Since 2009, cryptocurrency trading has taken the financial world by storm. Virtual currency has quickly been adopted by people around the world. In fact, according to the 2021 Global Crypto Adoption Index by Chainalysis, it was found the India was ranked second in all terms of global cryptocurrency adoption.
If you are excited about cryptocurrency but are hesitant about using it, here are a few things that can help you make a decision on it.
Controlling Your Assets
The decentralized nature of crypto trading gives you the opportunity to own and store your assets without having the addition of a third party. Asset values are not determined by exchange or a middleman – thus, giving traders the liberty to avail benefits from prevailing exchange rates.
Secure and Transparent
One of the major reasons why crypto currencies are so popular is because of their thorough transparency due to its open-source and publicly-verifiable technology.
Various cryptocurrencies such as Bitcoin tend to have a limited supply which is what makes them deflationary assets. This means that the purchasing power increases over a period of time and each cryptocurrency has an algorithm that places a cap on their complete supply.
Long Term Investments Benefits
Despite the fluctuations and volatility that tends to characterize the crypto market, making an investment in crypto is seen to be extremely beneficial as a long term plan. They can serve as reasonable sources of savings post-retirement or give some much needed financial boost during an economic crisis.
Independent and Flexible Trading
Having the 24/7 accessibility of crypto trading has made it extremely flexible for traders to be able to organize trades at any time of the day. Besides, there are several altcoins such as Dogecoin, Ripple, Ethereum, to name a few, which increase the gaining wealth potential and help traders to diversify their portfolios.
If this has made you curious about investing in cryptocurrencies, consider checking out the services provided by Lapoyama – a revered decentralized P2P blockchain payment network that has been to allow users from all over the world to use virtual money to pay for every goods and services.
Founded in 2012 by Dilip Mooparakath, Lapoyoma has been serving as a financial platform designed to offer tokens for everyday convenience store, grocery stores, and gas station shoppers, excluding the mediation of third parties.
One of the interesting things about the company is that it leverages blockchain technology and around 4% of every transaction is directed into a Buyback Wallet – allowing customers to win a reward for every purchase. Moreover, Lapoyoma has its own internal payment stable coin called “YAM” and the company has developed an FYBN app. It is a retailers first sales tool that gives accurate value of business based on the last 3 months trailing averages of inside sales – while simultaneously taking into account every income and other factors that decide the business’s reliability.
In 2022, Lapoyoma had launched the YAM Funds project to finance the activities of small business owners who intend to integrate their companies into the decentralized payment infrastructure of Lapoyama – permitting users to get interest-free loans for CStore and Gasoline Station companies.