What is cryptocurrency?
You can think of cryptocurrency as a digital version of cash. You can use it when ordering dinner with your friends, buying those shoes you've been coveting for a long time, or making your flight ✈️ ticket and hotel 🏨 reservation for your next holiday. Since cryptocurrency is digital, you can also send it to your family and friends wherever they are in the world.
Just like PayPal or bank transfer, right?
Actually, not really. Because it's much more interesting!
As you know, traditional online payment systems belong to organizations. These organizations hold your money for you, and when you want to spend your money, you must ask them to transfer your money on your behalf.
In crypto currencies, there is no institution in between. You, your friends, and thousands of others can act as your own bank by running free software. Your computer connects to other people's computers. So you communicate directly. There is no need for a middleman!
You do not need to register on a website with your e-mail address and password to use cryptocurrency. Simply download various applications to your smartphone to receive and send cryptocurrencies in minutes.
