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 ..
Cryptocurrency as an alternative currency in the global financial system that allows for none third-party participation has solved the problem of trance borders money transfers, take for example it only takes you just a mobile phone or a computer to send and receive money globally and this has been a great issue in the past were international money transfers have been hard in the past and even at present time, sending money through the bank to international destination take time and process.
But with a cryptocurrency like Bitcoin, it will only take you a few seconds to get the same value transferred to a Bitcoin wallet which is a big deal in the present time.