P2PCASH : A New Medium To Send Money Worldwide
The market of international remittance is expanding each year and continues to undergo unprecedented development through modern technologies and partnerships. People utilize several remittance companies to send money around the world, thus cross border payments remains a huge industry in the financial sector.
However, the traditional cross border payments is faced by some challenges that affects the industry growth as well patronizing customers. These problems include ;
Slow Transfer Systems : In online money transfer, huge number of persons complain about unresponsive systems, expired transactions during payments and poor websites efficiency.
Delayed Money Deliveries : Despite modern upgrades in transfer systems, they have been numerous complaints from several persons about their cash payments received in a week or more, which creates difficulty in their normal activities.
Complex Procedures : Some banks and money transfer companies demand extra documents from their customers before processing transactions. These procedures can be hectic and lengthy, thus consumes time of customers.
Also, several money transfers companies and banks demand customers to pay unnecessary higher service charges which leads to inconvenience for clients.
However, with introduction of blockchain comes opportunity for revamping the money remittances space. Although, mainstream acceptance has not been easier for cryptocurrencies and blockchain because some banks and money remittance companies still question blockchain's integrity, capabilities and do not fully comprehend the benefits it has to offer.
Nonetheless, several industries who are not afraid to take dynamic and sophisticated step towards improving their services have started adopting blockchain. This technology is gradually replacing the mainstream centralized business model of the financial service industry because it offers lasting solutions to challenges faced by customers and money transfer companies. These solutions come in form of greater security, heighten speed of transactions and lower transactions cost compared to convectional money transfer system.
Several new startups like P2PCASH leverage blockchain technology to enable people transfer money internationally without problems and regulations constrictions.
P2PCASH is the first open source smart contract ecosystem built on Ethereum network that is fully capable of being an exceptional vehicle for money transfer or transactions like moneygram, western union or Ria.
Unlike it's traditional counterparts in the money remittance space, P2PCASH will operate differently because the platform runs on blockchain, thus benefits and features related to money transfer will be greatly improved. Some benefits that customers can expect from P2PCASH includes ;
Faster Money Transactions : Transfer is done digitally, processed efficiently and quick because use of blockchain eliminates need of intermediaries clearing and manual work, thus minimizes end to end execution of remittances.
Lower Fees : Since P2PCASH is developed on blockchain, money transfers comes with affordable cost to process transactions for all clients.
Enhanced Security : P2PCASH enables people to perform money transfer online, that remains immutable, secure and verified by blockchain.
These transactions can be accessed when needed, isn't prone to corruption unlike complex and susceptible paperworks of traditional banks.
In conclusion, end users would greatly benefit from services and features of P2PCASH, because blockchain ensures P2PCASH operates as a streamlined money transfer gateway than traditional remittance industry.
Official Links To Get More Information ;
Website : http://p2pcash.net
Twitter : https://twitter.com/PnetP2
Discord: https://discord.gg/mecDPt8
Telegram Channel: https://t.me/P2P_CASH
WRITER DETAILS,
BTT Username : Johnson Knight
BTT Profile URL : https://bitcointalk.org/index.php?action=profile;u=2326370;sa=summary
Wallet Address : 0x56D391aD6C5Fe4b4faee3FCF9C7D32D9BD2feeCA