Why create your own cryptocurrency

1. Convenience, anonymity and speed of financial transactions

In some cases, namely when buying online, cryptocurrency is more convenient to use than a plastic card. When making purchases on foreign websites, the user pays for the parcel on a dollar account from an electronic wallet. The transaction for various reasons may fail and not take place, you will be left without your phone case or other very important things.

The digital asset that is transferred in the blockchain is not delayed at the intermediary points, but almost instantly reaches from client A to supplier B.

The P2P (peer-to-peer) economy, in which two parties find each other and make a deal within the same technological open platform, greatly improves our lives. All participants in the process need their own money, coins, and points. These rewards help develop customer relationships.

For example, Kim Kardashian with help of special tools (https://thebestbitcoinmixers.com) can distribute Bitcoins (let's call them that) to her most loyal fans, and then only let them use these coins for closed presentations or give discounts when buying. Why doesn't she just send out millions of dollars to her fans? In the blockchain, this will take minutes, and in the modern financial system, which is constantly changing and varies depending on the country, it is simply unrealistic to make quick payments without intermediaries and commissions. Fans can use KimCoin instantly: give it to a friend, buy something from Kim, or save it for something special.

2. Simplify your business activities

If you have a business, then you just need a cryptocurrency to systematize the process. The internal token-the project coin-will help increase profits, and this, as the law of microeconomics says, is the main thing that any production strives for.

Digital currency, like a loyalty program, will systematize and simplify the entire production process. Customers will pay for services with tokens, which, unlike regular bonuses, will not lose their value and will retain the original programmed rules for their use. Calculations will be made and recorded with the help of one unique, you invented and from this the best coin, but not a simple iron, but digital.

3. Passive income and your own ego

If suddenly your personal business remains a matter for you for "later, when there is time", then your own cryptocurrency can become a tool for passive earnings. If the coin is backed by a stock reserve, as the dollar used to be with gold, it can be exchanged for the well-known bitcoin and then get the usual, well-loved paper cache.

Or maybe you are one of those who want to repeat the success of bitcoin: create your own cryptocurrency and wait for passive income from admiring users?

And finally, if someone you know has a cryptocurrency in your wallet named after you, then the limit of your own pride will reach the maximum scale.