Cryptocurrencies

  • “Crypto” is a digital currency with a capped supply.
  • It uses cryptography – the process of converting legible information into an almost uncrackable mathematical code to track transactions.
  • It is a decentralised financial system and is not controlled by any one person or organisation and has no physical location.
  • Send and receive money instantly, globally, 24/7.
  • No middle man so fees are nil or low (compared to banks and credit card fees.)
  • ALL digital currency can be exchanged without banks.
  • Transactions don’t need personal information – protecting against identity theft.
  • Also referred to as “Alt” coins (Alternative.)
  • Mainly anonymous as you can transfer funds without giving any personally information – just your unique crypto digital address.
  • Payments are irreversible and secure – merchants don’t have to worry about the cost of fraud.
  • Bitcoin was the first “crypto” and still the best known.
  • Now more than 1,300 cryptocurrencies.
  • In Nov 2017 the Crypto market was valued at $300+ Billion
  • It is a REAL alternative form of worldwide currency.

* DISRUPTIVE     * GAME-CHANGING   * WORLD-ENRICHING

ADVANTAGES

  • Borderless – true global economy.
  • Fast and cheap transactions – as no middleman.
  • Built-in security and it is incorruptible.
  • Durable (old/damaged fiat currency gets taken out of circulation and needs replacing.)
  • Portable and convenient.
  • Provides a level playing field as a peer–to-peer payment system.