Article published on April 27, 2019 on NewIcoTelegraph.com
Cryptocurrencies payments provide many advantages than traditional payment techniques, as lower overall price, security, privacy and the ability to handle their own funds with no control of a central authority, as governments and banks.
Reasons to Begin Use Crypto
When money was king and financial institutions gave ample incentives to individuals who opted to place their cold hard cash into institutional coffers. Now, bank accounts using their credit and debit cards, have fees associated with them — money that goes down the drain and offers no advantage, never mind interest gained. In contrast, popular cryptocurrency payment gateways such as Bitpay and Coinpayments charge between 0.5 percent and 1 percent per trade. Generally, a cryptocurrency account in the form of a digital wallet is completely free and unless one chooses to invest in cryptocurrency hardware pockets or prepaid cards, aside from the transaction fee, using cryptocurrency as cash costs absolutely nothing.
Banks and credit institutions, in addition to retailers and service providers, obtain and keep too much of the clients’ personal and financial information. Details such as our name, address, companies, social security number, net worth, assets, investments, account balances, credit score, credit line, and trade history, together with everything we do and buy, which include our personal, professional and financial information collections. With conventional financial institutions and classic fiat currency, we can’t preserve our privacy.
Cryptocurrency transactions offer an alternative by restricting the amount of transaction information to mere numbers also called cryptocurrency wallet addresses and transaction IDs confirming a wallet-to-wallet transaction happened………..