Benifits of Crypto currencies
Benifits of Crypto currencies Digital Money
Become your own bank
Over the last couple of years the term cryptocurrency has been rapidly gaining the public eye. You might be more familiar with terms like Bitcoin, Litcoin and Ether. These are all cryptocurrencies.
Central governments can’t take it away No central authority has control, and so a bank can’t take it away from you. For those who find their trust in the traditional banking system unravelling, that’s a big benefit.
Cryptocurerncies are digital and cannot be counterfeited or reversed arbitrarily by the sender, as with credit card charge-backs.
Cryptocurrency use a “push” mechanism that allows the cryptocurrency holder to send exactly what he or she wants to the merchant or recipient with no further information
Access to Everyone,There are approximately 2.2 billion individuals with access to the Internet or mobile phones who don’t currently have access to traditional exchange systems. These individuals are primed for the Crytocurrency market.
There aren’t usually transaction fees for cryptocurrency exchanges because the miners are compensated by the network
There is no other electronic cash system in which your account isn’t owned by someone else.