Team FEC………………………………………………....………………………41

There are many people in the world who don't possess bank accounts or don't have sound financial services available in their region. But with Cryptocurrency, you don't require any of these things. All you need is a smartphone with internet connectivity, and you can use this technology for financial transactions.

Phenomenal Security

Each block in the blockchain possesses a unique private key that can be verified by utilizing a public key. If someone tries to hack or change the data in the blockchain, the unique key of the block becomes invalid.

(Image Source: www.code-brew.com)

So, in general, terms, if some tries to tamper with the transaction-related data in the cryptocurrency network, the individual has to hack the entire blockchain or the exchange itself, and it is really difficult to do that compared to the current financial platforms we are using.

Investment in Metaverse

Metaverse is a virtual reality environment in which users can interact with digital objects and with one another. In terms of Gen Z and Millennials, it's similar to GTA Vice City (Grand Theft Auto) but far more serious. Because the Metaverse is decentralized and infinite, Cryptocurrency could be extremely useful in purchasing and selling assets in the Metaverse. People will be investing more in the Metaverse as its market capitalization grows, as shown in the below bar chart, and Cryptocurrency could be its primary mode of transaction due to the decentralized nature of both the Metaverse and the Cryptocurrency, as they complement each other.

Ease of transaction

Crypto transactions are simpler, less expensive, and more private than most other types of transactions. Anyone can send and receive cryptocurrencies using a simple smartphone app or digital Crypto wallet. The cost of transaction is negligible to none in some cases. It is not always necessary to have a bank account in order to use Cryptocurrency but let's say you have a bank account; then you can use cash to buy bitcoin at an ATM and then send the coins to someone's phone. It is as simple as that, and as the ecosystem is expanding, the ease of transactions will increase exponentially.

Crime Funding

Cryptocurrency is decentralized and unregulated, it makes its nature anonymous, and the crime syndicates and other criminals can use it to fund their criminal activities and money laundering. There is a high chance that it will pose threats to national security and the government agencies need to be proactive to counter these threats