WHAT BITCOIN COULDN’T DO
There are lots of questions been asked around and till now nobody has yet to give a justifiable answer. One of the majorly asked question is that why is it that even though people hear of blockchain, it’s effects, it’s usefulness and it’s advantages why is it that people still turn a deaf ear to blockchain and cryptocurrencies. Let me give you an example, presently am living in a third world nation where most basic infrastructure are either not there are aren’t enough for the populace. The present economic condition of the country together with inflation has cost the local currency to be far devalued below the American dollar to which my country people trade mostly with meaning that for you to acquire any imported product you must spend a lot of money mostly because of the devaluation and the major fact that one had to pay indirectly for the cost of shipping the goods in. People later founded out that for the same goods it was far cheaper buying it from the United States than waiting for it to be imported into the country. Even during online business transactions if one is to buy goods from abroad or pay for a service using his own country local currency one will be charged more because of the major issue of converting of a much less valued currency to a much more valued one.
When the whole idea and information about cryptocurrency, blockchain and bitcoin came to the people of my country and the known fact that it can be used as a means of payment for goods and services without the use of payment cards and banks and it wasn’t under the influence of forces such as inflation and the rest meaning this was the ideal method to be used to pay for goods and services. When the information came at that time, the price of bitcoin had risen to around 2000$ which couldn’t be afforded by most people so most people just ignore the whole idea of bitcoin. This was a detriment to other cryptocurrencies because it created an idea in the masses that the usage of cryptocurrency was too complex and meant only for the rich.
So to answer the question why cryptocurrency lack general acceptance to be used as a means of payment was too to its technicality and the idea of its cost.
A platform called KITTOKEN has decided to create a token meant purely for the satisfaction of those involved in business transactions especially in maximizing the profit earned by merchants by cutting various third parties and also too mean relatively cheap and easy to operate.
https://kittoken.net
https://free.facebook.com/KitTokenOfficial?_rdc=1&_rdr
https://bitcointalk.org/index.php?topic=4557979.msg41057899#msg41057899
