Along with natural diggers, gold rush drawn various scum, and the new phenomenon of electronic monies brings several groups of cheaters. By definition, behaving outside all authorities and comparatively anonymously, cryptocurrencies opened up opportunities for them they couldn’t even dream about.
The protocol has been open source, everybody can conduct their own money, make hype about it, then evaporate. You can choose crypto marketing services via https://applicature.com/services/blockchain-development/decentralized-applications/
Payments made using cryptocurrencies have many advantages, and it would be hard to look for such in conventional money. They guarantee the possibility of relatively quick payment to any place in the world – without delays during holidays and without any limits.
Therefore, they enable greater control over their funds than, for example, traditional transfers or international money transfer services. In comparison to a traditional bank transfer, in *decent* cryptocurrencies, the concept of a trusted third party is limited.
Unless the user uses an exchange, which is not recommended due to their centralization, they should be relatively safe and in control of their funds. Therefore, it is not necessary to use banking institutions and legacy financial sector.
The rules governing the system are stored in a computer code and it does become a “law” (code is law). It is possible to change it, but sometimes it is very difficult – it requires the community’s consensus. But that’s a good thing – it brings the benefit of the strict limitations and no one party controls the system.
Due to the lack of intermediaries (banks), in most cases you can count on much lower transaction fees.