Universality

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Avatar for Partho1120
3 years ago

Over the course of payment history, nations worldwide had their differing

methods of payments. We had bartering or money-goods exchange systems. It

wasn't until traders visited other countries that they found out how to trade

items with one another.

Thanks to various innovations and developments, we now have multiple

methods to trade and exchange moneys worldwide.

But even with all the upgrades, we are still experiencing problems doing

transactions across the globe. There are always currency issues, bank

authorisations, unacceptable payment methods and some other varying issues

experienced by business owners or travellers abroad.

Fact is, not all countries have similar financial procedures. Your card or

currency may not be accepted by other countries and that is a major setback

for some people. For example, most online banking, payment or cash system

requires additional processing fees for their service.

However, cryptocurrencies are not bound by any of the exchange rates,

transaction charges, the interest rates or any other fees applied by any

countries. They can be used at any time, in any part of the world, without

experiencing any problems.

It also saves a lot of your time and money by reducing additional spending over

transferring money from and to multiple countries. Which means

cryptocurrency operates on an international platform which in turn make

transactions easier than your average bank to bank transfer.

Cryptocurrencies have three important properties:

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