After El Salvador made Bitcoin legal tender, many Saint Lucia B2B List studies have been conduct into its use and effect in the country, with sometimes very conflicting results. It was therefore long doubt that more countries will use crypto as legal tender. Africa is the content with the highest number of peer-to-peer transactions in Bitcoin and Saint Lucia B2B List other cryptocurrencies. And most payments are handl by mobile phone. That is why we are Saint Lucia B2B List currently working on setting up a payment system via the lightning network

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By using lightning, transactions are fast and very cheap. It can cost 25 million transactions per second at that 4 cents per transaction. Compar to the previously describ Saint Lucia B2B List costs charg by parties such as Western Union (10-20% per transaction in African countries), this is a relief for countries with little economic strength. Risks There are, of course, always Saint Lucia B2B List risks associat with using blockchain technology. The base is very secure, because of the cryptographic encryption and decentraliz way of working. This prevents hacking, DDOS attacks Saint Lucia B2B List and the like.

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But when it comes to tokenization, it is important to Saint Lucia B2B List  monitor the entire process very carefully, because we now see, for example, how many scams are floating up in the tokenization of digital content and art (NFTs). The volatility of Bitcoin is of course also something that needs to be look at closely. Of course you don’t want the poor population to be unnecessarily affect by large price drops. That is why you can already Saint Lucia B2B List see in El Salvador that extensive use is made of the Bitcoin system, but after the transaction has been performed, everything is immediately converted Saint Lucia B2B List into fiat money: dollars.

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