Cryptocurrency really does have some incredible benefits and if you are not using it then you are certainly missing out. The best thing about cryptocurrency is that it can’t be counterfeited and they can’t be reversed by the sender either. This alone makes them far more secure when compared to the other types of currency out there. Take a look below to see some of the other benefits that are commonly associated with cryptocurrency.
Low Fees and Security
There aren’t normally transaction fees for cryptocurrency and this is because the miners are all compensated by the network. You’ll also find that when you use your credit card and when you go through a merchant, that you give them access to your bank account and this is even the case if you only end up spending a very small amount. Credit cards also operate on a pull basis and this essentially means that the store initiates the transaction and it is then pulled from the designated account. This really does open you up to theft and it can also cause you severe problems in the future as well. Cryptocurrency on the other hand uses a push mechanism and this allows the holder to send whatever they want with zero information provided.
There are over 2 billion people in the world who have access to either the internet or mobile phones but choose not to take part in a traditional exchange. These people are prime for the market. Bitcoin devices are now being brought to market and it is a known fact that one out of every three people in Kenya have a bitcoin wallet. That’s a huge number and it is expected to rise even more over the next few years, while also spreading to other countries.