Friday, 28 August 2020

Why Cryptocurrency




 The Cryptocurrency space has not even been tapped yet, there’s still so much that can be done with it. The more I think of it, the endless its possibilities.


This is how I see it, everything you can do with your regular currency (money), you can do it with cryptocurrency but in a better way. So I will say it is an UPGRADE of the regular currency.

CURRENCY 2.0 BETA… Lol

So let’s answer why Cryptocurrency should be preferred to regular currency.

  1. You can access and use your money anytime: It is accessible at anywhere and anytime, so it does what regular for of money do. Just the way you transfer your money from your phone app, so also is cryptocurrency, it is a digital for of money.
  2. You are in total control of your money: what that means is that you manage your funds right from your phone just like regular money. You can buy card, buy commodity and do many transaction with ease.
  3. Transactions are between you and the person you are dealing with. What these means is that you don’t need a singular institute to confirm your transactions before they become successful. When you understand BLOCKCHAIN, you will appreciate this more.
  4. You are not limited to your country. The things that many of these financial institutes are trying to achieve with sending money overseas is not even a problem with cryptocurrency cause it doesn’t even recognises countries boundaries or border.
This is just a preamble to the nature of what cryptocurrency entails and how we can utilize it. In future post i will explain what Blockchain is and how the technology has changed the way we can handle processes.

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