Decentralized Exchanges Helping Restore Individual Freedom .
Technology is going to take a big step ahead of our time and life as regarded to science and the changing field of its overly shaped applications. What astounds me more is while we are busy in making life bit complex, the newer tech annexations are paving way to ease the pressure we used to feel earlier. That is happening in this age, because someone or any other scientists, experts or innovators are experimenting with newer bright ideas, upon which we are relying to avail those things into own life.
In earlier days, the contexts of money and finance were running on analogue mode and digital boards and semi-conductor revolution brought forth digitech and fine smart silicon chips which produced hardwares and instrumental tools for our technical support. I wonder what shape it took when a new installment of an " #ATM Card" first inaugurated and we headed to the smarter way of dealing with money and transfer systems.
It is a very important aspect of our life where currency exchange started to rely on digital devices and transfer apps few decades ago. Money #exchange was such a task that required the help of commercial banks and the expert helps to strategically sort out 'commutative laws', what percentage of money converted to one currency to another and ways of looking for cutting taxes as per government principles.
I have had my real-life experience on observing how tough was the procedure to convert native currency to another and the axe-like tax imposition by the central authority for every individual. The bigger the cash, the higher the charge, with 3.5% of tariffs a $2000 exchange of money can cut 70 dollar out of the amount and which isnt lucrative at the practical mode.
Every year, a big number of immigrant settlers were to fly to foreign lands in search for education, jobs, settling for work opportunity, tourism and health checkups. The numbers were high as to the big percent of population of a country.
This was a large case and as per big numbers, the government had their sweet feasts ready, hot-served.! Because, alongside general taxes, revenue collection, treasury filings, lease and hoarding tactics, with the aid of advertising and sponsorship etc the entity gathered well enough to execute expenses, the extra such profits made the institution very happy readymade.
Now, there wasn’t high number of apps and multiple money exchange options available on store, like we have cryptocurrency exchange machines like #Binance, #Coinmarket etc, with cutting edge revolutionary apps like " #leofinance alpha version "- with continual app development system, the shift of changing protocols and availing the conversion rate with convenient websites and decentralization to held its way, a secured and encrypted fiat transfer system, from one currency to another, Euro to USD and Rupee to Ruble, etc.
What I personally believe is that,the technology is helping people to gather around the idea of " decentralization" and enhancing the notion of returning the lost freedom to the individuals they deserve which are traditionally taken by the centralized entity. It is more like a game of expansion - as user's freedom retrieval. If I can ensure a safe return to the wealth of mine bringing back to my pocket, that 70 dollar per 2000 bucks and no 'transaction rate' applied, then individual suffering would mitigate normally .
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That has happened due to the newer technical installment and trend is shifting to exchange rates. Nice to see the user's satisfaction getting back to normal and old ways of turning things are getting reduced to large extents.
Hopefully that continues with more decentralized turnover for our own convenience.
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