#CryptoCPIWatch Cryptocurrency and its Role in Modern Finance

Cryptocurrency has become one of the groundbreaking inventions of the 21st century. Not only is it a means of payment, but crypto also opens up the era of decentralized finance (DeFi), where users control their assets without intermediaries. Bitcoin is the first cryptocurrency, but today thousands of other coins and tokens have emerged with various applications such as smart contracts (Ethereum), stablecoins (USDT, USDC), and NFT tokens. Crypto enables fast, secure, and cross-border transactions. However, it also faces many challenges such as high price volatility, legal risks, and security concerns. Nonetheless, the potential of blockchain and crypto is still highly regarded in transforming the global financial system.