For many who want to know how different crypto and cash are. We will explain easily.
For the first time, everyone knows that crypto is a digital currency.
That means we can’t handle it like cash that we can just walk to the ATM. But that’s not the first difference between crypto and cash.
Cash As everyone knows, we can normally spend cash on a daily basis. Whether it is banknotes or coins in this section, I probably already know each other
Crypto If anyone understands that crypto is just an investment, think again. Because in restaurants, hotels, cafes, or nightlife Where we travel, we can now pay with crypto !! The method is the same as when we go to the restaurant and transfer money to pay for the food. And it didn’t take as long as many people think Try reading from this thread >> Travel with Bitcoin 2020
2.International money transfer
Cash, many people probably used to transfer money abroad. The step is that we need to have the Swift code of the bank that we will transfer to. And the transfer fee is quite high Plus many steps in the transfer Which will be an hour to request the price, if really hurry to use it may not be in time
Crypto can use wallet addresses for transfers. That’s it. It’s easy. You can do it 24 hours a day. The fee is inexpensive. Try reading more >> International money transfer To be more advanced than ever Cryptocurrency
Cash Centralized is regulated by the country’s central bank. If the global network goes down, everyone who is connected will not be able to enter the system.
Crypto Decentralized Make financial transactions without financial institutions to support or control But use the blockchain to manage There is no reduction in costs. And do not waste time in the process.
This is only one part. We just want everyone to learn more about how crypto is an investment. Its capabilities are still more than that. It is not surprising that many people think Crypto can become a future currency.