Altcoins Talks - Cryptocurrency Forum
Archive => Sorting Box => Topic started by: sharecel on July 04, 2018, 04:43:34 AM
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What is the contribution of the Crypto currency in the financial market?
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It makes transferring money easier than it has ever been. There are lots of cryptos out there that are untraceable too, so that has a certain appeal to it as well. It's nice to be able to buy stuff without your bank knowing, or without anyone knowing. It's not anyone's business how I spend my money.
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There are lots of good applications/purposes for crypto, but essentialy one of main purpose is to decentralize payments eliminating all intermediaries/banks control, allowing people transering coins directly using blockchain.
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Those who have no bank accounts and some identification documents are having a hard time sending money to other people because they cannot prove their identity but using cryptocurrency payment, they just need the address of the receiver and they send the payment. It is also a great help for the people who are working overseas because there are times when they don't have time to send money to their loved ones so they can just send online and the receiver can monitor it and receive in a few minutes unlike in banks that may sometime take days to receive.
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makes it easy to send money if the sender and the recipient have a different currency in their respective countries, we do not need to do excessive activity
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What is the contribution of the Crypto currency in the financial market?
actualy the biggest contribution of cryptocurrency in the financial market that they make the economic of every country growth,and promote capitalism,in order to help the financial stability of every nation.
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crypto currency there's a lot of contribution trasferring coins directly using the blockchain need not excesive activity and make all transaction easily.sending flat currency you need many ducuments to prove there identity. but in crypto currency need only the address and send to receiver
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It is easier. Not just like the bank, sending money is too hard to present some requirements such as identification card, contact number and etc., just to send money or to get your money from the sender. The cryptocurrency payment it is easy, they just need the name and the address of the receiver. The biggest contribution is easy use of the people and you can transact any time any where.
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it can make it easier for us to make transactions and it can be very beneficial for us because we can buy goods without knowing from the Bank.
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it can make it easier for us to make transactions and it can be very beneficial for us because we can buy goods without knowing from the Bank.
The income generated is one of a big contribution of cryptocurrency in the financial market.
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digital currencies such as crypto are very many benefits. among them is easier in the transaction process, on the other hand is more practical and more effective and efficient.
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Actually this is to make it easier for someone to send money. Because if you use Crypto money you don't have to prove your identity, you only need to send the recipient's address and they will send payment.