The crypto-world is trending more than ever. What once seemed like a total scam to people, is now their favourite place to invest and make huge profits. Many cryptos have been launched since Bitcoin. We have honestly lost count of how many cryptos are currently out there in the crypto-market.
But, we feel some of us have lost track of why crypto became so popular in the first place? So, we’re going to start from scratch and recall some of the most basic questions people had in their minds when the crypto era began!
“Why Should I Use Cryptocurrency?”
There are actually quite a few reasons you would want to use crypto than the old and boring traditional currency. First of all, unlike traditional currencies you can use it anytime, anywhere and as much as you like it. No restrictions there! No bank holidays, no borders and no bureaucracy. Isn’t that just wonderful? Good enough reasons to hop onto the crypto-bandwagon?
There is also the advantage of lower fees. You don’t have to pay any fees for sending your crypto anywhere. All the transactions are irreversible, contain no information related to the buyer and its secure as hell! It’s exactly why it ia the best currency for merchants who are looking for secure and stable modes of payment.
Guess what? It is also impossible for any merchant to charge a user without their prior knowledge because you and only you have full control over your wallet. So, you don’t have to worry about any unethical businesses. The best part? All transactions are crystal clear! Anyone can look at them on the public ledger. Even you! It’s the most neutral currency up to date.
“Why Should I Trust Cryptocurrency?”
Isn’t it easier to trust a software? A software which is deliberately designed in an open source environment. To gain the trust of the people! All codes related to cryptocurrencies and how they operate can be viewed by anyone at anytime. Similarly every transaction can also be verified by anyone at anytime of the day. What’s there not to trust huh?
If there are no doors hide! If someone feels there is something fishy with the crypto-code then the person can easily just look it up and check if there are any flaws. It’s pretty much the same with transactions too. Maybe at any time if you feel that transaction was made incorrectly, there is always the option to check its validity on the blockchain. Easy-peasy no? The most amazing part? There are no third parties involved. Thank God! The users of the community control it and the direction it is headed in!
The crypto era is just in its infancy stage as we all know. But, there is so much progress. All we’re waiting for is a mass adoption to take its course. So, the next time a person asks you why they should use and trust crypto, you have plenty of reasons to put a strong case. Until next time! Sayonara!