Decentralized cryptocurrencies like Bitcoin and Ethereum have strong advantages over centralized financial systems, primarily because of their ability to function and operate without a single point of failure, which the hackers and bad actors can target.On Feb. 19, Jameson Lopp, the lead engineer at multi-signature Blockchain security firm BitGo, noted that during a holiday in the US, local banks closed down, failing to provide financial services to individuals and businesses that could be in urgent need of financial settlement services to process payments. @johnycrypto
Exactly! You make a good point, availability of funds is very important, there is some countries that people rush to banks to withdraw the money and they need to wait alot of time to be able to do it and sometimes the ATM doesnt have sufficient money and people start panicking.