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Cryptocurrency is designed to replace the old financial system that requires intermediaries to transact online. Like a credit card company or banks that need to pay a fee to process them. But these systems have been around for a long time, and they are being replaced by better systems. Crypto is one of the possibilities to disrupt those systems.
On October 21st, Twitter users posted their proofs. There is an ETH transaction transfer valued at over $ 184 million, for a fee of only $ 0.06.
If you compare looks like Paypal, according to the finder, will find that they charge about 2.9 percent or $ 5.3 million, which is different from Ethereum, which pays only $ 0.06.
In Reddit, the user has commented that, in addition to Ethereum, other cryptos such as Nano, XRP or Monero also have the ability to make a quick transaction. There are also low fees as well.
Previously, Bitcoin users had transferred Bitcoin 29,999 BTC for a fee of only $ 0.1. It is evident that Crypto is getting close to what they are going to be. And is going to be an alternative to online transactions better than the normal system ever.
