For the first time in human history, we can take control of our assets, get out of the centralized banking systems, and experience the financial breakthrough of blockchain technology with cryptocurrencies. Ever since the United States took off the gold standard in 1971, all countries worldwide have excessively used fiat currencies. Because governments can print an infinite amount of money, fiat currency, such as the dollar, is subject to inflation. As the volume rises, so does the general level of prices, and the currency's value falls. In 2020, the global inflation rate was 3.2%. It may seem like a scant amount, but it has already affected millions of lives, especially in impoverished countries. On the other hand, cryptocurrencies such as Bitcoin (BTC) are not inflationary due to their limited supply. There are only 21 million Bitcoins in circulation, with 18.66 million Bitcoins already circulating in the blockchain in 2021. People have dubbed it digital gold because its supply is limited. That means that the prices will rise as Bitcoin becomes scarcer and scarcer. Other cryptocurrencies, known as altcoins, like Ethereum (ETH) and Binance Coin (BNB), are also limited in supply. However, there are cryptocurrencies with infinite supply due to their system and program.

Emergencies are often unexpected, and you may not always have enough credit in your bank accounts to cover them. The most common approach to dealing with the situation is to sell investments and other forms of assets right away. But in some cases, it is not a good idea to withdraw your investments solely for emergencies. In an emergency, online lending platforms can provide same-day loans with no credit check and instant approval. As technology advances, so does the banking and financial system, which provides numerous options, including same-day loans for people who require liquid cash for emergencies or unexpected occurrences. When compared to the traditional banking system, which requires you to submit your credibility, collaterals, and guarantees, you will be able to receive the money from the loan you applied for in a matter of minutes or hours.