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In our article today, we will discuss the benefits of cryptocurrencies in our daily transactions.
The local mode of transaction is outdated, and hard to keep a record of transactions. Most companies or firms spend a fortune to keep a record of their ordeals yearly. Some go as much as spending millions of dollars on auditing and maintaining a transparent record. These things and more brought the existence of bitcoin into the financial sphere.
Before creating bitcoin, many means were created to ease the movement of paper currency; upon their creation, so many failed or were ruled out by SEC. During the early days of bitcoin, SEC tried to rule it out but it was a prayer answered for so many firms who fought tirelessly to make sure this wonderful innovative idea never dies off.
Venturing into cryptocurrency, you will note that a lot is easy, mostly when it comes to money transfers and otherwise. In banks, you pay outrageous fees for each transaction handled by your bank, but with cryptocurrencies, you do not worry about these things because you are charged in categories; you have an option to choose between a priority fee and a regular fee. The priority fee gets your transaction included in a block within an hour. The regular fee is lesser and is for individuals/organizations who can afford to be a bit patient; a confirmation for a transaction that includes a regular fee will typically take a bit more than an hour.
WLC token will also be used as a means of carrying out transactions just like Bitcoin, Ethereum and other generally accepted cryptocurrencies. It will be used in place of cash in the conservation centre upon completion, to reserve accommodation and to make and cash related transactions.
WLC token is different from other tokens because it has a real life use of the token.