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5 ways that crypto is changing our world

Cryptocurrency is a one-of-a-kind peer-to-peer currency with tremendous potential to change things that we’re all used to. Let’s take a quick peek at the global/worldwide changes cryptocurrency is involved in.

Bitcoin and the world

At Exeno, the first crypto-only online store with direct payments in BTC, ETH, BTCV and USDT, we’re at the epicentre of crypto development. What will our future look like with the more frequent and broader use of cryptocurrencies? It’s high time we found out. 

Swifter and more secure international transactions

Thanks to blockchain technology, the cryptocurrency base, businesses can embrace faster and more secure transactions. Crypto transfers (for example, BTC) can be made within 10 minutes, which is the average time for a new block containing information on your transaction, to be linked to a blockchain. This time frame isn’t affected by your location, time zone, or time of the day. Crypto also eliminates transaction and exchange fees that account for a huge part of companies’ expenditure. 

Plus cryptocurrency is immune to hacker attacks (hacker-proof) thanks to decentralized data storage. To tamper with a blockchain, a hacker needs to change the majority of blocks with transaction information, on all the computers possessing this information.

Direct communication between creators and their fans 

A lot of creators currently perceive NFTs, digital assets linked to real objects like music, art, videos, GIFs based on the Ethereum blockchain, as a way to sell their creations directly to their fans. NFT technology allows artists to rule out middlemen like studios, publishers, or producers by paying only for NFT creation and nothing more. It’s highly probable that famous creators will stick to NFTs as many of them see their advantages and potential.

E-commerce benefits from crypto

Cryptocurrency transactions are perfect for online shopping: they’re fast, all the information about the transactions is visible and transparent, and since there are no borders for crypto it doesn’t matter where the seller or buyer are situated. On Exeno, you can buy/shop with direct crypto payments in BTC, ETH, BTCV and USDT for a wide range of products. We opt for crypto because it’s safe and convenient and with our no-FIAT-conversion approach, it also proves beneficial to our customers. 

People exercise total control over their money and data

There are no intermediaries in crypto transactions. Thus, parties don’t have to worry about any troubles with banking procedures or operations, the likes of unpredictable transaction cancellations or money transfer restrictions. Crypto transactions are completely anonymous: you won’t be required to disclose any sensitive data, and all the transactions made are transparent and traceable. For instance, the Exeno store asks you to provide only your name, phone number, e-mail, and delivery address. These crypto properties will be more appreciated/valued in the future, where people will be even more anxious about their personal data.

Crypto is a more stable currency for some countries

Countries with unstable political situations and high inflation rates are now eager to use crypto for purchasing products and storing their assets. For example, cryptocurrency is extremely popular in Latin American countries, where their national currencies tend to be volatile. 

Widespread crypto adoption shows/reflects a world’s strong desire to make cryptocurrency a regular part of life. This attitude will pave the way for a more technologically advanced future. And if you want to enjoy this futuristic experience, you can always #BuyByCrypto on Exeno.com.

External sources:

https://www.urdesignmag.com/technology/2020/11/09/five-ways-that-cryptocurrencies-are-changing-the-world-we-live-in/

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