![sunLogo.jpg](https://steemitimages.com/DQmZRiifwn8sa2sje6Q2iMAea9kQVZReZE1719tMSWcgmvh/sunLogo.jpg)

Why use Cryptocurrencies instead of Fiat? ft. SmartCash

**SmartCash is an up and coming Cryptocurrency which really has focused on p2p implementation for merchants.** **In this article I will go through what makes SmartCash a widespread cryptocurrency for merchants and the pros and cons of SmartCash, aswell as explaining differences between Crypto and Fiat.** ![vs.jpg](https://steemitimages.com/DQmZVcT53Baj13qkB2axUA4DzLsoBEn8bbV8XTW5RmVqzxu/vs.jpg)

Cryptocurrency vs. Fiat Currency

To begin with I will shortly explain how cryptocurrencies differentiate from fiat currencies. Fiat currencies are bound to central banks and the governments and lets them control the supply. On the contrary, cryptocurrencies are a form of **digital** currency which operate independantly of central banks. The user is their own "bank". This makes them global,flexibel and decentralized since they are not bound by regulations or banks. The introduction of cryptocurrencies is especially interesting in countries facing hyperinflation since the cryptocurrency retains its value regardless of how the inflated fiat currency stands. This can be seen in countries like Venezuela, Zimbabwe, and Sudan which are currently facing hyperinflation. The use of cryptocurrency in countries like this is a perfect way to circumvent the crashing native currency. SmartCash has a few cooperations with companies in countries like that and it's an interesting development to follow. Something crypto and fiat currencies **do** have in common is the fact that they can be used as a medium of exchange and store of value and SmartCash is perfectly suited for that. ![proscons.jpg](https://steemitimages.com/DQmTxDxrEQ6MkJoE1Z9vJ25MKxPmQCFBzUykSUoTsEMpqme/proscons.jpg)

Pros & Cons

SmartCash Pros

* SmartCash has no countries name on it and is __**decentralized**__. * No bank has control over the supply, every Smart is generated with the [blockchain](https://smartcash.cc/what-is-smartcash/) with set algorithms by Mining/SmartRewards/SmartNodes. * Transactions are saved in an open, transparent [ledger](https://explorer3.smartcash.cc/). No Smarts can be cheated into the system, meaning SmartCash is **FraudProof**. * [SmartRewards](https://smartcash.cc/what-are-smartrewards/) incentivizes long term holding and works as a **price stabilization mechanism**. * Transactions are incredibly quick and transactions fees are minimal (0.001 Smart, 0.00025$). InstantPay with the support of the already big SmartNode network will make transactions **even** faster. * [SmartCard](https://smartcash.cc/roadmap/) opens up new business models for 3rd party merchants by introducing a physical card for SmartCash to be traded with. * SmartCash has a [voting system](https://vote.smartcash.cc/) which resolves around the communities proposals to promote growth. * SmartCash is accessable to everyone, no matter location nor economical status.

SmartCash Cons

* Cryptocurrencies as a whole, SmartCash included are a relatively new technology and isn't that widespread yet. * Since its decentralizated state, there are no regulations and no safety nets to fall back on. Everyone is bound to do their own research and act as their own bank. Mistakes are not as forgivable as in centralized systems. * Considering the threat of ruining business models such as use of Visa/MasterCard and usability replacing Fiat. Nobody knows the future regarding regulations against cryptocurrencies. * As of now, there are only a few places to purchase SmartCash. Note: More exchanges are coming soon and this con will dissapear. * It will take time for widespread implementation. Overall. I see the future of Crypto and SmartCash very bright. A lot of things are coming up in 2018 ([check the roadmap](https://smartcash.cc/roadmap/)) and more and more implementation with merchants and more acceptance by the general population will promote the growth of SmartCash and crypto even more. ![global.jpg](https://steemitimages.com/DQmf5vBgay3EccRt1jK9YPeyy8X7kGe5WqqA7TK5tjuopnT/global.jpg) **If you would like to learn more about SmartCash please visit https://smartcash.cc/** ![allemeister (1).png](https://steemitimages.com/DQmVcDyynLqpzt9TgrnGQCieXzqbwLm4CfYLX4L5mCXt5wz/allemeister%20(1).png)