Crypto is a broad term that could refer to any technology that uses blockchains, the distributed ledger systems that power cryptocurrencies like Bitcoin. But it’s usually used to describe cryptocurrencies themselves and related technologies such as non-fungible tokens (NFTs), decentralized finance (DeFi) platforms and more. The growth of crypto has led to billions of dollars in transactions taking place in a largely unregulated sector, raising concerns about fraud and other risks.
But it also has opened up unique opportunities for financial freedom around the world, particularly for those who don’t live in countries with stable currencies or where government controls are strict. For example, because digital currencies don’t have any central authority that can manipulate them, they can be transferred relatively quickly and easily, and even across borders, without the need for a bank to approve the transaction or charge a fee. And because crypto represents permanent, irrefutable record
Many of these potential benefits are still hypothetical, but the appeal of crypto is clear to anyone who watches the prices of major cryptocurrencies rise and fall. Crypto is a global market that operates 24/7 and offers limitless possibilities for people to transfer value with little friction or cost. That’s why it’s popular with investors seeking a safe and secure store of value, with the potential to deliver big returns. And its decentralized nature means it’s available to anyone with a computer and an i