.

With stable coin UST flourishing it has partly been because it already has a user base in South Korea. UST is accepted as a form of currency on Chai Pay. In time UST will likely have adoption all across the globe, but for now there is a website where people in America can potentially spend their hard earned UST.

Pay Kado Money

As of now the platform can use UST to purchase all kinds of goods that one can imagine. From tech gadgets from brand names like Apple and Microsoft to clothing of Nike and Reebok. There are so many items available to purchase on the platform with UST. The road map for Kado is extremely positive for the end use of crytocurrency. There will be opportunities to spend stable coins with the use of foods and services and potentially a debit card. To top it off an the end of 2022 Kado wants to start off cyber monday shopping so definitely be aware this project will be review again near the end of the year.

The products currently offered on the platform for USA are directly from Amazon. This means the merchants are not clearly defined but the products for sale have reviews directly from Amazon for reference. The prices are in $USD but paid in UST tokens.

In addition to buying products through Kado users can play along to earn rewards. Kado describes this as gamification of shop to earn.

Similar to any of the big box online retails like Amazon that has membership the Kado has tier memberships for a specific fee. All the tier memberships are paid in UST.

Kado's goal is to be able to use all sorts of stable coins to exchange for goods. Something that has not been done by any other project ever or at least not this ambitious.

Conclusions

Kado is already months into the testing of on-boarding and off-boarding fiat into cryptocurrency and have credit + debit cards in use. The potential for wider use case is nearer by the day and it is good to keep an eye out for potential new updates.

For now this is a great place to spend the UST one earns. Imagine earning enough interest to simply spend on the goods one wants to get. This is a phenomenal use case for UST and it is the first stable coin used on the Kado. A head start for adoption of UST for real case use. This is all very bullish for Terra ecosystem and the native tokens UST and Luna.

None of what I write is financial advice. It is for entertainment purposes only. Thanks for reading!