Here are *5 key advantages of cryptocurrency over traditional (fiat) money*,
1. *Decentralization*
Cryptocurrencies like Bitcoin are not controlled by any central authority or government. This reduces the risk of manipulation, inflation through over-printing, or policy-based devaluation. It empowers users with more control over their money.
2. *Lower Transaction Costs*
International transfers through banks or remittance services can be expensive and slow. Crypto transactions often have *lower fees* and process *much faster*, especially for cross-border payments.
3. *Transparency and Security*
Blockchain technology ensures that all transactions are *publicly recorded* and *immutable*. Once confirmed, a transaction cannot be changed, making fraud extremely difficult.
4. *Financial Inclusion*
Cryptocurrencies provide access to financial services for the *unbanked population*. People without access to banks can use crypto wallets on mobile phones to send, receive, and store money.
5. *Inflation Resistance*
Many cryptocurrencies (like Bitcoin) have a *limited supply*, unlike fiat currencies which can be printed in unlimited quantities. This fixed supply can protect against inflation and preserve long-term value.