Articles
The Practicality of using cryptocurrency
by Everus World EVERUS: THE BLOCKCHAIN FINTECH COMPANYPrior to this, cryptocurrencies were the subject of interest for the tech savvy and individuals in the financial sector. In simple words, one can think of cryptocurrency as “digital cash” or “virtual money”, but many are more curious on how practical is it to use cryptocurrency?
In 2007, Safaricom of Kenya launched a new mobile phone-based payment and money transfer service, known as M-Pesa. The service allows users to deposit money into an account stored on their cell phones (a mobile wallet akin to cryptocurrency wallet) which can be used for remittance, microfinancing or even pay for goods and services. Today, 1 out of 3 Kenyans have a cryptocurrency wallet, and M-Pesa announced the development of a cryptocurrency device to leverage on this bracket of people.
The result is a secure, timely and efficient payment and money transfer system which can extend its reach to benefit individuals who don’t have access to traditional financial services. Additionally, because there is no need for any authorized mediators to validate or facilitate anything, the transactions are almost immediate and there are no additional hefty fees imposed.
Taking these positive benefits into account, Everus Technologies, a Malaysian born company co-founded by Srinivas Oddati and Alexander Johnson conceptualized the Everus World – an integrated, multi-vertical commercial and financial ecosystem that offers its users services such as remittance, payments, online shopping, location-based services, peer-to-peer microfinance and trading.
For more detail kindly visit our website - https://everus.org/
In 2007, Safaricom of Kenya launched a new mobile phone-based payment and money transfer service, known as M-Pesa. The service allows users to deposit money into an account stored on their cell phones (a mobile wallet akin to cryptocurrency wallet) which can be used for remittance, microfinancing or even pay for goods and services. Today, 1 out of 3 Kenyans have a cryptocurrency wallet, and M-Pesa announced the development of a cryptocurrency device to leverage on this bracket of people.
The result is a secure, timely and efficient payment and money transfer system which can extend its reach to benefit individuals who don’t have access to traditional financial services. Additionally, because there is no need for any authorized mediators to validate or facilitate anything, the transactions are almost immediate and there are no additional hefty fees imposed.
Taking these positive benefits into account, Everus Technologies, a Malaysian born company co-founded by Srinivas Oddati and Alexander Johnson conceptualized the Everus World – an integrated, multi-vertical commercial and financial ecosystem that offers its users services such as remittance, payments, online shopping, location-based services, peer-to-peer microfinance and trading.
For more detail kindly visit our website - https://everus.org/
Sponsor Ads
About Everus World 
EVERUS: THE BLOCKCHAIN FINTECH COMPANY
0 connections, 0 recommendations, 11 honor points.Joined APSense since, October 13th, 2017, From Selangor D.E., Malaysia.
Created on Oct 23rd 2017 03:40. Viewed 188 times.
Comments
No comment, be the first to comment.
