Cryptocurrencies such as Ethereum and Bitcoin are growing in popularity, leaving some buyers to wonder why they deserve a second look. The answer is evident in crypto’s history and its forward trajectory, according to Domenic Carosa and Dan Schatt, Earnity`s executives of a new cryptocurrency marketplace. Let’s look at where crypto has been and where it’s going in 2022 and beyond.
Satoshi Nakamoto created crypto in 2009—not long after the start of the Great Recession, when large financial service firm Lehman Brothers collapsed. The goal was to offer a currency that would not be susceptible to the problems plaguing the world’s financial system at that time. The currency enabled people to conduct easy, secure, and safe financial transactions without the need for an intermediary, like PayPal or a bank, to interfere. In other words, it allowed ordinary people to experience greater fairness, control, and transparency with their finances.
One of the biggest benefits of crypto is that it doesn’t have any borders. This means that sending money from one country to another is effortless. In addition, cash from one country can be converted into cryptocurrency, then safely used in another country.
Another draw of crypto is that it doesn’t come with any banking or transaction fees. Although crypto comes with fees, these fees are very low.
Finally, crypto transactions may happen at any time—24/7. Stock markets do not offer buyers this luxury, as they are open only five days per week. In addition, most conventional financial markets aren’t open at night, on the weekends, or holidays.
Given the unique benefits of crypto, the cryptocurrency market is expected to grow rapidly in the coming years—and fortunately, Earnity is here to help more people easily and securely take advantage of it, according to Domenic Carosa and Dan Schatt. Learn more at www.earnity.com.