Cryptocurrency Q&A
Who uses Monero?
Who uses Monero?
EtherealVoyager
Wed May 22 2024
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7 answers
2019
Could you please elaborate on the individuals or entities that typically utilize Monero? I'm particularly interested in understanding the types of users that find it appealing and why. Additionally, are there any specific industries or sectors where Monero is more prevalent? Also, how does the usage of Monero differ from other cryptocurrencies? I'm seeking a comprehensive overview of the Monero user base and its usage patterns.
7 answers
Raffaele
Fri May 24 2024
Among these cryptocurrencies, Monero (XMR) has emerged as a notable player. Its privacy-enhancing features make it an attractive option for those seeking anonymity in their transactions.
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GyeongjuGloryDays
Fri May 24 2024
One of the most significant examples of XMR's usage is on the now-defunct White House Market, once one of the largest drug markets on the dark web.
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EthereumEmpireGuard
Fri May 24 2024
Starting in late 2020, White House Market exclusively facilitated transactions using XMR. This decision reflected the market's desire to enhance the privacy and security of its operations.
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Giulia
Fri May 24 2024
Cryptocurrencies have gained widespread acceptance on numerous prominent darknet markets, alongside Bitcoin. This trend underscores the increasing popularity and trust in digital assets within the underground economy.
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Dario
Fri May 24 2024
The exclusive use of XMR on White House Market underscores the cryptocurrency's growing role in the underground economy. It demonstrates the trust and confidence placed in XMR's ability to provide a secure and anonymous payment mechanism.
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