The Flip Side to Cryptocurrency

Cryptocurrency is a term you’ve probably heard about, but what does it mean?

Financial experts describe cryptocurrency as a digital form of money not issued by the federal government.

People who use cryptocurrencies are able to

securely transfer

funds at a fraction of the cost most banks charge for wire transfers and processing fees.

Depending the type of account you have, some financial institutions offer domestic and international wire transfers at no charge.

The average cost of domestic and international wire transfers

range between

$10 to $30.

Cryptocurrency users will pay anywhere from $0.11 to $4.

Cryptocurrency Population

As of 2017, there are about 5 million active cryptocurrency wallets, according to the Cambridge Centre for Alternative Finance.

Today, there are more than 1,000 cryptocurrencies on the market. Some of the major digital currencies are…