Why Serious Investors Should Take a Closer Look at Privacy Coins
Privacy coins are cryptocurrencies that focus heavily on security, keeping user transactions anonymous. That's long been one of cryptocurrency's biggest appeals, but their focus on anonymity has also given privacy coins something of a... reputation. But privacy coins' shady image may be blinding investors to a great opportunity.
These hard-to-track coins are often used in illegal activities online. The US Treasury even established a bounty program on behalf of the Internal Revenue Service, offering up to $625,000 to people who could crack and trace transactions for the privacy coin Monero (CRYPTO: XMR) and certain other cryptocurrency transactions. Financing unlawful actions obviously isn't the only use for these coins, and it's not even the primary reason that many cryptocurrency enthusiasts like them. But for some cautious investors, that might not matter.
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Source Fool.com
