Bitcoin, Ethereum, Litecoin are one of the most recognized cryptocurrencies around the world. These are digital as the name suggests and can be traded from one person to another as it decentralized in nature. Every plausible trade is done over the web through different wallets and does not involve any intermediaries. It is open-source and is available free of cost to everyone and operates on a blockchain platform used for encrypting it.
Safety: Using blockchain technology for virtual wallets make it safer than ever, hence the money stored in the wallets by the users couldn’t be stolen as the wallets cannot be hacked.
P2P network: The nodes are present to verify the block before the transactions are made so that the bearers are sure of the trade they make.
Supports multiple currencies:Bitpay not only limits its users to use one kind of cryptocurrency as it supports the use of multiple currencies like Bitcoin, Ethereum and USD PAX.
The usage of blockchain wallets will surely help people around as it would be much easier to carry out transactions with just a swipe rather than having the exact change for paying. The advantage of blockchain wallets is that they can be used at daily places like convenience stores, shopping malls and online purchases to name a few.