Been asked a couple of times, what problems does cryptocurrency solve, and what’s its unique value proposition compared to other cryptocurrencies or traditional financial systems. Would love any other users take on this ..
As many other users already pointed out, inflation is one problem that cryptocurrencies can solve but for me there is another aspect even more important: you can send money to whoever you want, whenever you want, without the need to get the permission from any bank or other agency. Let's not forget that many people in the world have no bank account therefore it's difficult for them to receive/send money. With cryptos you just need a smartphone.