Digital currency is launched for various reasons, including:
-
Increased efficiency: Digital currencies allow for faster transactions and reduced transaction costs compared to traditional banking systems.
-
Decentralization: Digital currencies are often decentralized, meaning they are not controlled by any single entity such as a government or central bank.
-
Accessibility: Digital currencies provide financial access to individuals who may not have access to traditional banking services.
-
Security: Digital currencies use advanced encryption techniques to secure transactions, making them more secure than traditional payment methods.
-
Innovation: The launch of digital currencies encourages innovation in the financial sector and can lead to the development of new technologies and services.
