Cryptocurrency is more reliable than banks for several reasons:
1. Decentralization: Cryptocurrency is not controlled by a centralized authority like banks, which are subject to government and regulatory control. This means that no third party can alter or block transactions, making cryptocurrency more secure against external interference.
2. Wide access: Cryptocurrencies can be used worldwide without restrictions, unlike banks where the value of your bank account can be blocked in different countries depending on jurisdiction. Cryptocurrencies have no borders, making them accessible for international and micropayments.
3. Openness and transparency: Cryptocurrency transactions are publicly accessible and transparent due to the use of blockchain technology. This makes cryptocurrencies more secure against theft and fraud, which can happen in banks.
4. High level of security: Cryptocurrencies use unique codes to identify users and verify transactions. Through encryption and mining technology, cryptocurrency can provide a high level of security for users.
In conclusion, cryptocurrency is beneficial for users who don't want to subject their information to the services of banks. It can also be used as an alternative investment tool, providing a certain level of investment security.
