Know how safe digital currency is ? & benefits of digital currency in India.

Crypto Currency New Update: Know how safe is digital currency, benefits of digital currency in India Crypto currency, digital asset, non financial token, digital financing..., these are words that you hear a lot these days but their business And very few understand the work. When it is being said that these words are the future of currency trading in the future, then obviously there is a desire to know it and many questions also arise.

With many such questions on digital money, we reached New Jersey, USA, where the world's fourth largest digital currency exchange works, named Cross Tower. The ways of doing business in the world are changing rapidly and India is no exception.

Digital Money For Business

India has immense potential in the digital money business of the world. His own company considers India to be a market of $ 1.1 trillion or about Rs 83965 billion for digital asset exchange. Crossroads is one of more than a thousand digital asset exchanges operating in the world where different cryptocurrencies are bought and sold, traded.

Although the office is empty and with only a few employees, the business in this exchange is going on evenly and fast. Different crypto coins are being bought and sold including bitcoin, ethereum.

• When we asked that there are many questions in the mind of common people in India regarding crypto currency and digital money, there are fears, there are apprehensions. is it safe?

• Is there any place of business for common people in this?

Blockchain technology is based on transparency. So your money is safe in this. There is fear among people due to lack of information on this, due to some ambiguity about the regulation. But when the regulation is cleared gradually with more transparency, then the trust of the people will increase further.

India’s big population is youngster

India has a specialty that its population is young and it is excellent in adopting new technologies. There are many possibilities and facilities for this in India. For example, if land records are on the block chain or health records are stored using this technology, then it is extremely difficult to tamper or change the information.

At the same time, it becomes easy to get it at the time of need. Hence the convenience of the common consumer. India is a market full of potential. That's why his company has opened its biggest office in India after America.

India has recognized digital asset. The government is taxing it because it also believes that its popularity is increasing. It should not be forgotten that India has the largest number of cryptocurrency users in the world. On the other hand, as far as the recognition of crypto is concerned, it has to be understood that crypto still cannot be an alternative to the currency of big countries.

Benefits of Digital Currencys in India

However, digital currency also has its advantages for big countries like India as it will also make it easier for the government to reach the beneficiary directly and in less time. It will become easier to prevent financial fraud. Because if the regulator wants the money kept in the digital wallet, it will make it zero.

There is also a benefit of digital currency that if the farmer of India wants, he can also take loan from America for his farming. That is, the options will open for him. Exchanges like Cross Tower will also be able to convert their digital currency into physical assets.

Many types of digital currency are working. Along with this, film financing is also being done through the use of NFTE i.e. non-fungible token. NFT is a gift to India's finest artisans and artists. Because through these, they can sell a part of their art creation as a share without selling that artwork in a physical way. It can also be bought and sold by a person sitting in America.

The major use of financing through NFTs is cross road exchange with Hollywood movie Antara. Through this fans or people interested in it can become a part of it. If you want, you can also work in films. That is, not after the film is made, but before that, you can start its experience. Therefore, this exercise to create a new fabric of digital money is an exercise to democratize financial functioning all over the world.