5 Reasons why you should start using cryptocurrency

Everything in this world is being digitized, whether it is documents, study, work, or even money. The global economy is rapidly adopting a digital ecosystem. One of the most promising additions to the digital payment sector is Cryptocurrency. It is not the newest one but it is one of the most attractive digital currencies.

Cryptocurrency is the decentralized digital currency that utilizes cryptography for security and due to it, cryptocurrency is fraud-proof. Additionally, the government has no control over it because it is not issued by any central authority or government-controlled financial institutions.

With all the benefits cryptocurrency has been making news headlines on a daily basis and now people are curious about it. However, if you are still not fully aware of cryptocurrency and concerned about its use then here are 5 reasons why you should go for cryptocurrency.

You are the owner

The cryptocurrency was created with the sole aim that the owner will have control of their currency in their own hand. There is no other electronic system in which your account is owned by you. You are able to control how you spend your money without having to deal with an intermediary authority such as a bank or government. Additionally, digital currency such as cryptocurrency allows the user better autonomy over their fund compared to fiat currency. It also does not require a traditional banking system or payment methods to process your transaction, it is a decentralized currency.

Fraud Proof

After the creation of cryptocurrency, details of all confirmed transactions are stored in a public ledger, and the identities of the coin holders are encrypted. The purpose to do that is to ensure the legitimacy of record keeping. Due to the peer-to-peer process, no mediators, and no involvement of government and financial institutions, cryptocurrency is fraud-proof. It is decentralized thus the owner will have control over it. Additionally, all the records are publicly available, and almost impossible to breach the security and make changes in records. Above it, Cryptography makes it hard to counterfeit.

Identity Theft

Identity theft is a serious issue with the traditional banking system but not with cryptocurrency. The ledger also ensures that all transactions between digital wallets can calculate an accurate balance. Cryptocurrency is far safer compared to traditional payment methods. It is also because cryptocurrencies work more like cash, you send the payment to an address, and the owner of the address will receive the payment directly. There are no mediators thus it automatically eliminates the risk of Identity theft. If someone wants to spend money, they’d have to steal the money itself, not your identity.

Instant Settlement

As stated above, there are no mediators such as financial institutions or third party websites involved in the transaction process, thus everything will be instant. Whether you are sending, receiving, exchanging, making payments, buying cryptocurrencies, or selling cryptocurrencies there will be minor to no delay.

Additionally, as stated above when you transfer payment to an address, the owner of the address will directly receive the payment in their wallet. The transactions will take place instantly and this process will make transactions faster and safer.

Accessible

There are a total of 5.2 billion smartphone users in the world but a large part of the population doesn’t have access to traditional banking or exchange systems. Cryptocurrency is bringing the revolution in the banking system by making itself accessible to everyone. All you need is a smart device, an internet connection, and immediately you become your own bank paying and transferring money. You will also have access to the exchange market with cryptocurrencies.

Are you ready to join the future of the digital economy? If yes, you will find PowerCorp interesting. Power Corp with its own cryptocurrency Power Coin (PKoin) has invented a platform that is combining blockchain technology and cryptocurrency to create financial liquidity.

Power Corp is launched with an aim to build a better exchange of value system. Power Coin or PKoin is a digital asset well-supported by a hybrid stable coin that will protect investors against vaporisation in the cryptocurrency marketplace. Check the official website https://www.powercorp.us to know more and to experience the future of digital currency.