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[Ben Kempton]

The usage of online payment processor is growing in many countries. There are many different kinds of international payment processors like Skrill, PayPal, Perfect Money, Payeer, etc. However, each and every country also has its specific local payment processors which is used by merchants, shopkeepers, etc. In our country, EasyPaisa is quite popular and I also hold an EasyPaisa account as well. However, I do not use it to make payments regularly. I use it just for recievng money only. So, what local payment processors are the most common in your country?

 

[Xrin Nightfall]

Despite the fact that banks are not online payment processors, they are nevertheless considered to be financial institutions. It is not always the case that users of overseas websites or places of employment are permitted to utilize their local bank accounts in order to withdraw money from those accounts. Because of this, a lot of people rely on internet payment processors.

 

[gammarays]

Despite the fact that banks are not online payment processors, they are nevertheless considered to be financial institutions. It is not always the case that users of overseas websites or places of employment are permitted to utilize their local bank accounts in order to withdraw money from those accounts. Because of this, a lot of people rely on internet payment processors.

And bank as something else these days. During some days, the crowd in banks can make you spend many hours trying to do a transaction. Fintech apps came to the rescue no wonder many people embraced them.

 

[a_jerobon]

These days, you see people using their phones instead of patronising banks. There was a time where we depend on Western Union before we can make any transactions that involve foreign sender and recipient.

Yeah, I remember that time. It was so hard to receive money from a foreign country. You had to receive through Western Union then still visit your bank to get the money. Nowadays, you can do all your transactions in your phone.

 

[Xrin Nightfall]

And bank as something else these days. During some days, the crowd in banks can make you spend many hours trying to do a transaction. Fintech apps came to the rescue no wonder many people embraced them.

Since the value of a real estate can increase over time, it often provides a better return on investment than a bank fixed deposit would. In addition, real estate can be rented out, thereby bringing in more revenue. However, it's vital to remember that real estate investments carry dangers, including market swings and the need for property management.

 

[btaliat]

Yeah, I remember that time. It was so hard to receive money from a foreign country. You had to receive through Western Union then still visit your bank to get the money. Nowadays, you can do all your transactions in your phone.

That's the power of technology. I just need to have a Payoneer or PayPal account to receive the money and another websites such as Geepay to receive it to my local account because Payoneer rate seems too low.

 

[gammarays]

Yeah, I remember that time. It was so hard to receive money from a foreign country. You had to receive through Western Union then still visit your bank to get the money. Nowadays, you can do all your transactions in your phone.

Yes that was some years ago. Western Union was the most popular way to receive money then so they had a monopoly and charged high fees. PayPal was complicated since you had to use another person's account. Crypto made everything easier now.

 

[Xrin Nightfall]

Yes that was some years ago. Western Union was the most popular way to receive money then so they had a monopoly and charged high fees. PayPal was complicated since you had to use another person's account. Crypto made everything easier now.

Crypto payments offer swift and convenient transactions, yet they lack the security of traditional methods. The absence of protection against fraud makes crypto payments a riskier choice, particularly for large transactions. Thus, it is wise to exercise caution when using cryptocurrencies and to weigh the benefits against the potential dangers.

 

[gammarays]

Crypto payments offer swift and convenient transactions, yet they lack the security of traditional methods. The absence of protection against fraud makes crypto payments a riskier choice, particularly for large transactions. Thus, it is wise to exercise caution when using cryptocurrencies and to weigh the benefits against the potential dangers.

The issue about security in crypto is not to be blamed on crypto or the blockchain but the people involved with it. It's humans that mint tokens to rug and scam others. Traditional banking do suffer from hacks and theft too.

 

[Xrin Nightfall]

The issue about security in crypto is not to be blamed on crypto or the blockchain but the people involved with it. It's humans that mint tokens to rug and scam others. Traditional banking do suffer from hacks and theft too.

1. Use a Reputable Exchange: Use a reputable crypto currency exchange to buy and sell cryptocurrency. Make sure that the exchange is regulated and insured.
2. Know the Seller: Always know who you are buying from and/or selling to. Do your due diligence and research the person or company before you agree to any transaction. Make sure they have a good reputation and are trustworthy

 

[gammarays]

1. Use a Reputable Exchange: Use a reputable crypto currency exchange to buy and sell cryptocurrency. Make sure that the exchange is regulated and insured.
2. Know the Seller: Always know who you are buying from and/or selling to. Do your due diligence and research the person or company before you agree to any transaction. Make sure they have a good reputation and are trustworthy

We just hope our funds are safe. Some Reputable brands have been hacked or closed down in recent years. Yes it's good to keep funds there because it can needed anytime and it's easier to exchange to Fiat. However, hardware wallets offer the best security.

