There are several benefits of cryptocurrency, before we proceeds let's understand the term Cryptocurrency- In modern days society the word cryptos, cryptocurrency has gained a momentum, it has become a household name, such as bitcoin, Ethereum Ripple, Tron, Cardano, and so on .
Now what is Cryptocurrency? Many schoolars tagged it virtual or digital currency, but I define cryptocurrency as Money because it's a digital stock that translates into a physical cash .
The following are some of the pros of cryptocurrency
1.You are your own bank - The society were I am from, before you can send money or perform a single transaction in a bank, you have to spend the day in a queue either to withdraw money from ATM machine or to make payment, with the help of cryptocurrency I can seat down in my comfort zone and carry out my transaction with ease.
Fast transactions :cryptocurrency is symnanimous to quick transfer/transaction,like bitcoin it takes 15minutes confirmation while some altcoins takes less down 15minutes .
Low transaction Fee -most cryptocurrency exchanges charge their customers low transactions fees compare to our banking system who charged greater percentage .
Its Accessible : Irrespective of where you are from, your origin, your geographical location it does not matter, what matters is for you to gain access to your phone or laptop and have access to internet and you are good to go.
Conclusively, the benefits of cryptocurrency in our modern day society cannot be overemphasized because its stimulates New economic world order.
Thanks for sharing. This make me help to understand what it is. I've Never converted crypto into physical cash but soon i will do that when i get some more in my wallet. But sadly here in india i'm getting a news that crypto is going to get banned and the discussion is going on the court. The result will be out on july i guess. Hope it will not get banned. I can do nothing but just pray to god. Fingers croosed. Thanks for the information you've provided. Followed you my friend. And hope you will do the same.thanks.
Hello @punkblogs cryptocurrency has come to stay, don't be scared, here in Nigeria were I currently based bitcoin or cryptos is not legalize but am glad to let you know that this is what I do full time and 2%of Nigerian business men are into it.
Nothing can stop the growth of cryptocurrency Not the government nor the banks.
It is a revolutionary economic movement, let me ask you a question.. Can you separate Oil from Water?the answer is NO,.
@gaman you're on the @abusereports naughty list!
Bad Steemian! Bad!