TheCryptoUpdates
BitcoinBitcoin NewsBTC NewsCryptoCryptocurrency NewsNewsTwitter

APompliano Used a Jab at the Banking System to Convince People of the Value of Bitcoin

APompliano Used a Jab at the Banking System to Convince People of the Value of Bitcoin

Famous cryptocurrency influencer APompliano tweeted, taking a dig at the banking system, which, according to him, does not work efficiently.

He compared Bitcoin with the bank’s working model. According to him, one can only understand the value of Bitcoin after visiting a physical bank branch and seeing how efficiently they work.

Bank vs. Cryptocurrency

Cryptocurrencies are digital assets that operate similarly to conventional currency and may be used as a method of transaction. They are often purchased via cryptocurrency trading platforms and kept in secure crypto-wallets.

These digital currencies are decentralized and function in a very secure manner with little human contact. As a consequence, many consider them to be the financial sector’s future.

Banks are the world’s existing financial systems. They provide financial assistance in the form of loans, savings, and other transactions.

However, unlike cryptos, they have several drawbacks due to their centralized nature and susceptibility to prejudice. They are also slower than cryptos, impose exorbitant interest rates on loans and transactions.

***

Related Articles

Animoca Brands and its Partnership Innovations Bring Gaming and NFTs to a New Level 

John Marks

Cryptocurrency-the Secure way for Businesses to Hold Their Wealth and Protect It

Akansha Kesarwani

New Research Wing by Binance to Create “Institutional Grade Reports”

Akansha Kesarwani