1. Security: Cryptocurrencies are based on blockchain technology, which is a secure, distributed ledger system that makes dealing with cryptocurrencies much more secure than traditional payment methods.
2. Speed: Cryptocurrency transactions are typically much faster than traditional payments, often settling in minutes or seconds instead of days.
3. Lower Fees: International money transfers using cryptocurrencies tend to be much cheaper than using traditional banking methods.
4. Anonymity: The anonymity of the sender and receiver can be maintained using cryptocurrencies, unlike with traditional banking systems.
5. Global Acceptance: Cryptocurrencies can be used anywhere in the world, regardless of local currency.