Is smartcash better than a Bank
As smartcash is a cryptocurrency and it may never replace a brick and mortar institution like a Bank.
Having said that you would notice that the so called Banks are rigid and lack transparency.
Have to tried to travel to another city or a country and tried to open a bank account there. Is it even possible? In most cases No.
Opening a bank account requires a lot of paperwork. You have to furnish ID. Proofs and documents. In some cases you need to be introduced by an existing customer of a bank who must vouch for you.
Once the bank account is opened you need to maintain a minimum balance and that is not all you need to pay to use its services.
Now Consider Smartcash.
It is free to have a smartcash wallet and you can obtain it sitting anywhere in the world.
You can keep smartcash in your wallet and on the 25th of every month you get a smartrewards.
These are rewards for holding 1000 or more smartcash in your wallet at one address and held long enough that is greater than 30days.
You can send smartcash to anywhere around the world and it reaches him in a few minutes.
The cost of sending smartcash is negligible and comes to a fraction of a cent.
The cost of sending is independent to the amount of smart being sent.(I wish my bank did that sans any bank charges)
You can generate your own smartcards (similar to a debit card) load them with smarts and use them to make payments.
Does your bank lets you do all this ? That to for free or at the cost of a fraction of a cent?
In most cases No.
That is the reason why I prefer smartcash over a bank.
Smartcash is even accepted at over 2.5 million merchants as a mode of payment.
You can even use your creditcard to get smartcash at changelly.com
My wish for smartcash..
That they make smartcash fully fungible. So that we can also transfer Smartcash to Fiat with the same ease. Hope that the smartcash team is listening.
https://smartcash.cc
smartcash on steemit
https://steemit.com/@smartcash
smartcash on twitter
https://twitter.com/scashofficial
smartcash discord channel
discord.smartcash.cc
Lol almost any crypto is better than a bank! But I have very high hope for SMART!
agreed and I want to know more about this network/coin
I would surely do a post for you covering all that you can do with smartcash
I am with you on this one
Your re right bro, even when tranfering from bank account to another cost of transaction is high. LONGLIFESMARTCASH
Ya and it is mighty inconvenient too
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We need to concern ourself with how the money we use is spent, but is a bank the institution to be in charge of this?
I do not want to find out later that the currency I use organizes support of war crimes. But I realize that money is an equalizer (i.e. emotionally, greed wise, sontaneous spending).
Thus, banks should be concerned with securing our money, not how we spend it or our personal lives.
Here is where a cryptocurrency like Smart Cash fits in and I thank you for providing this breifing. I really hope to one day have more time to vest in analyzing the non major coins.
Hope to read more of your stuff. I need to find out more about SmartHive.
You have a good point here buddy. Neither would I like to find out about it too.
noted I would try to cover these points in a post
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That's an interesting comparison. I don't have a smart cash wallet but have checked on them for time to time. It seems like an interesting coin.
You bet it is