UNLOCKED! FIVE HIDDEN BENEFITS OF CRYPTOCURRENCY

in #crypto7 years ago (edited)

unnamed (2)1.jpg
Searching for a better way to transact business without going through stressful and unnecessary government procedures? This article provides genuine reasons to invest and utilize cryptocurrency, the best alternative to other traditional currencies.

  • LIBERATION OF CURRENCY FROM GOVERNMENT’S CONTROL
    Outside the direct monopoly of national banks, cryptocurrencies provide a dependable method of exchange. This is a saving grace for people, who are always bothered about quantitative easing and other forms of loose monetary policy, such as near-zero inter-bank lending rates.

  • PROTECTION OF INDIVIDUALITY AND PRIVACY
    Confidentiality and inscrutability were principal concerns for first cryptocurrency promoters and this concern has caused a worldwide change. Cryptocurrency users adopt ‘nom de plume’ unconnected to any information, accounts, or stored data that could identify them.
    NOTE: it’s possible for sophisticated community members to deduce users’ identities; newer cryptocurrencies have reinforced a protection, which makes it much more difficult.

  • INTERNAL PAUCITY INCREASES VALUE
    Majority of cryptocurrencies are configured for scarcity: the basic code stipulates the number of units come into existence. By the virtue of this, cryptocurrencies are more valuable than fiat currencies. Similarly, like precious stone, they may offer inflation protection unavailable to fiat currency users.

  • IMPROVED, CHEAP AND EASY MOBILITY
    Cryptocurrencies’ safety measures eliminate the need for a third-party payment processor – such as Skrill or PayPal – to authenticate and verify every electronic financial transaction.
    Also, this abolishes the need for mandatory transaction fees to support those payment processors’ work. Cryptocurrency transaction fees are generally less than 1% of the transaction value, versus 1.5% to 3% for credit card payment processors and PayPal.

  • SLIMFITTED OBSTACLES AND COST FOR GLOBAL DEALINGS
    Unlike traditional currencies, which demarcate domestic transactions from global transactions, cryptocurrencies have no regard for distance or national differences. This is a huge advantage relative to international dealings involving fiat currency, domestic ATM fees and direct international money transfers (which can be very expensive).
    upvote (1).gif
    -SAMSON MIRACLE

Sort:  

All salient points - that's why governments don't openly embrace cryptos.

You're right. A great man once said "When the people fear the government, that's tyranny; when the government fears the people, that's freedom". To me, blockchain is a platform to gain our finacial freedom and cryptocurrency is the key"