ONECOIN - In line with our vision to create a mass market for OneCoin, we aim to ensure global usage for the coin. OneCoin is the best cryptocurrency for merchants - easy to use and with a blockchain running every minute.
1. Fraud: Individuals cryptocurrencies are digital and
cannot be counterfeited or reversed arbitrarily by the sender, as with credit
2. Immediate Settlement: Purchasing real property typically
involves some third parties (Lawyers, Notary), delays, and payment of fees. In
many ways, the onecoin/cryptocurrency blockchain is like a “large property
rights database,” says Gallippi. Onecoin contracts can be designed and enforced
to eliminate or add third party approvals, reference external facts, or be
completed at a future date or time for a fraction of the expense and time
required to complete traditional asset transfers.
3. Lower Fees: There aren’t usually transaction fees for
cryptocurrency exchanges because the miners are compensated by the network
(Side note: This is the case for now). Even though there’s no
bitcoin/cryptocurrency transaction fee, many expect that most users will engage
a third-party service, such as Coinbase, creating and maintaining their onecoin
wallets. These services act like Paypal does for cash or credit card users,
providing the online exchange system for bitcoin, and as such, they’re likely
to charge fees. It’s interesting to note that Paypal does not accept or
4. Identity Theft: When you give your credit card to a
merchant, you give him or her access to your full credit line, even if the
transaction is for a small amount. Credit cards operate on a “pull” basis,
where the store initiates the payment and pulls the designated amount from your
account. Cryptocurrency uses a “push” mechanism that allows the cryptocurrency
holder to send exactly what he or she wants to the merchant or recipient with
no further information.
5. Access to Everyone: There are approximately 2.2 billion
individuals with access to the Internet or mobile phones who don’t currently
have access to traditional exchange, these people are primed for the
Cryptocurrency market. Kenya’s M-PESA system, a mobile phone-based money
transfer, and microfinancing service recently announced a bitcoin device, with
one in three Kenyans now owning a bitcoin wallet. (Let me repeat that again.
6. Decentralization: A global network of computers use
blockchain technology to jointly manage the database that records Bitcoin
transactions. That is, Bitcoin is managed by its network, and not any one
central authority. Decentralization means the network operates on a
user-to-user (or peer-to-peer) basis. The forms of mass collaboration this
makes possible are just beginning to be investigated.
7. Recognition at universal level: Since cryptocurrency is
not bound by the exchange rates, interest rates, transactions charges or other
charges of any country; therefore it can be used at an international level
without experiencing any problems. This, in turn, saves lots of time as well as
money on the part of any business which is otherwise spent in transferring
money from one country to the other. Cryptocurrency operates at the universal
level and hence makes transactions quite easy.
7 Incredible Benefits Of Cryptocurrency
Reviewed by BAJAY
May 15, 2017