By Joe Megan
Cryptocurrency is a digital alternative to use credit cards or cash to make everyday payments in various situations. It continues to grow as an alternative that can be applied to traditional payment methods, but still need to be more stable before being welcomed full by ordinary people. Let’s look at some of the many advantages using Cryptocurrency:
Fraud – Any problem with fraud is maintained to remain a minimum because the cryptocurrency is digital which can prevent reverse or fake payments. This type of action can be a problem with other traditional payment options, such as credit cards, because of the backs.
Identity Theft – No need to provide personal information that can cause identity theft when using Cryptocurrency. If you use a credit card, the store is given a lot of information related to your credit line, even for very small transactions. Also, credit card payments depend on attraction transactions where certain numbers are requested from the account. With Cryptocurrency payments, transactions are based on encouragement, which provides an option account holder to only send the right amount because without additional information.
Versatile use – Payment with cryptocurrency can be easily created to comply with certain conditions. Digital contracts can be made to make subject payments to complete on future, reference external facts, or get third party approval. Even with a special contract in place, this type of payment is still very fast and efficient.
Easy access – Cryptocurrency use is widely available to anyone who has access to the Internet. It develops very popular in certain parts of the world, such as Kenya, which has almost 1/3 population using digital wallets through local microfinance services.
Low costs – it is possible to complete Cryptocurrency transactions without having to pay additional fees or fees. However, if a digital wallet or third-party service is used to hold Cryptocurrency, it is likely to be a small charge.
International Trade – This type of payment is not subject to specialized levies, transaction costs, interest rates, or exchange rates, which make it possible to complete cross-border transfers relatively easy.
Adaptation – With almost 1200 unique Cryptocurrency types in the global market, there are many opportunities to use payment methods that match specific needs. Although there are many choices to use coins for everyday use, some are intended for certain use or in certain industries.
