What are cryptocurrencies and why are they for sale in Cavite?
Cryptocurrencies are digital or virtual tokens that use cryptography to secure their transactions and to control the creation of new units. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control. Bitcoin, the first and most well-known cryptocurrency, was created in 2009. Cryptocurrencies are often traded on decentralized exchanges and can also be used to purchase goods and services.
Cryptocurrencies are for sale in Cavite because they are a decentralized form of currency not subject to government or financial institution control. Cavite is a province in the Philippines that is known for its high levels of corruption. Cryptocurrencies offer an alternative to traditional forms of payment that may be more difficult to trace and thus offer a way to avoid government scrutiny.