When we talk about cryptocurrencies, bitcoin is usually the first name that comes to mind. And why not? It’s the biggest cryptocurrency of all-time, with the largest market cap and a significant ROI.
But, did you know BTC is also the most expensive coin on the market, which makes it not a very suitable option for small investors, especially the ones looking to make their first crypto investment? In that case, it’s wise to look for bitcoin alternatives that also have great potential and can give good returns over time.
At the time of writing this article, the price of Bitcoin was over $54,000, which is just a shy away from its all-time high price.
If you are an investor and looking for a cheaper alternative to bitcoin for investment that can give good returns through trading, you’re at the right place. The good news is that Bitcoin isn’t the only cryptocurrency with good future potential. There are other coins such as ETH, Libra Coin, Litecoin, etc. that also have produced significant returns for their investors in the past.
Of all these, Libra Coin is one of the fastest-growing cryptocurrencies of modern times that has proved itself times and again through its powerful global digital system backed by a multi-verse blockchain development system for e-commerce.
What is Libra Coin?
The Libra Coin is a digital currency or cryptocurrency that can be used for performing digital transactions such as money transfer and cross-border payments. Since it uses blockchain technology, transactions using the Libra Coin are instant, low-cost and transparent.
Libra Coin was created to enable a way of performing low-cost, cross-border transactions without having to rely on a middleman or third-party. Basically, you can use the Libra blockchain to send/accept money to/from anyone, anywhere in the world without having to share your personal information with a middleman like a bank or wait for their confirmation.
Cryptocurrencies like the Libra Coin have the potential to effectively disrupt the digital finance industry for good, practically eliminating the needs for banks and other institutionalised (centralized) entities.
However, the Libra Coin is more than just a digital currency for payments. To understand its true potential, it’s crucial to understand the Libra Ecosystem.
The Libra Ecosystem and Why Invest in it
The Libra Ecosystem is a blockchain ecosystem or platform that intends to solve the many challenges of the traditional e-commerce system. The blockchain-powered decentralized e-commerce system enables e-commerce traders, sellers and buyers to buy/sell in a totally transparent and middleman-free environment. Among other things, it helps reduce transaction cost and increases security.
The libra coin is beneficial not just for e-commerce users and sellers but also for everyone who is looking for an easier, affordable and faster way to perform cross-border transactions.
Besides solving the various e-commerce challenges, it helps enhance operational efficiency, adds transparency in payments, improves security, reduces cost and allows more payment options including top cryptocurrencies like Ether.
As of today, there are more than 6,000 cryptocurrencies in the market, so Bitcoin is definitely not the only option for anyone looking to start their crypto investing journey. You can invest in Libra Coin which is a cheaper alternative to bitcoin investment.