Cryptocurrency and blockchain technology is cheaper and neater in matters of office organization.
It is safe since episodes of hacking, stealing of bitcoin, and even bankruptcy of exchanges and wallet providers have occurred, but less frequently over time. Traders are safe from cyber security.
Cryptocurrencies can be very volatile. It is a very speculative investment. And itâs not guaranteed by a central bank or backed by a government. Investors are totally on their own.
Itâs cheaper than many conventional options for remittances or money transfers and can be very convenient for instance for smartphone payments. The currencies comes with simplicity of transaction.
To the extent that transactions are settled quickly, volatility is less of a problem. There are many exchanges that sell and buy cryptocurrency. There are also a growing number of physical automated teller machines, or ATMs, that will convert hard currency into bitcoin.
The most practical way is to download a digital wallet to a smartphone. As with a real wallet, these are good for small purchases. Storing large amounts is more complex.
The Capital Market Act defines the term security and identifies some types of securities such as: shares, debt instruments, rights options or relating to
Posted from my blog with SteemPress : https://africablockchainmedia.com/news/local-currency-and-cryptocurrency-in-kenya/2019/12/05/