The Pros and Cons of Cryptocurrencies
Pros of Cryptocurrencies: Lack of Control or Manipulation : Since there are no third parties such as government, banks or financial institutions involved, this eliminates the possibility of control or manipulation. There is transparency and it’s free from the vying eyes of third parties. Ease of Fund Transfer: Transaction in Crypto is fast as lighting speed as compared to traditional currency . As there are no throwing parties, there are less hurdles to cross. Potential for Quick Gain : Rafael Oliveira said that the Crypto market has skyrocketed at an all time high and there are a lot of coins to invest in today. As the supply from miners increases, the demand for it increases as well which boosts the value. Hence, an increase in value and return. Promote Cross-Border Money Transfer: Cross-border transaction has been made easy, thanks to cryptocurrency. Cryptocurrency can be easily converted to US dollars, Indian Rupee, European Euro and many more. The fiat currency can be easily...
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