According to a recent survey carried out by Forbes Advisor, almost two-thirds (65%) of the investing public has money in cryptocurrency. Cryptocurrency is like a form of digital money. It is a way of making payments from person to person without any organisation or institution in the middle to facilitate it.
For example, if you want to pay a dog groomer, youâd either need to use cash minted and distributed by the state, or a bank transfer facilitated by the payer and payeesâ banks.
If, however, your dog groomer accepted Bitcoin, the largest and best known of all the thousands of cryptocurrencies in existence and referred to by the ticker code âBTCâ, youâd be able to make payment from your digital wallet to theirs without any fees to a middleman, or any delays that might cause.
