Of late, crypto currencies are becoming increasingly popular. The crypto currencies are the digital currencies, which do not have physical form like traditional currencies like dollar and pound. The crypto currencies are available only in digital forms and those currencies can be transacted through the computer and internet only. There are many types of crypto currencies available and you can visit web world to know more details. Some of the popular crypto currencies are Bitcoin, Ethereum and Ripple. Among them, Ripple is currently very popular. Why should you invest money in crypto currency? What are the advantages of this currency? Keep reading this article to know the answers. As per the experts from lottoland the crypto currencies cannot be faked or counterfeited like the traditional currencies. They cannot be misused like credit cards too.
When you want to complete a monetary transaction, you need to involve third parties such as banks, lawyer, and notary, thereby causing delay in the settlement. Such delays do not happen when you are using crypto currency as it avoids the need of using any third party entity. The crypto currency helps you directly send the money to the concerned party with no involvement of middlemen. While traditional currencies demands for a transaction, there is no such fee with crypto currency. The transaction verification is done by minors, who are paid by the network. The chance of the theft with crypto currency is nil because of the “push” mechanism. In this mechanism, the sender only sends the money to the target party without any personal information. This is not the case with credit card transaction, where the sender information is also the party of the financial transaction.