What are the advantages of crypto over traditional currencies?

3 answers

• May 16, 2022 · 3 years ago
  One of the main advantages of cryptocurrencies over traditional currencies is decentralization. Unlike traditional currencies that are controlled by central banks and governments, cryptocurrencies operate on a decentralized network of computers called blockchain. This means that no single entity has control over the currency, making it more resistant to censorship and manipulation.
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• May 16, 2022 · 3 years ago
  Another advantage of cryptocurrencies is the potential for lower transaction fees. Traditional banking systems often charge high fees for international transfers or cross-border transactions. With cryptocurrencies, transactions can be conducted directly between parties without the need for intermediaries, resulting in lower fees and faster processing times.
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• May 16, 2022 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, believes that one of the key advantages of crypto is its potential for financial inclusion. Cryptocurrencies have the potential to provide financial services to the unbanked and underbanked populations, who may not have access to traditional banking services. This can help empower individuals and communities by giving them control over their own finances.
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