Statistics show that business transactions worth $5.44 trillion were paid on digital payment mode globally in 2020, and the figure is expected to rise to $11.29 trillion by 2026. This reveals that the world is rapidly moving from cash payments which have been catapulted by Covid-19 containment measures, which encourage e-payments that have facilitated the growth of the cryptocurrency as a payment alternative. The biggest challenge with e-payments has been a lack of safety due to hacking, leading people to lose money. Moon Carl has provided a more secure method through cryptocurrency using Kasta App, a blockchain digital payment mode. Cross-border business transactions have been simplified, secured and made convenient through Kasta.
5 Benefits of Using Kasta to Make Payments Globally
1. Sending cryptocurrency is free-Sending money to friends and your suppliers is free when using Kasta compared to other cryptocurrency payment modes and banks that charge very high transaction fees. You can send cryptocurrency to your friends or suppliers for free compared to other cryptocurrencies and banks whose transaction fees are so expensive.
2. Kasta speeds up cross-border transactions. Making payments internationally through banks as an intermediary is prone to delays to check governments and banking regulations to minimize violations of such standards. Unlike other global payments methods which are complex and time-consuming, Kasta is a simple and faster method of making P2P payments. You insert the recipient of the cryptocurrency or Scan the QR code using the Kasta app, and they receive the payment instantly, reducing waiting time.
3. Kasta is a more convenient digital payment method. Unlike other cryptocurrency payment methods, Kasta App's interface is user-friendly. Even if you do not have cryptocurrency knowledge, you can comfortably make or receive cryptocurrency payments, deposit or buy cryptocurrency to your Kasta wallet with ease.
4. Payments are more secure-Kasta has added safety measures to minimize the digital payment users from losing cash through hacking. Sending money through this payment method is therefore safe since fraudsters cannot hack your account and steal your money
5. Kasta is developing debit cards to help users buy goods on credit. Buy Now Pay Later is a development phase that will allow you to purchase goods on credit, making it convenient when your e-wallet runs dry. You will be allowed to buy goods without paying full installments, whereby you will make payment in installments or pay your remaining balance at a certain fixed period.
Conclusion
Should you be struggling in search of a more convenient digital global payment approach, consider Kasta. With this approach, sending cryptocurrency to your friends or suppliers is simple, faster, and convenient. You do not need special skills to use Kasta digital payment app, and the risk of losing your cash to hackers is no-existent because security features have been put in place to phase such fraudsters out. When you become a holder of Kasta, you can use additional blockchain services that help your investment generate passive income. Unlike other payment methods affected by currency fluctuations that affect the prices of goods are services, Kasta is not affected by such effects; hence you are not likely to incur losses if you buy goods using it as your payment mode.