Apart from being a digital asset and a short or long term investment. What are the benefits of crypto for you everyday, do you use to transact in general.
Thanks,
Cryptocurrency has been more of a benefit in areas where traditional fiat has failed, although I still use both due to the acceptance factor that is still very much in place in my country. Here are a few benefits which I will also explain:
Decentralization,
Uptrend (price increase), and the Ability to be
swapped with ease.
Decentralization: the absence of middlemen is quite interesting as transactions aren't limited to any part of the world. Certain payment services are restricted to certain countries due to reasons that seem right in the eyes of the company in charge, restricting every transaction involving those countries from other countries that use it. Cryptocurrency has, of course, broken that barrier, as one doesn't have to go to the bank and write a letter explaining why he/she is making a transfer to a country overseas.
Uptrend: for me, is the best beneficial factor. When the price of any project is doing well, I can easily cash out a decent amount and use it for something important, knowing fully well that my investment is still intact for the moment. The ability to appreciate shows a great benefit.
Ability to be swapped: unlike going to the bank to swap for another currency, cryptocurrencies and their kinds can be swapped for one another at any point in time.