Why do more and more people use cryptocurrency?

[edmundo]

Actually, people are coming to terms with the massive benefits and use cases of cryptocurrency. It's speed, cheaper costs and much more secure systems has meant that people are moving away from traditional ways and methods of transactions. The flexibility cryptocurrencies and blockchain offers is much higher and less cumbersome than ancient practices. Also, cryptocurrency offers its adopters an opportunity for investments and this has proven to be another great reason as to why more people are turning to crypto.

[Piku]

Bitcoin can now be used to make many purchases around the world. The big marketplaces have approved Bitcoin. In other words, Bitcoin is accepted in big marketplaces. I have heard that bitcoin is used in alibaba.com, amazon, these markets. All the richest people in the world support bitcoin transactions. So Bitcoin is popular all over the world.

[Lanirex]

Seeing the great potential of this Cryptocurrency makes people fall in love with it, so that more and more people are using Cryptocurrency every day. They buy Cryptocurrency for profit, from trading and investing!  Cryptocurrency deserves to be owned, apart from the great potential to get daily profits, Cryptocurrency is also a modern and easy financial technology when compared to ordinary money.

[Alter]

It is because more and more people to be aware of the potential in crypto investment/trading. I think the news or issues related to crypto now is quite good because of experiencing the great improvement in price. Yep, during Covid-19 happened, the world economy is in crisis. But crypto looks good to improve and survive.

[debra]

Doesn't it seem that it is like the era has been changing? We all know the cryptocurrency is very worthy. However, there are also risks that we bet off. NOw, many people know about crypto because of this pandemic. And we can see the great progress of this.

[Thymoty]

Cryptocurrency in my opinion is one of the revolutionary inventions of this decade. With cryptocurrency people can transact safely and anonymously. Moreover, cryptocurrency can be used as an investment. Therefore, many people have started using cryptocurrency.

[tervel]

 Strong financial gains have spurred marketing and interest in the trend. Cryptocurrencies provide a whole new kind of value interchange. First of all, their supply and life-cycle can be digitally adjusted to fit the community's needs.

[hadi97bd]

People use cryptocurrency for its security because no one can't identity its senders and receivers and it has low transaction fees from other online payment gateway. 

[robert20]

The main reason people use crypto is that it is decentralized.But many the people using it for trading and earning money which is not the purpose that crypto was invented. People should start using it for the purpose it was invented not for earning only.

[Michael.sol]

Payment by crypto is easier as compare to make transcation by other methods . Still I believe that their is alot of user who know about trading , staking , bountys , airdops etc on daily basis.  Loveliness of Crypto market increased day by day as a result useage of crypto currency increase also .

[Callisto]

Of course, and that's great! After all, the popularity of cryptocurrency is growing, there are even ATMs where you can pay with cryptocurrency, this is a huge breakthrough in the crypto world!

[GREENch85]

One of the interesting thing in life is ability for people to accept new things life has to offer, but it's funny that some people found it difficult to accept new things that's why they remain at the same level every year.

Here everything is simple-either you adapt to modern trends or stay on the sidelines, and progress will rush by. I think that we were lucky to some extent, we joined crypto earlier than ordinary people

[emmybd]

Cryptocurrency has boomed to over 2.8 billion users since its recent invention. And with its arrival becoming apparent to more people, banks, stores, and schools are beginning to choose Cryptocurrency over their national currency or at least contemplating. Why is this phenomenon taking place?

There are a number of factors, detailed below, for you. First of all, the anonymity of the transactions has made the process really secure, for there are no middlemen involved or any centralized system holding anyone’s information. Speaking of transactions, these are made at an incredulous speed by being apt of making seven transactions per second, at max.

Another major benefit that may be reaped is the fact that no additional fees need to be paid as there is no bank or centralized body to transfer to another currency of another country. Since no middlemen or brokers are employed in crypto transactions, no investment banks are needed either. And payment is curtailed.

[Pitter]

The global economy is inevitably moving towards a digital eco-system. There are many reasons have used crypto .                                                                             
From investment to money transfer, everything is going paperless. The newest and most promising addition to the digital payment sector is cryptocurrency.
A cryptocurrency is a medium of exchange like normal currencies such as USD, but designed for the purpose of exchanging digital information. Cryptocurrency is defined by Investopedia.com as a decentralized “digital or virtual currency that uses cryptography for security” making it difficult to counterfeit. Since it is not issued by a central authority, governments can’t take it away from you.

[Rubel007]

When cryptocurrency is created, all confirmed transactions are stored in a public ledger. All identities of coin owners are encrypted to ensure the legitimacy of record keeping. Because the currency is decentralized, you own it. Neither government nor bank has any control over it.
The ledger ensures that all transactions between “digital wallets” can calculate an accurate balance. All transactions are checked to make sure that the coins used are owned by the current spender. This public ledger is also referred to as a “transaction blockchain”. Blockachain technology ensures secure digital transactions through encryption and “smart contracts” that make the entity virtually unhackable and void of fraud. With security like this, blockchain technology is poised to impact nearly every segment of our lives.