A new financial system After El Salvador made Bitcoin Togo B2B List legal tender, many studies have been conductd into its use and effect in the country, with sometimes very conflicting results. It was therefore long doubtd that more countries will use crypto as legal tender. Africa is the content with the highest number of peer-to-peer transactions in Togo B2B List Bitcoin and other cryptocurrencies. And most payments are handld by mobile phone. That is why we are currently working on setting up a payment system via the lightning network . The Togo B2B List transactions do not go through the Bitcoin blockchain itself, but a layer ( layer 2 ) that is built over it.
That Makes It Togo B2B List
A major upgrade of Bitcoin, as it can only Togo B2B List handle 7 transactions per second, compard to 24,000 of the VISA network. By using lightning, transactions are fast and very cheap. It can cost 25 million transactions per second at that 4 cents per transaction. Compare to the previously describd costs charge by parties such as Togo B2B List Western Union (10-20% per transaction in African countries), this a relief for countries with little economic strength. Risks There are, of course, always risks associatd with using blockchain technology. The base very secure, because of the cryptographic encryption and decentralizd Togo B2B List way of working.
Easy to Experiment Togo B2B List
This prevents hacking, DDOS attacks and the Togo B2B List like. But when it comes to tokenization, it is important to monitor the entire process very carefully, because we now see, for example, how many scams are floating up in the tokenization of digital content and art (NFTs). The volatility of Bitcoin is of course also something that nees to be lookd Togo B2B List at closely. Of course you don’t want the poor population to be unnecessarily. Affectd by large price drops. That is why you can already see in El Salvador that extensive use is made of the Bitcoin system, but after the. Transaction has been performd, everything is immdiately convertd into fiat Togo B2B List money: dollars. A boost for countries with little economic clout? The plans of the Sango project in the Central African Republic are comprehensive.