Future of Cryptocurrency and Benefits
Salient Benefits of Cryptocurrency:
Recognised Worldwide (Access to everyone) :Cryptocurrency is accepted worldwide and it is not dependent on exchange rates, interest rates, transaction charges or any kind of other charges of any country. As the cryptocurrency facilitates at the universal level, transactions have become prompt and easy.
No chances of Loss(Governments can’t take it away): Cryptocurrency is agreed upon by the two people or institutions involved in the transactions by their mutual consent, therefore no risk of loss of anyone. Cryptocurrencies are beneficial for all business owners.
Transferred Instantly ( Immediate Settlement): Cryptocurrencies transfer faster than any other form of currency! This prevents an undesirable loss that acquired by any business owner due to delay in money transfer.
Confidential (No Identify theft):Cryptocurrencies don’t allow the personal information of the business owners to become public. As the signs or codes are used in the transactions associated with cryptocurrencies, there is no any possibility of leakage of personal information.
Secure(No fraudulence): Cryptocurrency is a secure and safe digital currency.
Lower in Fees : Transaction charge is very less in comparison with other financial institutions like banks.
Future of Cryptocurrency
Financial analysts are divided in predicting the future of cryptocurrency. Some analysts point of view about cryptocurrency will disappear as the volatile nature of bitcoin prevents investors to invest in bitcoin and from some governments thinks digital currencies present potential risk to the economy of developing countries because it enable people to move large amount of capital in and out of country, while other analyst that favours cryptocurrency says it is the future money as it can provide greater liquidity and stability than bitcoin.
Everything is changing into digital form, why not money?