Isn’t the world of technology great? You can get your daily news, buy and sell things, chat and video conference with anyone and find your way around an unfamiliar neighborhood all with a smartphone or other handheld device. If you are already paying bills online or using an automated teller machine at your bank, then it won’t be much of a stretch to accept digital money into your world. In fact, that’s what cryptocurrencies are.
Here are tips on why you should use them:
1 – Easy To Use
You’ve probably already heard names such as Bitcoin, Ethereum and Squarestring.com These are all related to the digital money world of cryptocurrencies. And since the ‘coins’ you are using online are digital, they are easier to use for any kind of buying or selling transaction. You could go as far as to say that cryptocurrencies are safer to use than cash. In fact, we’ll just go ahead and say that for you. Bitcoins, as an example, are safer to use online than cash.
2 – More Useful Than Cash
Okay, here’s where it gets really interesting. Cryptocurrencies can be used in places where you can’t use regular money. You may be thinking that you can already do this with your debit or credit card but think about the main difference here. Debit and credit cards are issued by banking institutions. You need a bank account and good credit to get either of those. With cryptocurrencies you don’t and more and more retailers and individuals are accepting Bitcoins or Ethereum digital money these days. Not everyone accepts debit or credit cards for online purchases.
3 – Fast And Easy To Convert
Cryptocurrencies are lightning fast in conversion. In other words, you don’t need to wait for such things as currency exchange rates to get in the way of a transaction. Nor do you have those silly 24-hour clearance holds or other delays to deal with. A cryptocurrency is as good as cash only a lot better than cash. Plus, you can send them anywhere in the world direct to a seller. This eliminates third-parties from getting in the middle and earning a piece of the action through commissions or transaction fees.
One More Thing About Cryptocurrencies
Oddly enough, not everyone will accept the cryptocurrency that you may be using. In other words, maybe Bitcoin is not the digital money of choice with the retailer you are dealing with. This is why it is important to first verify the type of cryptocurrency accepted. The upside is that the variety of cryptocurrencies available makes it easy to convert one to another more accepted brand like Ethereum, as an example. Regardless, because more and more retailers are opening their businesses to accept digital money, you will be able to conduct any kind of business with them. It won’t be long before you can pay your rent, groceries and vehicle repairs with cryptocurrencies!