Tuesday 28 August 2018

Benefits of Byteconnect

As we all know that when paper currencies are printed, and then circulate and government control and distribute all these things.

There is the simple example for byteconnect understanding if following:

For example, Mukesh is living in India and he wants to send some money to his friend Bob living in Thailand so there is some traditional ways from that he will be sending money via international currency exchanges like MoneyGram or PayPal and many more. This transaction should take time like 4 to 5 business days and they have to give third party charges between 20 to 30% of fees to complete all this payment procedure.


Now, this BYC cryptocurrency will take the main roll. In the other side, if Mukesh will send money directly to Bob in the Thailand, he can send money in the form of BYC coin and it will be peer-to-peer and safer than bank also it will be fast too and charges are less than traditional transaction system.


https://byteconnect.io

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