What THEY Won't Disclose About Cryptocurrency [The Earlier You KNOW This, The Better]
Just yesterday, I had to pay one of my customers who resides in Jos for a service he rendered to me.
On receiving his account, I tried severally to forward the agreed amount using our traditional banking system. I kept getting "error" messages on various trials, and this is how stressful transacting with our local banks have become.
I kept trying my luck for what seems like 2 hours; you heard me right. On the other hand, my customer was on in a hurry. As a result of that, I felt pressured and that led me into switching off my phone several times in an attempt to check if the network will get better.
...But what happened? I remained stuck with a bad network. Immediately the thought of an alternative came, I quickly reached out to him to request for his wallet address, but he seemed not to have any prior knowledge about cryptocurrency.
I had to put him through on how he could download a mobile wallet, as well, I sent him a 20-minute video on how he can verify his account, send and receive cryptocurrencies without difficulty.
Within the space of 45 minutes, he did all was expected of him and he also sent his address to me.
I forwarded him cryptocurrency equivalent the value of his money and he confirmed it within 5 minutes.
Sounds so good to be true right?
Well, this is just one of the benefits of cryptocurrency, there's even more.
His joy knew no bounds and he requested to join my community where he will get to learn more about crypto space and ways he could use it to better his life.
If you're reading this piece, trust me, you're very lucky, because I will be outlining so many things cryptocurrency has come to change.
1. Cryptocurrency gives people charge over their money: The only person who has the right to spend your cryptocurrency is you; only you have access to your funds except you disclose your private key to someone else.
2. Eliminating extreme money printing: Have you ever thought of why 200 dollars that was a lot of money in 2018 has lesser value today?.
Well, it's because the government prints more money, which causes inflation and thereby making the money lose value drastically. Anyways, the opposite is the case with cryptocurrency; why do I say so?
Every cryptocurrency has a limited supply, thus, the reason it increases in value and always in constant demand.
3. Removing the Middlemen: Those who validate cryptocurrency transactions are network members and their fees are prepared differently from that of our local money middlemen and is minimal in comparison.
4. Serving the Unbanked: Anyone with a phone and an internet connection can transact with cryptocurrency.
About 980 million persons do not have an account; 56 percent of adults are unbanked globally, I guess you never knew right?. Well, cryptocurrency has come to change all that for good by banking the unbanked.
The change we deserve is here!! don't be left out!!!