Post
Topic
Board Altcoin Discussion
Merits 1 from 1 user
Re: Advantages of cryptocurrency in developing countries
by
OliverBuracBTC2017
on 18/09/2018, 13:56:21 UTC
⭐ Merited by Choy13 (1)
Cryptocurrencies indeed is a great help with the developing nations. Cryptocurrency requires much lower fees than mainstream remittances in transactions, instead of a lot of money going to the company, the person who will be getting it can use or spend it for more spending important things or maybe not only needs but also wants. The cryptocurrency also gives a great opportunity for people who can't get into banks to have a bank account. Crypto currency offers those in the developing world to have a chance to experience in investing and possibly make profit to ensure a better financial flow in the future because it can be accessed easily from the comfort of one's home with the need of a device and an internet connection. Because it is decentralised, security should be not a lot of concern, the transactions with the use of crypto goes through a lot of checking to make sure that a transaction is a legitimate one and not wasting precious money. Also, in terms of security, the one who uses it is not giving his full identity which means that he or she is not in danger of his or her personal information be used by someone in criminal activities which is very advantageous not only for developing nations but also for the majority of its users from all over the world.

Cryptocurrencies are a great way in helping those who are not stable financially. There benefits which can help those people get much better financial future. The one important thing that can really help them is first be atleast knowledgeable in what crypto is, how it works, to make the use of it be very effective and give better results.