decentralization

What Are The Benefits Of Cryptocurrencies?

Cryptocurrencies enable digital payment transactions without central administration.

Thanks to the decentralized exchange of data, individual groups or interest groups such as banks or governments can neither simply print new money nor manipulate the exchange rate.

They base the decentralization of personal data or transactions on blockchain technology.

Blockchain technology makes business possible without third-party middlemen. This can be, for example, trading stocks without banks or buying real estate without a notarial certification.

Access for everyone

There are significantly more people worldwide who have access to the Internet or smartphones than people who have access to the banking system.

Cryptocurrencies offer unbelievably great potential for precisely this population. Cryptocurrencies do not exclude users based on history or other characteristics.

The already widespread user-to-user credit system in the micro area also uses this potential.

Posted by Lyndsey Annabel in Crypto