People don’t trust banks. And there are a lot of good reasons for this lack of trust. It seems like every year there is a major scandal involving a lending institution or a bank where they defrauded or lied to their customers. Even if a bank can remain scandal-free, they still engage in practices that can make it difficult for people to trust them. This lack of trust has led to more people becoming interested in decentralized currencies. Proof of this is seen by how easy it is to find a Litecoin ATM near St. Petersburg, FL.
People want a long-term store of value. Cryptocurrencies, unlike fiat money, have a limited supply. This limited supply is capped through mathematical algorithms. This makes it impossible for a government agency, a political body, or a regulatory group to dilute the value of a currency with inflation. Additionally, because of the cryptographic nature of cryptocurrencies, it’s a challenge for the government to confiscate or tax tokens if the owner does not cooperate. This is yet another reason why more people are looking for a Litecoin ATM near St. Petersburg, FL.
These properties make cryptocurrencies attractive to people who are leery of hyperinflation, bank failures, or other disaster scenarios. Litecoin has attracted people because it is deflationary and censorship-resistant.
Learn more about the value of Litecoin and find out how RockItCoin Bitcoin ATM is making it easier to access this currency through their trusted network of ATMs when you visit the following website.
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