There are four arguments in favor of cryptocurrencies:

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Pros and Cons of Cryptocurrencies for Achieving Financial Inclusion
Cryptocurrency offers low transaction costs and does not require traditional banking infrastructure, making it a convenient solution for non-bank clients. However, the use of this tool should be thoughtful. It is sri lanka telegram number database important to assess the financial goals and possible consequences of the investment.


Low fees. Cryptocurrency transactions have lower fees than traditional bank transfers, making them more attractive for sending money transfers. For example, one of the largest cryptocurrency transfers was for 101.8 thousand bitcoins. The fee was about 50 cents. Sberbank charges a 2% fee for the transfer, but no more than 1,500 rubles.
Transaction speed. Transfers are faster than standard transactions. For example, bank transfers abroad can take up to five business days. Cryptocurrency transactions take a few seconds to complete.
Security: Blockchain technology offers improved data security measures through encryption and decentralization.
Transparency: All transactions are recorded in a public ledger, increasing the transparency of operations.
However, it is worth considering the disadvantages of digital currency: