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The benefits of using Crypto-Currencies

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 Money Transfers

Crypto-currencies don’t have to go through third parties.

All transactions are direct to the other party and get logged onto the blockchain.

  • No or very low fees

Due to lack of third parties, there are very few fees. Miners (who run the system) are compensated by mining currency as they complete transfers.

  • Fast International Transfers

Crypto-currency transfers are much faster than traditional methods because you only go through a few computers rather than several companies, banks and governments.

  • Very accessible

Approximately 2.2 Billion people have access to the internet and not all of those are connected to banks.

  • Crypto-currency is traceable but your identity is private

Transactions have to be traceable because miners need to verify transactions and make sure that the balance adds up.

 

 

 

 

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Marlene F Liontis