WazirX decided to educate these professionals about Cryptocurrencies. The impact of such an event is multi-fold. Not only does it place Crypto with other FinTech products as a mainstream offering, but also clears many myths surrounding this industry.
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A cryptocurrency (or “crypto”) is a digital currency that can be used to buy goods and services, but uses an online ledger with strong cryptography to secure online transactions. Much of the interest in these unregulated currencies is to trade for profit, with speculators at times driving prices skyward.
A cryptocurrency is a type of currency which uses digital files as money. ... The first cryptocurrencies were made to be independent of government-issued currencies. Cryptocurrencies use 'decentralized control', which means that they aren't controlled by one person or government.
Instant Settlement: Blockchain is the reason why cryptocurrency has any value. Ease of use is the reason why cryptocurrency is in high demand. All you need is a smart device, an internet connection and instantly you become your own bank making payments and money transfers.