Cryptocurrencies: Real Money or a Fad?

2017 is the year of cryptocurrencies. Bitcoin jumped by a few thousand dollars and broke a record by crossing the $20,000 mark. Ethereum has more ether than ever. New currencies are emerging every day and people are buying them in a frenzy.

So, are these programming codes real money or a fad that will die down over time? Let’s review:

Save money

Have you ever sent money to someone through banking channels? Different banks have different protocols, but they all have one thing in common: they charge you for it. Yes, you can say that your bank gives you a few transaction fees per month, but it imposes other restrictions where you are forced to pay for certain services.

With digital currencies like Bitcoin and Ethereum, you still have to pay someone to transfer money, but the transaction “charges” you pay miners are much lower than what traditional banks offer you. .

Time savings

Sending cryptocurrency to anyone in any part of the world is as easy as writing…

Leave a Reply

Your email address will not be published. Required fields are marked *