I will agree that cryptocurrency has reduced for the reduction and at the same time increased it. People cannot send money easily from one country to another through cryptocurrency.
The business benefits of Cryptocurrency .
- Thread starter Yaqoob Habib
- Start date
For the fact that some banking transaction will always take longer for you to complete it makes it very difficult for you to handle some business is which what cryptocurrency does for you by making everything very easy.
Crypto currency as a method of payment in a business will help a business to grow. Because there are low fee in crypto currency transaction fee. And since many people are now having crypto currency in there wallet, they will want to buy a product that has crypto currency as there mode of payment. Like I wanted to pay for a package sometimes ago the one I saw only accept PayPal so I have to look for the one that accepts coin and I paid.
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Honestly cryptocurrency has made payments much easier especially across the borders as we can see some countries are already paying salaries using cryptocurrencies so sooner more success will be for Crypto currencies too.
I didn't know that some countries have started to pay there workers salaries with crypto currency. I was talking with someone and I said to him that very soon that workers will be demanding to be paid with crypto currency for the salary.
El-Salvador has started and one company in the US or I think it a sports entertainment company that has started too while some are warming up to start .
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That is very right. The transaction fees for most of the cryptocurrencies are very low when compared to their fiat currencies counterpart transaction fees. Like the litecoin for instance, the transaction fees are dead cheap
I have also heard about EL Salvador. They also announced that any body with 3 bitcoin in his or her wallet will be given citizenship in there country.
And I also heard about a footballer that receives his salary with bitcoin. And any more like that.
For the fact that there is no limit to the amount of money you can actually transact in a day with the use of cryptocurrencies, makes it very efficient for business.
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The business benefits of cryptocurrency cannot be overemphasized in today's modern day of enormous technology. Cryptocurrencies makes the payments of goods and services online easier than before it also helps in carry funds around easier.
Crypto currency offer a means of making additional income which is even a main source of income for some and for some additional but any ways it provides extra cash.
For the fact that there are some business transaction that you have to require to pay huge amount of money which some of the banking system will not be able to carry out such transaction in a day which delays your business but cryptocurrency can serve that purpose in minutes.
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In my home country the highest interest rate you can get by saving money in a bank is 12 percent per yer, however, the rate of earning on cryptocurrencies is much higher than tht
Seriously, it's not really encouraging with what banks used to pay their customers as interest with how much they make from their money. It totally sucks in a big way.
Cryptocurrency has lots of benefits ranging from ease of payment to lots of people making money from trading it including myself.
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Seriously, for the fact that it makes business transaction very easy to do with less stress and even charges, it's definitely worth using over bank transfer.
That's true
If you want to make profit from crypto currencies then long term investment is the best thing because that's the only way of getting much profit and if you are lucky it can make you a millionaire.
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Definitely, it's long term investment in cryptocurrency that are worth it in most cases for investors because it does not really pay much profit in short term note.
Yes it has the advantage of transactions in lower fees and also reducing the possibility of fraudulent activities that can be easily traced.
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