Vault Wallet Media Division

Created Jan 1st 2023

• Vault Wallet Plans to Launch Vault Crypto Token In 2023

Over the years, cryptocurrency has become very popular. Despite that, there have been numerous investors and consumers who might be wondering what the whole thing is about. Why would people prefer cryptocurrency over fiat currency when it works well most of the time? Why would they invest in it in the first place? In fact, there can be numerous benefits to investing in or utilizing cryptocurrencies, which we will take a brief look into.

• Benefits of Cryptocurrencies

One of the main benefits of cryptocurrencies is that transactions can be carried out within minutes. The moment a block that contains one's transaction is verified by the network, it is completely settled, with the funds being made available for use. This is a stark contrast to conventional transactions, which can take days. For instance, most transactions conducted by U.S. financial institutions can take 3 to 5 days to fully settle.
Then there are costs to consider as well. Transactional costs within the cryptocurrency sector can be significantly lower when compared to their conventional counterparts. For instance, it can be common for a traditional wire transfer to take up to $25 or $30. Moreover, transferring funds internationally can cost even more. And, although blockchain demand can raise transaction fees, median transaction costs still tend to be lower in comparison to wire transfers, even on blockchains that are congested.
Another benefit of cryptocurrency is the ease of accessibility it offers, because all that is required is an internet connection and a computer, which makes the process of setting up a wallet a lot faster as well. Speaking of ease of accessibility, it brings to mind another benefit that is often cited of cryptocurrency, which is its ability to "bank the unbanked." There can be several reasons why one is unable to acquire a conventional bank account. By utilizing cryptocurrency, people who do not utilize conventional banking services can easily transfer funds to their loved ones or make any other online transaction.
Bearing all of these benefits in mind, one can easily see why Vault Wallet plans to launch its own token, the features of which we will be looking at now.

• Vault Token

The Vault Token will help drive the already unique characteristics of the Vault Wallet, which include Vault Crypto Cards, the Vault NFT Marketplace, and more in the future. Furthermore, users of Vault Wallet will be among the first to be provided with the opportunity to buy the Vault Token, which will then be used to generate staking and rewards that are dedicated to the customers holding the token. Then, Vault Token holders will have discount reward features if they conduct instant cryptocurrency exchanges as well. However, these features can only give you a basic idea of the utility that is in store, which, in reality, is more than what has been discussed.

• Final Thoughts

Given the sheer number of benefits offered by cryptocurrencies, it is no wonder why Vault Wallet has decided to launch its own token this year, which will come with its own set of unique features that will be worth diving into.

VaultWallet.com