Moving money around the world is big business. If you've ever sent money to a foreign country, you know what i am talking about.
Recently someone moved 99 million dollars worth of Litecoin for a cost of 40 cents!
This showcase the technological ingenuity of cryptocurrencies.
Not only was the transfer of wealth far cheaper than any banking or third party remittance service - it was also much much faster. It took 2.5 minutes or less to settle.
It's typical for the banks and remittance service to hold onto your funds for some days as a way for them to make money off your money in interest.
Here is yet another example of cryptocurrency expressing its superior ability relative to the dated traditional banking methods.
More and more people are realizing that long term savings perform much better as a store of value by holding on to cryptocurrencies.
Cryptocurrencies typically have a limitted supply which gives a greater reassurance of increased price rise over time. Compare this alternatively to holding onto savings in your traditional bank account - those fiat dollars will have less purchasing power next year and showcases how the average banking saving's account is actually losing value over time.
Financial education is a point of self-care that should not be over looked. It's important to research and investigate the best options for your wealth management.
Consider talking to someone you know who's well informed about the increasingly emerging financial opportunities that are now available to the average joe. It's way easier to work with someone who knows what's up than trying to figure everything else yourself - let people help you create prosperous savings accounts. You can return the favor and pay it forward as you become proficient in exercising your financial education.
Dare to care about your best financial well being. You owe it to care for yourself in the best of all ways - Always.
Let us not forget our dear STEEM
- Steem transfers take about 3 seconds.
- It is free to transfer steem anywhere in the world. (let that sink in.)
- Global Network effects resulting from strong roots forming as the decentralized media hub.
- Expect to see continued entrepreneurialism and increasingly so - commercial enterprise being plugged into STEEM.
Thanks for Tuning In - May your living be most excellent
It's like my body is a "living ball of clay" and I've decided I would like to take responsibility for my sculpture - my life.
The World is One Class of Players - Class is Always in Session
CHEERS TO EXTRAORDINARY GAINS OF STRENGTH IN ALL WAYS POSSIBLE THROUGHOUT 2018
Decentralized Media Broadcasting is the Future - Sharing Because You Want to
- What I like about this social experiment, is the fact that it's success is directly dependent on ordinary people everywhere - where there's a willingness to say,
"Yes - I accept a weekly payment for being a human being to cover my basic costs of Existing Here."