The cryptocurrencies are a decentralized way of holding stores of value that can be used as a medium of exchange for transactions of goods and services, as well as sending foreign currency to other countries. These do not exist physically nor are they controlled by any country.
The best known of the cryptocurrencies is the bitcoin. Its price varies constantly without an organism —such as a bank or Government— inspecting it; it is only guided by the market.
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Paulo Parra, Country Manager of the Satoshi Tango platform, affirms that although they are risk reserves, give the possibility of having a investment horizon. “A few years ago, bitcoin was trading at $ 3,000; today it is priced at up to 64,000 dollars and in the future it may cost more ”.
Advantages of cryptocurrencies
According to Matías Bari, CEO of Satoshi Tango, bitcoins they are not to get rich quick, but they are a type of currencies that give many advantages if you invest in them. In addition, he notes that they solve problems that fiat money could not.
The first advantage you mention is the international transfers to anyone anywhere in the world quickly, safely and easily. Bari recommends buying Stablecoins for these cases and sending them to the recipient, who will be able to receive and exchange them to the type of currency they prefer in the destination country.
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On the other hand, he points out that cryptocurrencies are a lot easier to track and less anonymous than cash. To use them, identity and personal information can be preserved. Also, the commissions and surcharges are much cheaper than in other traditional media.
Satoshi Tango CEO claims that cryptocurrencies are stored in a digital wallet both on a cell phone or a computer with private keys. It states that they are very safe since the user can have their money in different places as backup copies. “If someone steals your computer, you can have your money on other devices,” he highlights.
In addition, the expert invites users to buy bitcoin and other cryptocurrencies through the Satochi Tango web platform, a secure initiative where not only can you buy coins, but also recharge the balance of cell phones, buy gift cards and other transactions through cryptocurrencies.
Kingston is an accomplished author and journalist, known for his in-depth and engaging writing on sports. He currently works as a writer at 247 News Agency, where he has established himself as a respected voice in the sports industry.
