The benefits of cryptocurrency are a plethora. Business? Buyer? It’s a win-win for all parties!
But, hold your horses. Before, we get into all the crypto-perks.
What is cryptocurrency anyway?
It’s basically a digital currency. It’s not by any means issued by central banks or under the regulation of the government. It has gained its popularity over the past few years. It runs on blockchain technology which uses cryptographic encryption. Bitcoin was the first ever cryptocurrency to come out and currently it’s the star of in the crypto-world!
It doesn’t have a tangible form because it all digital baby! It’s intangible, you can’t hold it, smell it or keep it in your wallet. Unless, you have a digital one? Probably, that’s why the older generations find it hard to take it seriously. But, does it really matter if its tangible or intangible? As long as you get to buy things you really like, right? Who cares!
It also has all these amazing benefits which is probably why, it has gained so much popularity in the modern financial market.
Cryptocurrency is very easily available to the public. What’s even more interesting? Anyone can use it anywhere because everything is decentralized. This way it’s easier to access. It has also made it convenient to raise funds and anyone who knows how to make online transfers can be a part of such projects.
The ever-dreading process of making payments has never been easier. In a matter of few seconds, you’re done! Its super fast because you’re saved from the hassle of feeding in the gruesome details. All you need to really know? The address of the wallet of the enterprise or the person who you want to make the payment too. The transaction fees is super low, making it all the more desirable.
A Quick Settlement
A couple of days? We would rather say; a couple of minutes and you’ll receive the money. The blockchain technology has answered all the prayers of delayed payments. It removes all the delays and the approval of third-parties. The networking structure is peer-to-peer in its nature eliminating all the hiccups along the way because of the involvement of the middleman. Making the settlement quick as hell.
There is no need to share the details of your identity, your whereabouts and the even the transaction between the beneficiary and you! It can be like a dirty secret, no one will every know about! The information regarding the deal doesn’t need to be shared with the bank or the government. Everything is truly decentralized!
Yes, we’ve all been there. Sometimes, its just extremely painful to go through all the monthly account statements. You might find yourself shedding a tear or two because of the number of fees chalked up. Transferring money using bank gateways, online forums and the credit card processing companies charge you a hefty fee. But, crypto-users must pay a small fee and there is no crying involved at the end of the month. Seems like a winner, don’t you think so?