Can we rely on Cryptocurrencies like Bitcoin ?
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Cryptocurrencies make peer-to-peer financial transactions a lot easier. This currency can be sent from any part of the world to any part of the world.
what is cryptocurrency ?
There will be no sense of security. We cannot sleep peacefully because the cryptocurrency’s value keeps on fluctuating.
cryptocurrency prices
One of the top economies of the world, Japan officially recognizes Bitcoin as a currency.
Top Economies
There is no governing body. If the cryptocurrency is hacked, no one will take the responsibility to repay our money.
Safety
A cashless economy made financial transactions much easier. Hence, there is no need for cryptocurrencies.
Easier Life
While traveling the world, there will be no hurdle of exchanging our currencies with local currencies.
Currencies=Bitcoin
These transactions can be verified. Each coin is assigned a unique number.
Unique Number
With cryptocurrency, middlemen like banks will be eliminated, hence there will be no loss to us in financial transactions.
No Loss
Many cryptocurrencies came to the market after the invention of bitcoins. New cryptocurrencies may decrease the demand for earlier cryptocurrencies.
New Cryptocurrencies
Ransomware hackers demand their payment through bitcoins because it protects the identity of the person in financial transactions
Hackers
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Ananya Rajput