Cryptocurrencies and tokens allow individuals and entities to take complete control over their financial well-being. They remove the reliance on the third-parties such as financial institutions and give greater financial flexibility to their users. Let’s go through some of the main reasons why crypto should pique your interest.
Alternative to the traditional banking system
More than one billion people worldwide are unbanked, meaning they do not have access to the basic banking services that many take for granted. Cryptocurrency and tokens open new possibilities to these people.
Transferability
Crypto makes completing transactions with people anywhere anytime as seamless as using cash at your neighborhood corner store.
Privacy
When transacting with cryptocurrency, you don’t need to provide personal information to the seller. Your financial information is protected from being shared with third parties like banks, payment services, advertisers, and credit-rating agencies. No sensitive information needs to be sent over the internet so there is little risk of your financial information being compromised.
Security
Almost all cryptocurrencies are secured by blockchain which is constantly checked and verified.
Portability
Your cryptocurrency are available to you no matter where you are in the world.
Transparency
Every transaction is published publicly on the blockchain without exception. There's no possibility for manipulation of transactions, changing of the money supply, or adjusting of the rules after the fact.
Irreversibility
Unlike with credit card payments, cryptocurrency payments cannot be reversed. For merchants or others who receive payments online, this reduces the likelihood of being defrauded tremendously.
Safety
The fundamental ideas behind cryptocurrencies help make them safe: the systems are permissionless and the core software is open-source, meaning all aspects of the networks and their security have been examined endlessly by developers and cryptographers.
