PIVX might seem an odd name for a cryptocurrency, but there is a reason why it has been chosen. PIVX is an acronym which stands for Private Instant Verified Transaction… and that should tell you how PIVX works, not to mention what its key benefits are.

Therefore, if you choose PIVX to help you make online payments, you can expect those payments to be completely private and secure. They will also be instant, with no delay between sending the money and the receiver getting it. It is based on Bitcoin, as are many other cryptocurrencies. However, the open source method of this cryptocurrency keeps it honest and available for users. Privacy is once again a major theme of PIVX.