- Decentralization - No more need for the middleman. Not controlled by one entity.
- Faster Transactions - Businesses can operate more quickly. Banks and large companies can move money around more quickly.
- Ability to transfer money to anyone in the world and have them receive it in a useable and understood currency.
- Lower inflation rate due to a known finite supply of the currency.
- Lower transaction fees. This goes hand in hand with eliminating the middle men.
- Adaptability - Different currencies can exist that are built on blockchain. These different currencies can be designed with specific things in mind.