Cryptos are changing the financial world by offering a decentralised alternative to traditional banking systems. Unlike traditional money managed by banks and governments, cryptocurrencies use blockchain technology to ensure transactions are secure, transparent, and immutable (which means they cannot be reversed).
But cryptos aren't just about making payments. They also have the potential to help people who don't have access to banks, providing financial services to those who are unbanked or underbanked. This can make financial transactions more inclusive and accessible to everyone.
One exciting feature of crypto, is smart contracts. These are self-executing contracts with the terms directly written into the code. They automatically enforce the contract without needing a middleman, which can save time and money.