Pros
- Connects the Bitcoin blockchain to mainstream users through accessible mobile applications and other complementary features to support the transition to decentralized banking.
- This is an ERC20 token, which means it resides on the Ethereum blockchain and may not be excavated unlike other major currencies BTC, ETH or more.
- It can be used as a sign of loyalty points and rewards, a more institutional strategy for push for adoption amongst the masses functionality like this is absent in legacy cryptocurrencies locally.
Cons
- Its price reduction is certainly a concern. But comparing it to the conditions of the entire crypto market is no reason to worry.