One of the advantages of using crypto is to ease cross-border transactions. Crypto makes the process swift, simple and affordable. Another reason to applaud crypto is the anonymity in users’ transactions.
Anyone can send money anywhere without compromising their identity. This mode of operation has been frowned at as promoting money laundering and other nefarious illegal financial activities. But even though it has disadvantages, it also helps users to simplify transactions.
Crypto has proven its worth in sending donations to Ukraine to support its efforts amid the war with Russia. There have been a lot of contributions to this country, most of which are facilitated with crypto mechanisms. However, donating to the government would not be accessible if not for the decentralized system of operations.