2 Minute Speech On Cryptocurrency In English

Good morning everyone present here, today I am going to give a speech on cryptocurrency. Over the past few years, cryptocurrencies have grown in popularity; as of 2018, there were more than 1,600 of them. Additionally, the number keeps rising. An official currency was created in 110 B.C., and gold-plated florins were introduced and used all over Europe in 1250 A.D. Between 1600 and 1900, paper money rose to prominence and came to be used all across the world.

More than 1,600 cryptocurrencies are available. Your accounts cannot be hacked, there are no restrictions on the amount of money you can send, and there is no single point of failure. Every day, a new cryptocurrency emerges; some of the more well-known ones are Bitcoin, Litecoin, Ether, and Zcash.

A cryptocurrency is a type of digital or virtual money used as a means of transaction. It is comparable to actual money, but it doesn’t have a physical form. Cryptocurrencies function autonomously, decentralized, and without a single controlling party.

The transaction fee for cryptocurrencies is very little to none at all. There are no time restrictions on transactions, and both purchases and withdrawals are unlimited. Unlike opening a bank account, using cryptocurrencies is open to everyone. Even faster than wire transfers are international transactions.

There are no time or day restrictions on transactions, and there are no limits on purchases or withdrawals. In contrast to opening a bank account, everyone is free to use cryptocurrencies. International transactions also move more quickly than wire transfers. Thank you.