Crypto Banking – The Decentralized Platform to make your transaction Secure.
Hey everyone, I am here with a new topic.
Alright, lets step into the topic,
ok fine, I hope everyone knows about cryptocurrency, yeah you can also scold me like hey man how can anyone be without knowing cryptocurrency!
Ok if you know all about cryptocurrency is well and good but do you know about a crypto bank?
If not here you caught, ok don’t worry I will let you know.
Usually, we all know about fiat currency, how it is minted and distributed with the help of the centralized bank.
Likewise, the purpose of bitcoin and fiat currency are the same but with dissimilarities like,
Here the cryptocurrency like bitcoin is a Decentralized Cryptocurrency which is in the sense, there won't be any central authority to monitor the flow.
But here we have more advantages like the transaction is fast and secure with minimum transaction fees.
Here you can have both private accounts as well as business account like that of a centralized bank. You can also secure all of your data linking with your identity by the way of KYC procedures.
The beauty of crypto bank is that when normal bank shuts its operation the bank will not be responsible for your money but, in case of a crypto bank, there won't be any chances to lose your fund, because which is completely under users control.
Nowadays crypto payments are more acceptable hence, every business peoples started to implement payments gateway to do the transaction in all over the world.
Finally, the Advantages of Crypto banks are:
Fast and Secured,
No regulatory Burden,
No limits to a transaction.
Finally, I hope, have given you some useful information, am I?