This article was first published on PIVX
Those who have been interested in the topic of blockchain and cryptocurrency in general for some time already know the main differences between fiat money, which we use every day, paying for certain services, and cryptocurrency, which has not yet become a means of payment, but is gradually becoming a means of saving.
However, in order to fully inform you about all the advantages of using new generation money, I would like to invite you to consider the main features of PIVX.
The most pressing issue, and especially for small businesses, is transaction fees. A more depressing picture is in those countries where only state-owned banks operate directly, or where there is low banking competitiveness. In these countries, transaction fees can be as high as 20$, and this greatly affects the development of small businesses. And over time, this leads to the fact that small businesses are eaten by large enterprises. Imagine that you sell your products to customers in another part of the planet every day. Commission eats up a significant portion of your profits (and this does not include third party commissions if you list your products for sale on the internet services, like eBay). You will have to raise the prices of your products, which will most likely negatively affect your competitiveness.
Thanks to the PIVX economics, the transaction fees are negligible and do not even reach 0.01$ (the data is relevant as of September 3rd, 2020). Unlike bank transactions, these numbers do not depend on the payment amount and the final recipient.
The speed of the transaction is also an important factor in doing business, since it is responsible for the operativeness, and in some cases it can even become the subject of heated lawsuits or disrupted deals. Let me give you an ...
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