What are Cryptocurrencies?
Cryptocurrency, or crypto, are digital tokens that function as digital currencies that exist. only in digital form. The use of encryption technologies that create them means that cryptocurrencies function both as a currency and as a virtual accounting system. They are a type of digital currency that allows people to make payments directly to each other through an online system.
Unlike traditional money printed only by the government, several companies sell cryptocurrency. Cryptocurrencies are decentralized, ( not issued by a central authority) and instead exist on a network of computers that use blockchain technology. This makes cryptocurrencies theoretically immune to government manipulation and nearly impossible to counterfeit.
Cryptocurrencies have no legislated or intrinsic value; they are simply worth what people are willing to pay for them in the market. However, “Stable” cryptocurrencies keep their value when bought, sold, or traded. For example, one dollar in “stable” crypto denominated in USD will always be one dollar. The value of other types of crypto – such as Bitcoin or Ethereum for example - vary according to supply and demand.
To use cryptocurrencies, you need a cryptocurrency wallet.{link to page on Wallet}
We exist to help you:
Use stable crypto currency to send funds to family and friends in a foreign country, and/or
Pay foreign suppliers for goods and/or services you wish to import.
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