The media never seems to stop discussing crypto coins. Many people start wondering if investing in crypto is a good idea. Today, we’re going to prove to you that it actually is.
- Increased crypto acceptance
When Bitcoin was first introduced to the world in 2009, people in the traditional financial industry didn’t understand what it was. They were afraid of Bitcoin and were quick to call it a fraud. These assumptions increased after the Bitcoin Billionaire drastically rose. Nowadays, as there are almost 26 million crypto-asset owners, financial institutions, as well as individuals are already warming up to the idea of crypto coins. Some of the TOP cryptocurrencies such as Bitcoin, Bytom and Ripple are rapidly gaining mainstream adoption. Moreover, Ripple is already said to replace SWIFT (Society for Worldwide International Financial Telecommunication) network for international transactions.
One of the key components of most crypto coins is decentralization. These assets are not controlled by any authority instead they are governed by everyone in the system. This means that no one can maddle your personal transactions. This isn’t the case with traditional banks that possess all of your personal information and track your transfers.
The number of almost every crypto-asset is finite. When Satoshi Nakamoto created Bitcoin, he created only 21 million of them. Currently, more than 17 million of them are in circulation. This makes crypto coins immune to inflation as more coins can’t be created. Because of this, cryptocurrencies are widely used in countries where hyperinflation is present.
Crypto transactions have been known to be superior to bank transfers for some time now. Firstly, when it comes to international transfers crypto-assets are much faster and in some cases even instantaneous. On the other hand, the fees are much cheaper. Crypto transactions are also irreversible.
Crypto coins are much harder to steal than any other type of money….