In the past decade, cryptocurrency has grown significantly popular, but there are still many investors and consumers who are wondering what all the commotion behind it is about.
To empower our readers with the proper knowledge on cryptocurrency, here are some of the positive aspects that come with crypto.
Fast Paced and Easy Transactions
If you want to send someone money in the US, you can move assets or money from one account to the other in a much faster way through cryptocurrency. Once the transaction has been confirmed by the network, it is fully settled and funds become available for use.
Some cryptocurrencies like Bitcoin, Ethereum, and Litecoin can be bought with cast at a Bitcoin ATM. You can buy them via using cash and then sending those coins to your phone – which is a huge benefit for people who lack access to a traditional financial system.
Security
Without a private key to your crypto wallet, no one can sign in to your transactions or access your funds. Plus, transactions tend to be secured by the blockchain system, including the distributed network of computers that verifies transactions. And as more computing power is added to the network, the more secure it becomes.
Privacy
A level of privacy is maintained with cryptocurrency as you do not have to register for an account at the financial institution to transact with cryptocurrency. Additionally, transactions are pseudonymous – which means that you have to have an identifier on the blockchain (your wallet address) but it does not include any specific information related to you.
Inflation Protection
Various cryptocurrencies offer protection against inflation. For example, if the money supply outpaces the growth of Bitcoin supply, then the price of Bitcoin will increase simultaneously. Plus, there are numerous cryptocurrencies that use a variety of mechanisms to cap supply and then act as a hedge against inflation.
You can learn more about cryptocurrencies and how you can invest in them through Lapoyama, which serves as one of the best blockchain payment networks for users around the world.
The company was founded by Dilip Mooparakath in 2012 and since the beginning, Lapoyoma was designed to offer tokens for everyday grocery stores, gas station shoppers, and more – excluding the mediation of third parties.
Lapoyoma has an internal payment stable coin called “YAM” and with their FYBN app, it has become a retailers first sales tool that gives accurate value of business based on the last 3 months trailing averages of inside sales. Another interesting aspect about the company is that it leverages blockchain technology and around 4% of every transaction is directed into a Buyback Wallet – allowing customers to win a reward for every purchase.
Furthermore, in 2022, Lapoyoma launched the YAM Funds project that was made to finance the activities of small business owners who had planned to integrate their companies within the decentralised payment infrastructure of Lapoyoma – thus, permitting users to get interest-free loans for CStore and Gasoline Station companies.