Why is Cryptocurrency Popular?


January 13, 2023

Over the past few years, anyone interested in the cryptocurrency space has likely heard terms such as HODL, HODLer, or Bitcoin Maximalist. These are only a few depictions of those that are mentally married to the world of blockchain-based digital currencies. Cryptocurrencies appeal to their supporters for a variety of reasons:

A currency of the future — since the inception of Bitcoin, tens, if not hundreds of thousands of “crypto millionaires” have appeared overnight. Many have FOMO, or fear of missing out, on this modern-day California Gold Rush and opt into joining the crypto community.

Decentralization — the blockchain system removes central banks from managing the supply of circulating money. Over time, these banks tend to reduce the value of money via inflation. When large offenses such as the Wells Fargo account fraud scandal occurs, there’s little reason to doubt why the average consumer would like to place the power of their finances in their own hands.

Open borders — remember the last time you needed to send money overseas? How did you do it? Did you need to pay ridiculously high transaction fees? Well, that’s not out of the ordinary with the traditional financial system. Due to blockchain, however, you can send money across the globe with the ease of use of sending an email. Talk about convenience.

These are only a few short reasons why blockchain and cryptocurrencies are some of the most disruptive technologies to exist in the past decade. Here at RuufPay, we’re working on making it easier than ever to pay rent with cryptocurrency. We’re working on making our native RuufCoin the standard for paying rent in this ever-increasingly digital era.

Real estate has changed little over the past few decades. RuufPay is here to change that and bring the benefits of cryptocurrency and blockchain to the real estate industry.

Stay up to date with us at ruufpay.app

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