Crypto Currency Sinhala Tutorials

Cryptocurrency Tutorials Sinhala

Why You should Learn about Cryptocurrency

Paper money, coins, credit cards, and digital wallets like Apple Pay, Amazon Pay, Paytm, PayPal, and so on are all examples of modern money. Because banks and governments control everything, there is a single regulatory body that sets restrictions on how credit cards and paper money can be used.

There will be a clash between regulation and anonymity in the future. Governments would want to control how cryptocurrencies operate because a number of them have been associated with terrorist activities. The major goal of cryptocurrencies, on the other hand, is to guarantee user anonymity.

In contrast to, for instance, the price for transferring money from a digital wallet to a bank account, the transaction cost for cryptocurrencies is minimal to nonexistent. There are no time restrictions on transactions, and both purchases and withdrawals are unlimited. Additionally, anyone can use cryptocurrencies, unlike opening a bank account, which necessitates papers and other documentation.

By 2030, according to futurists, cryptocurrencies will account for 25% of all national currencies, which means that a sizable portion of the global population will begin to trust cryptocurrencies as a means of payment. It will continue to have a volatile nature, which means prices will fluctuate as they have for the past few years, and it will be more and more accepted by businesses and customers.

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