#Steemit Stale 🙋♂️Hello. How are you all
I am Mohammad Yusuf Chowdhury. My #steemit username is @usuf.
I joined #steemit from #Bangladesh 🇧🇩 to share with you about my country's culture, history, traditions, food habits, my daily work, Likes Dislikes, Memories, My Hobbies etc.
I know no one can get ahead without hard work and honesty as well as help and support. So I am asking for your help and support in my journey on #Steemit.
Considering the rapidly evolving area of research and its expansive applications, technology is set to advance more than our time and life could handle. Even more amazing to me is how, while we work to complicate life a little bit, new technological advancements are paving the road to lessen the tension we previously experienced. our is taking place in our day and age because a scientist, expert, or innovator is experimenting with fresh, bright ideas that we rely on to incorporate them into our daily lives.
Prior to the digital board and semiconductor revolution, money and financial contexts functioned in analog mode. Digitech and delicate smart silicon chips were produced as a result, and these chips helped to construct the hardware and equipment that enable modern technology. I'm curious as to what form it took when a new version of a "#ATM card" was initially introduced and we switched to a more intelligent method of handling money and transfer systems.
Currency exchange is a very significant component of our lives that began relying on digital devices and transfer apps decades ago. In order to effectively determine "conversion laws," or the percentage of money that is converted from one currency to another, and to identify ways to reduce taxes in accordance with government policy, commercial banks and specialists were needed.
I have firsthand knowledge of how impossible it was for the central government to impose axe-like taxes on every individual, as well as how the process of transferring local currency to other currencies worked. A 3.5% tax on a $2000 transaction amount of $70 results in a greater fee the larger the quantity of cash, which is not viable in practice.
Many migrant workers are forced to travel abroad each year in pursuit of healthcare, education, job, and other possibilities. The amount was as high as a sizeable portion of the population of a nation.
The government was prepared to devour their sweets, supplied hot, as it was a large case with large numbers. Because the business collected enough money to cover expenditures through methods other than the typical taxation, revenue collection, treasury filing, leasing, and hoarding strategies, such additional earnings made the business a very content ready-made.
Now, there weren't more apps and multiple money exchange options available on the store, like we have cutting-edge revolutionary apps like "#leofinance alpha version" - with continuous app development System, protocol change transfer and conversion rate advantage with convenient website and decentralization, a secure and encrypted fiat transfer system, from one currency to another currency, Euro, along with cryptocurrency exchange machines like Binance, Coinmarket etc.
Personally, I think that technology is promoting the notion of "decentralization" and strengthening the idea of returning to the people the liberties that have historically been taken away by centralized organizations. It is more akin to an expansion-based game meant to restore the user's independence. The personal agony will inevitably be lessened if I can guarantee the secure return of my wealth to my bank account, at a rate of $70 per tk. 2000 and without the use of a "transaction rate."
This is because of new technological developments and a change in trend toward exchange rates. It's encouraging to note that customer happiness is resuming its previous level and that the old paradigms of change are mostly losing their luster.
For our own interest, let's hope this trend of decentralized turnover continues.
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