Gradually the world is turning into a crypto world, most youths no longer value banks, I can never recollect the last time I visited a bank because my wallet is much more saver than my bank, crypto is taking over our world now. Youths are no longer playing again, crypto has come to better our lives in a positive way, we no longer depend on our local banks for saving again, and it has reduced the rate of poverty in the world today.
Let's talk about the advantages of crypto-driven world
Financial Freedom: People are empowered by having more control over their funds thanks to decentralized currencies like Bitcoin and the rest, which function without central oversight. We can make transactions anytime we want, it could be in the middle of the night, we are entitled to our own opinion when it comes to crypto, but in the banking system, we may encounter some delays, and also crypto could lessen financial transaction restrictions and government powers over our funds.
Transparency and Security: Blockchain technology supports cryptocurrencies, which provide safe and transparent transactions. By enabling an unchangeable record of every transaction, this technology lowers the possibility of fraud and corruption. People often complain about our normal banking system, it is so annoying that I lost my money some months ago and I decided to stop using a bank for now, I deposited some amount of money into my bank account and the next thing I saw was a debit alert on my phone, I was so furious that I headed to the bank, the money was deducted without no tangible reason and not traceable, but since I have been dealing in crypto nothing of such has ever happen to me.
THIS PICTURE IS MINE
Efficiency: Global trade and transfers can be facilitated by cross-border transactions, which can be quicker and less expensive than traditional banking systems. It is very easy to send coins to one another without stress or delay but using our local banks it may take up to seven working days if there is a network issue, people prefer crypto transactions to go to banks.
One thing I used to tell my people about crypto is that if you do not have the mind do not bother to join, there are some challenges we can encounter, for instance, there was a time our government banned using of Binance in our country, this issue was huge that some people lost their funds, our government is not in support of anything called crypto because they believe some people are using the opportunity to defraud others which is never true and our banks are no longer active than they used to be.
Opinion, I support the crypto world more than our local banks, they can never meet up with people's targets anymore, and people now prioritize the safety of their funds and always account for it, though we still have some good banks out there but I wasn't lucky with using of banks at all, my wallet is my bank.
This is my response to today's episode of the hive-learners community prompt of #hl-w156e03 which the topic is tagged CRYPTO ALONE
