This is a sponsored post by Sharleen Ross
Gold BitCoin standing on a computer keyboard
If you weren’t a germaphobe before 2020, you probably are now. Being more aware of germs and how they spread is going to help future generations better handle virus outbreaks and disease pandemics, but when it comes to the world of finance and transactions, there are some helpful things you can do now to slow the spread of germs.
Stop the Spread
Cryptocurrency is gaining more popularity every year and many predict it will be the way of the future. In times like these, going crypto can be especially helpful. Physical currency is ranked among some of the dirtiest objects around. It goes through thousands of hands and places before it reaches your wallet and gets passed on again. In trying to stop the spread of COVID-19 and other diseases, using virtual currency may be one of the most health-conscious choices you can make.
In addition to slowing the spread of germs and the virus specifically, cryptocurrency can also help lower your taxes. Donating crypto is not taxable in the United States and many other countries. That’s good news for you and the millions in need at this time of trouble. There are many who are unemployed, sick or don’t have money to purchase food and other necessities. You can use cryptocurrency to make donations to your favorite charity, count it as a tax deduction and even prevent the spread of COVID-19. It’s a win-win, win!
Safe Transactions
Padlock wrapped around a laptop.
Cryptocurrency is also an extremely safe way to make transactions due to the numerous verifications each exchange must go through. Cryptocurrency is checked by people called “miners” and their job basically is to confirm that the transaction is legitimate and meets all necessary standards. As transactions accumulate, you build what is referred to as a blockchain. Blockchain is like layers of verification on where the currency has been; it is protected by virtually thousands of eyes and monitors, which is more security than banks and credit union s can offer.
Hectic times like this can also be vulnerable times. Criminals trying to hack bank accounts is a legitimate concern and you should do all you can to stay protected. Cryptocurrency can keep funds safe and secure.
Globalization
Another benefit, besides helping with taxes is the speed and fluidity of transactions across borders. The world is more globalized than ever and from the looks of things, it will continue to move in that direction. Transactions will not only influence the U.S., but also the global economy. The future holds a lot of new possibilities and crypto currencies are a great tool to keep up with changing times.
Stay Safe
The ultimate goal of course right now is to keep yourself and your families safe. It is vital that we take every precaution necessary to beat the virus that has taken over. Cryptocurrency is another way we can help avoid the spread of germs and fight this thing together. Of course cryptocurrency will help you with your taxes (there are even helpful cryptocurrency tax guides out there), make for safer transactions and keep you moving in a fast-paced world, but the most important thing is you. You and your loved ones can’t be replaced, so be smart and stay safe.