What advantages does cryptocurrency offer in microcrediting?

Cryptocurrency in microcrediting opens new horizons for borrowers and lenders. The first advantage is the reduction of transaction costs. Thanks to blockchain technology, transfer fees are significantly reduced, which allows for offering more favorable terms. Secondly, cryptocurrencies provide fast and secure transactions, eliminating the need for intermediaries and increasing trust. Moreover, cryptocurrency facilitates access to financing for those who cannot obtain traditional credit due to banking service restrictions. This approach expands financial accessibility, especially in developing economies.