in Your Everyday Life
Most of us have wondered at first: “Why is cryptocurrency even a thing? What is the difference between numbers in a bank account versus numbers on a crypto wallet?”
Banking still relies on technology built in the 1970s, and plain old paper trails. Why should we wait days for deposits and withdraws to clear, wire transfers to be sent, and cashier checks to be printed and mailed, when we can email someone around the world in 5 seconds? Finally, institutional banking and government is catching onto that the answer to that problem is cryptocurrencies based on blockchain technology.