Source: medium.com

Will Cryptocurrency Make The World A Better Place?

Very often we accept innovations in the world without much thinking. Regardless of the method of production or impact on the environment, we are generally looking forward to innovation. Still, sometimes we are right and sometimes we are wrong. Some innovations have changed the world and made it a better place, while others are poisoning it day by day (things such as cigarettes, alcohol…). We wondered what happened with cryptocurrencies, a topic that has been burning for decades in the world. Will cryptocurrencies make the world better?

At the very beginning, it is very important to define certain facts when it comes to cryptocurrency. Although there is almost no person who has not heard of cryptocurrencies and the most popular of all is called bitcoin, people call them they very often confuse it with electronic money. No, cryptocurrencies simply have no connection to your business account, traditional banking systems and ATM payment cards to which we are all accustomed. It is completely independent, but also unstable. Cryptocurrency is a virtual currency that is kept well in virtual, e-wallets. It is transmitted, monitored and controlled via blockchain technology. It is a unique database that updates global changes in the value of cryptocurrencies, but also each of your moves. If you want to find out how it really works, visit this website.

We have to ask ourselves once again: is cryptocurrency the currency of the future and a better tomorrow? Have you already asked yourself is it even possible that something virtual and stored in virtual wallets can change the world in any way? Believe it or not, and in the continuation of this text, you will see how!

Where there is money, there are scams

Source: medium.com

This is well known to everyone. In this sense, cryptocurrencies are much more private and secure. Still, don’t immediately think that there is no fraud in cryptocurrency. Unfortunately, there are for sure. Since it’s all on internet platforms there is a high risk of hacker intrusions and various scams. Still, blockchain technology is constantly improving its protection and resistance to such unwanted actions. As uncertain as cryptocurrency may sound due to such intrusions and frauds, it is still much safer than your bank account and card transactions. Since the thing with cryptocurrencies is serious enough and that is a big stake, the technology on which it is located can bring you extra peace of mind because they record every transaction under a certain code. Every cryptocurrency owner has their own unique code that gives him privacy and security.

The lower the risk of fraud and embezzlement, the more beautiful the world is.

Greater chance for Crowdfund

You may not have had the opportunity to learn about Crowdfund’s alternative funding methods projects so far. It would be most simply presented as a platform for group financing, which is open not only to a small number of large investors but to the general public. So, smaller investments from a larger number of investors, who of course do not have to be professional. The smaller the investment is the risk for the investor is smaller as well. This is a great way to help and support good projects well; the existence of cryptocurrency only allowed Crowdfund to develop to an even higher level. Cryptocurrencies have a positive impact on this process, and startups and other projects have access to even more funds than they had before. In this way, cryptocurrency encourages growth and development and makes this world a much better place to live.

Transfer money without waiting and hassle

Source: cnbc.com

The classic way of transferring money, especially at the international level, very often gives us headaches. It can take several days for the money to reach the account to which it is directed. Would you like to for each transaction, whether international or national, you don’t have to wait any longer in a few minutes? Oh yes! With cryptocurrency, the transfer is just like that, instantaneous. With them do not exist checks and regulations that apply to traditional banking. Also, the transfer of cryptocurrencies has not required any compensation, and the blockchain allows you to have each transaction chronologically sorted by the transaction you performed.

Without the procedure, no waiting, everything is instantaneous and simple!

Strengthening e-commerce

E-commerce today is not a fad, but more of a necessity. Don’t waste time on transportation, parking, traffic jams, and waiting in lines at the cash register. You can also trade on weekends, holidays, and even late at night after an exhausting day. E-commerce simply respects your time. However, the downside of e-commerce is that it is not always safe and reliable. It is this segment of e-commerce security that is increasing with the use of cryptocurrency. And not only for the buyer but also for the seller. In addition to making their trading safer, cryptocurrencies allow you to shop around the world without any restrictions.

Goodbye to unstable currency

Source: foreignpolicy.com

Not all currencies in the world are stable. We are well aware of the concepts of inflation and other problems that lie ahead with changes in the currencies of individual countries. It is these countries that have felt the instability in currencies that can have only benefit when switching to cryptocurrencies. For economically unstable countries, cryptocurrency represents stability and security above all. They are decentralized, accepted almost all over the world, and on top of all, they are not subject to interest or exchange rates. Simple, the perfect solution that will really make the world a better place to live.

Although we have listed here a few facts that show how the world can be a more beautiful place to live with the help of cryptocurrency, however, don’t forget that every story has another side. Not every investment in ICO or cryptocurrencies is easy and without risk. On the contrary. For the average citizen, this can be a great trap that can cost him dearly. If you are thinking or have already decided to try by purchasing cryptocurrency, our suggestion is to be well informed and be sure to consult with someone financial expert. Very often things here can seem a lot simpler than they are. If you are confident in your knowledge and assessment, you have already consulted a qualified expert, then we wish you all the best in mining.

About Nina Smith