Why Buy Cryptocurrency
As a digital asset that serves users
online, Cryptocurrency has many appealing benefits. Some of this is thanks to the
Blockchain Technology previously mentioned.
It is a strictly monitored process
with encrypted transaction and control thus, making this online money a thing
for the future.
There are 4 top advantages ofCryptocurrency but for this report, we are going to talk about only 2.
No Third-Party Involvement : The first advantage of Cryptocurrency is its well-known ‘No Third-Party Involvement’. There’s always a pattern when using traditional money to buy yourself a new property, setting up your own business, or buying a new car.
One way or another, the process
requires a third-party involvement. We are talking lawyers, owners and some
others external factors such as, delays, documentations and extra fees.
This in general will consume
unnecessary time, money and energy to the point of giving up.
A good example of this scenario would
be you buying a new house. You need to pay the Financial Advisor who in
general, advise your financial statement to ensure you are have a stable
income.
Some property requires you to pay for
a booking fee to ‘lock’ your house of choice and many other add-ons. In short,
there’s a lot of third-involvement and it charges you even before you own the
property.
But that is not the case with
Cryptocurrency. As mentioned previously, the blockchain system is similar to self-rights
database.
The contract is capable of being
design and enforces to remove any involvement of the third-party mentioned
before. Moreover, the contract can be customized to complete a certain
transaction at a set date at a fraction of any expenses.
Yes, you can eliminate any third-party
involvement options, in fact, you don’t even need one.
In short, you are in control of your
own money using Cryptocurrency.
This is what we call the
‘Decentralized’ system, which means there’s no ‘Central or Federal Government’
regulating it for you.
Your transaction is practically immune
to any influence from your government and its distinct manipulation.
So, it is possible to be able to pay and
receive money anywhere in the world at any given time.
That transaction is done with minimum
processing fees, thus preventing users from having to pay extra charges from
banks or any financial institutions.
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