Article published on April 26, 2019 on IBestIco.com
Cryptocurrencies, as new currencies, were born with the goal of bringing advantages that legal tender monies have not been able to supply. As we have always known, their characteristics have changed transactions and the market, primarily revolutionizing the way we use money.
When cryptocurrency was first introduced, there were several early adopters from inside the dark web, but now the scene differs. There are numerous reasons that support needing the dollar, the euro or other fiat currencies. Let us see what they are, and why they need to interest us.
Lower fees — Cryptocurrencies transaction prices are lower than the lender and there are no account maintenance costs. The prices are positively overwhelming especially when comparing the high commissions for bank international transfers to people through cryptocurrencies.
Fraud reduction — A payment made out of bitcoin cannot be after reversed. This differs from credit card payments, which may be reversed using chargebacks, a characteristic frequently exploited by fraudsters.
Instant payments — Credit card payments can take days or even weeks to come through. Meanwhile, a cryptocurrency provides instant transfers.
No barriers — Cryptocurrency makes international trade more accessible by removing barriers and limitations to trade, ultimately making it easier to accept payments in various currencies……..