Advantages of Cryptocurrency

  1. Swifter, cheaper transactions – Instead of having to go through all the legalities and unnecessary steps when sending money to another person, a crypto transfer is relatively simple and straightforward. No agents, brokerage fees, commissions, and extra fees are needed, which just makes way for a fast, easy, and cheap transaction.

  2. Secure and confidential dealings – Any transaction done with cryptocurrency is encrypted, safe, and basically anonymous. No one can get the chance to spy on your financial activity or get your details from your account history, such as banks would. Only you have the power to view your recent transactions.

  3. Financial freedom for the unbanked – Globally, there are around 7 billion unbanked adults. This means they have no account with any financial institution or mobile money provider.
    This could be because of the strict application process and requirements financial institutions require from their depositors, which can be a great hindrance to many. Since that does not exist with cryptocurrency, a person can easily make an account right away.

  4. Quick international trade – What used to take days or weeks on end can be transferred in a matter of seconds with crypto. Since these are online transactions that do not need to be passed on from one bank to another, the waiting time for money transfers is reduced, no matter where you are in the world.

  5. A growing investment opportunity – It has been a while since Bitcoin arrived, and now there are different altcoins in circulation today, serving over 20,000 markets.
    This sector will only grow in the future as the world adapts and takes on the needs of the post-modern population. A number of these coins are already in use and circulation today,

And it will be a great investment opportunity for those who want to participate in trading them.


@stepharnite Cryptocurrencies are here to stay, and they will continue to be used for payment of goods & services, give high returns on investiments, a strong contender for criminals to receive payments, and launder money.
Cryptocurrencies like Bitcoin, Ethereum and Bantu XBN are now being used as investments and in more mainstream transactions. As major banks keep close watch, these digital currencies are gaining ground, with all signs pointing towards expansion in use and accessibilty.

1 Like

Cryptocurrency is the new word for money, that’s why I always tell my team that there portfolio on an exchange or personal wallet should be there bank i.e savings account, while bank account should be there ATM for spending :thinking:

1 Like