Cryptocurrency is a digital currency that allows individuals to carry out transactions such as, making payments, receiving payments, investing and trading.
The platform uses new technological advances to provide many advantages to the users of the platform. Some of these include low transaction fees, a decentralised system and quick transactions.
It does however have disadvantages that include the high possibility of being scammed or losing value when the markets take a deep.
Some countries are more advanced in allowing payments as a normal payment method, while some underdeveloped countries are still introducing Cryptocurrency into the economy.
Individuals are able to gain profits when they invest, after depositing money, they buy coins at lesser prices then later sell when the prices and values increase. Which leads to a profits gain. Profit losses can also occur when individuals fail to sell at high prices.
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Source : https://www.google.com/url?q=https://penntoday.upenn.edu/news/beginners-guide-cryptocurrency&sa=U&ved=2ahUKEwjDsr_I99X4AhXdSvEDHc-4Dn0QFnoECAsQAg&usg=AOvVaw0nojbViYpdZ1y8tglFzf05
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