How can you ensure to suggest lower fees in comparison to other services or programs ?
Thanks to the technological advantages of the blockchain technology, a lower remittance price is ensured than with the alternative services. The remittance fees in the Ethereum network, for example, are regulated in a special way so that they are always low regardless of the price of the Ethereum. This makes it possible to o er lower fees, even when compared to the mobile money technology (for example, M-PESA charges a fiat fee of $0.40 for P2P remittances and a withdrawal fee of $0.33 for withdrawals under $33), especially if there is no need for an instant execution of the transaction. In the event of increasing the transaction confirmation time to five minutes, the fee is significantly reduced. As can be
seen, the remittance price in a public Blockchain Ethereum is much lower than that of any of the systems under consideration.
Yes the fees are really small ... and what about other advantages ?
This mobile app will enable financial inclusion for people who are in desperate need of easy access to
financial services in countries across Africa, Asia, and Latin America. It would also lead to new opportunities
for businesses, financial institutions, and mobile network operators to use crypto currencies.
