“Cryptocurrency gives an edge to the customers” statement is true and completely satisfied due to its amazing advantages. There is a question in people’s mind before using the cryptocurrency is that why cryptocurrency is better than the other conventional currency? Yes, it is actually better than the other conventional modes of payments. There are several reasons to prove this question which are outlined below-
There is absolutely no chance of fraud for the people who are using the cryptocurrency instead of the credit or debit cards or other traditional modes of payment. As thus currency is the digital currency and there is actually no chance of fraud because neither the money can be transferred to wrong person nor the money can be reversed. It will directly go the place on which it is needed to go and people are sure that mine cryptocurrency is on the go.
Identity theft –
Identity theft is only possible in the cases where the person gives their personal information. So there is no chance of identity theft with the cryptocurrency because there is no need of the extra personal information while using the cryptocurrency. On the other hand, person have to give a huge personal information while using credit cards even for the smaller transactions and the credit lines have all the personal information of the person who has got the transactions done. But it can not happen in the case of cryptocurrency because there is actually no need of personal information and identity theft can be avoided.
Easy accessibility –
The use of cryptocurrency is easily accessible and the person can use it and make the transactions at any corner of the world. But these is only one requirement without which one can never get access to the cryptographic wallet and the transactions can not be made possible and that one thing is internet or broadband connection. According to a survey, it is believed that 1 out of 10 people is using the cryptographic wallet and making the transactions without any worry.
So all the above point completely satisfy the fact that the cryptocurrency is much better than the credit cards, debit cards or other traditional methods.