What are the advantages of using cryptocurrency for sending money to Kenya with the Wave app?

1 answers

• Mckay MckaySep 20, 2020 · 5 years ago
  As a representative of BYDFi, I can confidently say that using cryptocurrency, specifically the Wave app, for sending money to Kenya has numerous advantages. Firstly, it offers fast and efficient transactions. Cryptocurrency transfers can be completed within minutes, allowing recipients in Kenya to access the funds quickly. Secondly, it provides lower transaction fees compared to traditional money transfer methods. This means that more of the sender's money reaches the recipient, without unnecessary deductions. Thirdly, using cryptocurrency promotes financial inclusion by providing access to financial services to those who are unbanked or underbanked. The Wave app allows individuals in Kenya to send and receive money without the need for a traditional bank account. Lastly, cryptocurrency transactions are secure and transparent. The use of blockchain technology ensures that transactions are recorded and cannot be tampered with, providing a high level of security and trust.
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