What are the Benefits of Using Cryptocurrency?

Cryptocurrency transactions typically offer lower fees and quicker transfer times compared to many traditional banking processes. For instance, global transfers with cryptocurrency can potentially bypass steep fees and finalize within minutes. This contrasts with standard bank transfers that usually take 24-48 hours. Another perspective: about 4.5% of U.S. households (roughly 5.9 million individuals) were unbanked in 2021, indicating they had no access to conventional banking systems.