You are viewing a single comment's thread from:

RE: Deutsche: "If Trust In Monetary & Political Stability Were Lost, People Would Turn To Cryptocurrencies"

in #deutsche7 years ago

The most significant advantage of the Cryptocurrency from the real parities is that it is not affected by the economic situation of any country since it is not connected to the central bank of any country. It is also not a question of whether a cryptocurrency account is frozen or confiscated because it is not known to whom it belongs and is not monitored and monitored by a central authority. The fact that the confidentiality of identity information is not under the control of an authority makes the system open for any kind of illegal financial transfer.

Let's say you are going to make a payment and you want to do it with someone from CryptoCurrency. First you need to create a virtual wallet for the relevant CryptoCurrency. It is very important to encrypt the wallet because if it is not encrypted, it can become a wallet open to theft. After this step, it is now possible to send and receive CryptoCurrency. After completing these necessary steps and creating the virtual wallet, you can purchase this virtual money from one of the internet sites selling CryptoCurrency and place it in your virtual wallet and pay in this wallet. When you make such a payment, you can not track who, when, and how much you pay. In a similar way, if someone else pays you in this way, it can not be followed.

The use of CryptoCurrency is becoming increasingly widespread despite the fact that governments are approaching the cold due to the fact that they have established infrastructure for land money.