Can I use SCHD as a form of payment in the cryptocurrency world?
MarcelRDec 26, 2021 · 3 years ago3 answers
Is it possible to use SCHD as a form of payment in the cryptocurrency world? I've heard about SCHD being a popular ETF, but I'm not sure if it can be used as a payment method for buying goods or services in the crypto space. Can someone shed some light on this?
3 answers
- Dec 26, 2021 · 3 years agoNo, SCHD is an ETF (Exchange-Traded Fund) that tracks the performance of high dividend yielding U.S. stocks. It is not a cryptocurrency and cannot be used as a form of payment in the cryptocurrency world. Cryptocurrencies are digital assets that are used as mediums of exchange, while SCHD is a traditional investment vehicle.
- Dec 26, 2021 · 3 years agoUnfortunately, SCHD cannot be used as a form of payment in the cryptocurrency world. Cryptocurrencies like Bitcoin, Ethereum, and others are the primary means of payment in the crypto space. SCHD is designed for investors looking for exposure to high dividend yielding U.S. stocks, not for making transactions.
- Dec 26, 2021 · 3 years agoAs an expert in the cryptocurrency industry, I can confirm that SCHD cannot be used as a form of payment in the cryptocurrency world. However, there are various cryptocurrencies that can be used for transactions, such as Bitcoin, Ethereum, and Litecoin. If you're interested in using cryptocurrencies for payments, I recommend exploring these options.
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