What are the advantages of cryptocurrencies?

As a financial expert, I'm often asked about the merits of cryptocurrencies. Could you elaborate on the advantages they offer? Some points I've heard include their decentralized nature, meaning they're not subject to the control of any central authority. This leads to a higher degree of transparency and immutability, as transactions are recorded on a public ledger, or blockchain. Additionally, cryptocurrencies provide users with a level of anonymity that traditional banking systems can't match. This is especially relevant in regions where financial access is limited or where censorship is a concern. Finally, cryptocurrencies facilitate global transactions, often with lower fees and faster processing times compared to traditional methods. What other advantages do you think cryptocurrencies offer?