The digital currencies comes with some benefits that are too good to be ignored...some of them includes..
1... Low Fees
TheCryptocurrencies have the capability to actually support a very low transaction costs compared to the fiat currencies..
There are alot of public blockchains that charge very low fees for transactions, as very low as just few cents regardless of how huge the money that wants to be sent to another person..
Fot example the average transaction fee of Litecoin is less than $0.03
There are other blockchains that hage higher fees but the good thing is that there are solutions which are available on them to create a scalable transactions with a very minimal transaction fees..
There are even some blockchains that offers free transaction fee..
Another advantage of the digital money is that it offers..
2..An effective global remittance..
The digital money makes it easier to send money globally right from the comfort of your home or wherever you find yourself.... it makes it possible for you to send money to another person from any part of the world and they can receive the money as very fast as possible from wherever they are at the moment ...with just the Internet and a pc or mobile device then you are good to go..
Another benefit of the digital currencies is
3..The financial development/innovation..
The digital currencies have created the necessity of a developed blockchain technology that will continue to thrive , it has created an opportunity for various blockchain projects that have added and will continue to add values to the world as a whole..
An example of the growth that digital currencies are causing is the new generation of technology which is the “Web 3.0” , and amazing technology which is really moving at a fast pace and emerging to really change the economy globally..
The Web 3.0 is a beautiful technology which is creating different and new opportunities which will make the world a better place.. ..
4..Imvesting opportunities..
Another advantage of digital currencies is that it creates a kind of possibilities for people to invest on it and make money from the investment, e.g alot of people can now invest on various coins on the crypto market and be able to make cool rewards from their investments on the digital currencies...
There are more and more benefits of the digital currencies which are not even mentioned here , and it is evident that digital currencies are here to stay and they should be fully embraced..
Posted Using LeoFinance Beta