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What are the benefits of using cryptocurrency and crypto assets?
AINOMUGISHA BARRY
There are various benefits of using Cryptocurrencies since crypto assets can be used both as an investment and a payment system. For example, Bitcoin is the most renown crypto and it is also the most valuable digital asset. It can be used as an investment asset for income/profit accumulation and as a payment model for daily transactions. The other benefits include exclusion of intermediaries from financial transactions such as banks and thus low transaction costs, security and privacy in transactions on the blockchain. Notably, crypto assets grow in value owing to the market trends and principles of demand and supply which means that the holder of any assets is likely to accumulate gains from the use of crypto.
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