 

[Xrin Nightfall]

We just hope our funds are safe. Some Reputable brands have been hacked or closed down in recent years. Yes it's good to keep funds there because it can needed anytime and it's easier to exchange to Fiat. However, hardware wallets offer the best security.

And that's why I always say - It is an excellent practice only to send tiny amounts of cryptocurrencies during individual transactions. Because of this, the potential for loss due to an error or security breach is reduced. Spreading one's bitcoin holdings over a variety of exchanges and coins can help reduce overall exposure to risk. One can further strengthen security by keeping the bulk of their assets in an offline wallet and moving the minimum amount required for online transactions. Following these guidelines will make your use of cryptocurrencies more secure and efficient.

 

[btaliat]

Yes that was some years ago. Western Union was the most popular way to receive money then so they had a monopoly and charged high fees. PayPal was complicated since you had to use another person's account. Crypto made everything easier now.

To be honest, the introduction of crypto has really made payment online seamless. Most business owners have now been trying to integrate the use of crypto to their payment method which has rally help in the business growth.

 

[Xrin Nightfall]

To be honest, the introduction of crypto has really made payment online seamless. Most business owners have now been trying to integrate the use of crypto to their payment method which has rally help in the business growth.

Cryptocurrency transactions are easy and efficient, but they require proper regulation to ensure security and prevent illegal activities. Regulations can help prevent fraud, money laundering, and other forms of misuse, making digital currencies safer for everyone to use. By implementing appropriate regulations, governments can create a supportive environment for the growth of cryptocurrency and foster its wider adoption.

 

[btaliat]

Cryptocurrency transactions are easy and efficient, but they require proper regulation to ensure security and prevent illegal activities. Regulations can help prevent fraud, money laundering, and other forms of misuse, making digital currencies safer for everyone to use. By implementing appropriate regulations, governments can create a supportive environment for the growth of cryptocurrency and foster its wider adoption.

That's good point though. But how can we separated the regulation and government intervention. Cryptocurrency doctrines don't want government to be involving in it and the regulation can not be done except government as well intervenes in cryptocurrency.

 

[Xrin Nightfall]

That's good point though. But how can we separated the regulation and government intervention. Cryptocurrency doctrines don't want government to be involving in it and the regulation can not be done except government as well intervenes in cryptocurrency.

It's a double edge sword. If you want freedom from the rules and regulations of a City, then you must have to accept the wilderness of a jungle. As in our current system, everybody is chained, so it effectively prevents chaos, however, if you want freedom then chaos is inevitable.

 

[gammarays]

And that's why I always say - It is an excellent practice only to send tiny amounts of cryptocurrencies during individual transactions. Because of this, the potential for loss due to an error or security breach is reduced. Spreading one's bitcoin holdings over a variety of exchanges and coins can help reduce overall exposure to risk. One can further strengthen security by keeping the bulk of their assets in an offline wallet and moving the minimum amount required for online transactions. Following these guidelines will make your use of cryptocurrencies more secure and efficient.

I think the reason why people prefer storing their tokens in exchanges is that it's easier to dispose. You can exchange it anytime you want. You can also save yourself from gas fees. If one has a large amount of tokens he doesn't need, then hardware wallet is best.

 

[rush08]

There are so many local payment system that are available and that one can conviently apply in all his transaction. The most popular ones that I use include paystack, flutterwave and some others available....

 

[btaliat]

It's a double edge sword. If you want freedom from the rules and regulations of a City, then you must have to accept the wilderness of a jungle. As in our current system, everybody is chained, so it effectively prevents chaos, however, if you want freedom then chaos is inevitable.

I could remember some quotes in the Art of War. Seriously, it is just a choice between the half a dozen and six. We just need to take one. Not regulated of cryptocurrency will surely attract using the platform for crimes.

 

[rush08]

The usage of online payment processor is growing in many countries. There are many different kinds of international payment processors like Skrill, PayPal, Perfect Money, Payeer, etc. However, each and every country also has its specific local payment processors which is used by merchants, shopkeepers, etc. In our country, EasyPaisa is quite popular and I also hold an EasyPaisa account as well. However, I do not use it to make payments regularly. I use it just for recievng money only. So, what local payment processors are the most common in your country?

Most of these payments options are also available in most countries of the world. It is just left for you to make a choice on the one that suits you. There are flutterwave and paystack in my country as well..

 

[btaliat]

Opay is one of the local processor that we rely on for local transactions in my country. There are many times that people do not want to use the normal bank because of outrageous charges that they do deduct for transactions.