Crypto currency is a digital or virtual form of currency that uses technology called blockchain for secure financial transactions .The most well known crypto currency is Bitcoin but there are many others.
Advantages of crypto currency include;
1)Decentralization;this incudes blockchain technology which means there are not controlled by any central authority like banks or governments so there will bee greater transparency,security,and reduces the risk of fraud or manipulation.
2)More secure.It is extremely difficult for hackers to manipulate transactions since crypto currencies use cryptographic techniques to secure transactions and create new units.
3)Global accessibility.Individuals from all over the world can participate in crypto currency so long as there is an internet connection.
4)Lower transaction fees .Transactions are cost effective especially for international transfers.
5)Speed and efficiency .Crypto currency transactions can be processed quickly compared to traditional banking systems.
6)Potential for investment.Crypto currency have gained popularity as investment assets .Its actually as store of value.