Intelinvest: Cryptoactives are already part of the daily life of the world

The financial world is changing. The rules applied are usually the same, but the arrival of new elements and innovative forms mean that, no doubt, the process of adaptation and understanding takes time to be fully assimilated. This is explained and updated in a special document from Panama, Intelinvest, Casa de Valores.

The Republic of Panama, because of its importance as a financial center of international reference, should be at the forefront in relation to this issue, should not leave it behind.

Cryptocurrencies are digital assets that since its inception, from bitcoin, have had a great acceptability due to the decentralized nature they have, as well as the trust that people around the world have given them, despite the volatility that they can suffer in the market.

The blockchain is a database that stores them in an increasing way, it orders them in time and without the possibility of modification or revision, making the operations safer.

Attributes

Among the major attributes of the cryptoactive ones, the following can be highlighted:

• Decentralization: There is no central regulatory authority, the cryptoactives operate under a network of transactions using the blockchain technology.
• Transactional efficiency: Probably the biggest advantage of a cryptoactive is that it is much more efficient than its traditional bank competition. Provides speed, crypto transactions are effective in minutes. It optimizes the cost, since the transactions are advantageously cheaper than the traditional ones.
• Universality: Opening an account is simple and anyone can do it. The requirements are very basic.
• Accessibility: Transactions are accessible to anyone with an Internet connection. In addition, transactional amounts range from very small to very large.

However, we must know that there are also risks associated with these transactions. Mainly we identify three: price, security in certain transactions and capital legitimacy.

The price of cryptoactives is quite volatile and fluctuates daily by a significant percentage.

People must choose a recognized and serious company for the creation of their wallet. Although the algorithm of cryptocurrencies has not been hacked, some exchanges have had difficulties.

In the absence of a formal compliance, the funds used could come from illicit activities.

Earnings

The blockchain, which is the database system used, stores them increasingly and orders them over time, without the possibility of modification, making the operations safer. The risks bear no relation to this system. On the contrary, the blockchain is being applied to new uses, even in the fields of social responsibility and education, to name just two.

From all continents and practically without any regulation, people can make these investments and verifications which in turn earn or generate profits; being able to arrive through specific servers to apply the production method known as mining: generate more and new bitcoins, for example.

Many people are still not familiar with this type of investment, digital tools and currencies, but in the immediate future a large part of the population will get involved and benefit from them; concludes in its document Intelinvest, Casa de Valores, from Panama.

Source: Intelinvest

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