As cryptocurrency continues to gain traction worldwide, Earnity executives Dan Schatt and Domenic Carosa argue that it is essential to understand why crypto and decentralized finance (DeFi) are something worth getting into now. It is fair to acknowledge that the world is migrating to a digital ecosystem, and with it comes financial services such as fund transfers and crypto purchases.
Cryptocurrency is a medium of exchange developed for swapping digital information. Virtual or digital currency uses cryptography for security, making it nearly impossible to forge or replicate. One of the best reasons to start migrating to cryptocurrency is its fraud-proof nature. Verified transactions are saved in a public ledger when cryptocurrency is generated. Only the user has control over their cryptocurrency as it is decentralized. Neither banks nor the government has access and control over it.
How Crypto is Making Things Possible
Ease of use, accessibility, and instant settlement are possible through cryptocurrency and blockchain technologies. Blockchain gives crypto value. Global users can earn, sell, and trade cryptocurrency with a smart device and internet connection. Over two billion people worldwide have access to the internet but still lack formal requirements to own assets controlled or secured by centralized financial institutions. Global companies looking into reducing or eliminating transaction fees may use cryptocurrencies to pay their employees.
According to Earnity executives Dan Schatt and Domenic Carosa, the benefits of cryptocurrency outweigh its risks, such as volatility and infrastructure stability. However, decentralized finance is moving past skepticism a decade after it was first introduced. With a platform like Earnity, learning about cryptocurrency and blockchain technologies would be much easier and more convenient, even for those who encounter DeFi for the first time. Global users can earn, sell, and trade cryptocurrencies through the curated crypto marketplace while learning more about the advantages of decentralized finance.