The realm of cryptocurrencies can seem daunting even to internet savvy users, which is perfectly understandable. The unregulated nature of crypto can be offputting to many, and indeed, if people are swept off their feet by the crypto hype, there is a real chance to lose a lot of money (as well as make a lot it) through some easy to make, but fateful trading decisions. With cryptocurrency, fortunes have been made, while others have been lost. And all this without falling for cryptocurrency scams. But now, with the world becoming more mobile, it’s easier than ever before to make investments in cryptocurrencies within the palms of your hands.
Take the situation with the COVID-19 pandemic, which significantly boosted the percentage of eCommerce’s share of global retail sales. In the midst of merchants and shoppers increasingly going online, the convenience has spread to mobile devices, which allowed more people to shop, pay and transfer money with great ease and from the comfort of their sofas. The ease with which mobile apps have allowed people to engage in M-Commerce, digital banking and even dabble in cryptocurrency investments is staggering, but not surprising. What is a surprise to many is the pace these changes have taken place, which were originally forecast to reach current levels by 2025-2030. Amidst this growth in mobile users, fraudsters have seen an opportunity to target people, aiming to remain hidden in the huge increase in daily transactions