We all remember the time when digital currency, Bitcoin to be precise changed the world when it skyrocketed at the top of the charts, making some shrewd stock investors, overnight millionaires. This was not just a phase though and cryptocurrency has continued to take the world by storm. Even though it is a process that is still stabilizing, it is soon to become the most favored form of currency in more ways than one.
While it is important to look into the ways of how major business giant’s benefit from the crypto exchange, the economies of various countries are changing worldwide.
Using the archaic banking system makes it intensely difficult to exchange goods and services across continents and international borders. Some of the issues entailed that can be solved with digital currency are as follows:
Time and Money
International bank transfers take up to one week to materialize. Even after all this, only major business houses benefit as opposed to the common man. If everyone had to pay ten percent on even the smallest of transactions, a small businessman with sporadic, or even a consistent trickle of work would feel the pinch way more than an established multi-million dollar company that has huge transactions in and out keeping them more than solvent.
Using your crypto card, you can transfer money across continents in seconds at much cheaper rates.
Read also – How to freelance and earn Bitcoins
After the hassle of waiting in traditional banking methods and the huge fee for small transactions, there is the additional worry of your money being safe. Whether physically or through the system, robbery or the bank shutting down due to loans being unpaid can leave people in a huge battle of how to get their money back, insurance and the likes. Most of us employees do not have the luxury of time or money to run behind yet another problem when that time can be used to further our work and lives.
Cryptocurrency is secure, encrypted and safer as they are no additional channels the money needs to go through. This reduces the risk of fraud and bribery, pushing forward a larger chunk of the economic backbone of a country to move towards international business ventures while keeping your money safer. At any given time, if needed, you can always cash out crypto or exchange crypto for the fiat currency of your choice.
Good for the Financial Ecosystem
The uses of switching to a cryptocurrency over time will make the market more glocal, pushing the common man to operate business internationally, providing more people with more opportunities, more cash flow and more spending power. A move like this over time flattens the disparities between the rich and the poor, eliminating child labor, increasing life expectancy and adult literacy.
All of this will further push countries into stronger, more stable economic hubs, hence increasing the development of each individual nation.
If you are interested in this ongoing wave of economic freedom and want to be a part of this lasting revolution then TRASTRA crypto card is your way to get started. You can sign up for a TRASTRA account and buy Bitcoin with Trastra and get started on your cryptocurrency and be one step ahead of the rest of the world.
More News All Around the World
Our mission today is to share with you the best, to our opinion, TEDx talks about Blockchain, Cryptocurrency, Internet of Things and Bitcoin talks. Enjoy watching!
Cryptocurrency is a fairly new concept for many people. Some time after Bitcoin was first introduced to the world, it was in the news for all right reasons, as many people who invested got rich overnight. Suddenly its value increased and people started scrambling to buy more. Then the coin was dissected and sold in parts. As a potential investor, you may have heard a lot of hearsay about Bitcoin and must be wondering, is Bitcoin safe? You may also have heard of some negative news associated with Bitcoin.