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What is Cryptocurrency?

Cryptocurrency is a brand new period of  “medium of changewithin the type of digital belongings. It’s a digital channel of payment. Crypto space is emerging. Cryptocurrencies such as Bitcoin and Dogecoin are anonymous.

If you are a cryptocurrency holder then you will not know to whom and where you have sent the money. In other words, If you are sending money to someone, let’s say a bank in the middle of Africa and you wouldn’t even know where the money is going or to whom it’s being sent.

The cryptocurrency payment gateway is very safe for monetary transactions which can be made from cryptography. Cryptocurrency makes use of cryptography to guard monetary transactions. It is the world’s new medium of exchange. These are Decentralized digital belongings.

Cryptocurrency is managed by way of Decentralized Information and Decentralized Information management works through Distributed Ledger Technology.

In Cryptocurrency, Distributed Ledger Technology is Blockchain that serves as a public monetary transaction database.

Cryptography

It’s the science and artwork of designing algorithms for secret communication.

Cryptocurrencies do not require an identity to make payments. Some say cryptocurrencies are an emerging financial tool that gives power to individuals, allowing the money to flow where it belongs, and for the people. We should be allowed to create and use our own money.

What is #SafeMoneyBag and how is it helpful?

The #SafeMoneyBag is a way for women to safely store and control their Bitcoin or Dogecoin as well as other cryptocurrencies in a secure wallet. We encourage women to carry a small purse or even a pocket-sized wallet and simply check the bag or baggy contents. During demonstrations, we will have our #SafeMoneyBags with us and we encourage women to take them and keep them in their purse or baggy as a precaution. We want women to be safe.

Cryptocurrencies are attractive to people who are concerned about anonymity and privacy. These cryptocurrencies exist to allow us to purchase things anonymously.

Can we think about women regarding this new financial system?

Women are the backbone of our society. They contribute to our economy through their labor, even when they do not have the means. Many women are financially challenged and have to work two or three jobs, or they work full time and earn a paycheck. As a matter of fact, a large number of the females who are speaking out against sexual harassment are single mothers and women who work multiple jobs to put food on the table. Most women live paycheck to paycheck. Financial security is important. So, cryptocurrency is suitable for women. 

If you are someone who is concerned about the amount of taxes you pay, or what you pay in your health insurance premiums, or you’re not comfortable with the way that our government is managing our finances, then this project is perfect for you.

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