Respect the Culture of your Host Communities - NYSC DG tells Corps Members

NYSC News : In the latest development, Corps Members have been warned to respect the tradition and cultural values of their host communitie...


Hi! Friends let's take a look at the various advantages of using bitcoins and possibly how bitcoin works. Please do well to check back because, in my subsequent posts, I shall be handling bitcoins in proper i.e. we shall fully go into details.

Several areas about bitcoin as a whole shall be covered and trust me, we shall also take look at how we can procure bitcoins and at the same time how we can sell them and make money for ourselves.

So, is going to be packed and you can't afford to missed out by not checking back on our page.

Having said that, let me start by saying that bitcoin is an international electronic currency. It is a new form of money created on the basis of the program code. Bitcoin is not owned by any state, companies or individuals.

Due to this, Bitcoin has become the world's first decentralized means of payment. Money transfers are made on the peer-to-peer principle — without intermediaries between the sender and the recipient.

Bitcoin advantages: 
Given below are the various advantages of bitcoin.
1. High safety level No one can block a Bitcoin wallet. Bitcoin does not depend on central banks, local and international laws, religion and other things.

Banks and the government do not control your bitcoins — they are only available to you. The wallet is created anonymously. Cryptocurrency cannot be faked, and payments cannot be cancelled.

2. Cheap transactions anywhere in the world Transfer fees do not depend on the amount or location. They make up less than US$1 (regardless of the amount). You can transfer money to anyone from anywhere in the world.

3. Convenience Unlike bank transactions, bitcoin transactions may be carried out on a 24/7 basis. You can decide independently when to transfer money.

4. Instant transfers Bank transfers take 3–5 working days on average. The speed of transfers via Bitcoin is a few seconds, or, when you are dealing with large amounts of money, — 10–60 minutes.

5. Protection against inflation National currencies depreciate annually by 1–20 % (sometimes more). Bitcoin is backed by a limited number of units (21 million) and protected against inflation.

Cryptocurrency is becoming more and more popular, since people do not spend money on fees and instantly exchange money.

In the future, the world national currencies will be merged in a single digital Bitcoin currency! Bitcoin vision: to strive to overthrow social inequality, free people from the banks’ oppression and make the world a more just place.

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