OneCoin - What Is Digital Currency and Why It Will Change the World

When I see digital money, I see a revolutionary technique that allows people or institutions to transfer money without prompt, secure and mediator. Digital money can potentially expand international commerce, support, financial inclusion, and how we can buy, save and do business, the way we probably still fully understand cannot.

What Is Digital Currency and Why It Will Change the World

OneCoin are provides the effective ways to change the technology will change the world:

Fast, Cheap Bank Transfers: The way banks take money today, it is archaic. International bank transfers can take up to a week, as well as the correspondence bank and country-specific clearing house. Even the cross-border, sharing of payment data has to face the challenges and fluttering.

His technique collects money all over the world before finding the most effective path between business partners, where the path could be a series of transactions between foreign currency traders, who are in various banks, and then together all Confirm necessary transactions.

A Boost to Global Remittances:  Every year, more than $ 500 billion dollars are sent to migrants from developing countries, this amount is more than foreign direct investment. For the average international transfer of 6-10% to send $ 200, the burden on some of the world's weakest people is important. The ability to help these transfers to be faster and cheaper in technology, using virtual currency, private users can directly send money directly to their families through mobile phones, as well as remaining charge by currency exchanges with fees.

Safe Money for the Poor:  The explosion of mobile technology in Africa has already been shown that developing countries can move forward when it comes to sophisticated technology. Estimates show that 60% or more in Kenya use mobile phone credits as a medium of exchange. Anyone with a mobile phone can deposit money there, and send a credit to another user. The problem is that the fees are large: Cash outing has historically cost up to 20%, although the broad acceptance of credit means that many consumers can spend direct credit without large fees.

In such countries digital currency can be a convenient and secure form of payment, where most citizens do not have a bank account. When using onecoin in the form of second currency in one country, citizens will have to open the risk of a certain amount, it can be better than current options, especially in countries with high inflation.

How Digital Money Will Change The World

Unleashing the Potential of E-Commerce:  Today, concerns related to credit card fraud have forced many online merchants to remove good business. Such fraud is more common in global transactions, and so many companies do not accept international payments. Once transfer with a digital currency cannot be made again. This reduces the risk of fraud for traders and thus allows them to sell in the world.

Programmable Money: Programmable wealth can also have a role in more complex contracts, such as multiple parties and complex derivatives involved financial contracts. You can put some money in a financial contract, which will be paid according to what the price of the stock is. A computer program can be linked to the prices of stock from the Bloomberg terminal feed, and then, what happens to some stocks or some combinations of stocks, different individuals get the funds.

OneCoin is a digital currency, based in cryptography that provides the helps in industry to achieve the better regulation in Sofia, Bulgaria.

If you have any questions on this topic, please feel free to reach out to us. We would love to help you find a solution.