The Mirror Trading International Bitcoin Scam runs a smooth, professional-looking website Here is a look at MTI’s website if you didn’t get enough of the red pill yet: The MTI scam is regulated by the Consumer Protection Act in South Africa. With pros of Bitcoin international trade for successful treatment The practical Experience on pros of Bitcoin international trade are amazingly completely positive. We track the existing Market to those Products in the form of Tablets, Ointments as well as different Remedies since some time, have already very much a lot Knowledge acquired and. pros of Bitcoin international trade achieved great Progress in Experiencereports The practical Experience on the Product are amazingly through and through accepting. We track the existing Market to this Products in the form of Capsules, Pastes and different Tools since some time, have already very much a lot researched and too to us tested.
Bitcoin international tradePros and Cons of Bitcoin for International Payments | American Express
If you are still asking whether or not Mirror Trading International is legit, you are asking a loaded question. We went through the legal status of the company and the regulatory aspects of its operations. According to those MTI is legit, for now.
So, we encourage you to abandon that line of questioning and focus on the functional side of MTI. Ask yourself:. Like always, we would encourage you to do your own research — DYOR.
We know that MTI is a scam, so it is harder for us to still encourage you to go to other sources to complement our information. After all, if it swims like a scam, flies like a scam and quacks like a scam, it generally always is one.
Resources and Reviews. October 7, October 29, hodler. Any company that works with AI should be able to claim its business on Google, unless it does not operate from those offices!
Here is where the Mirror Trading International scam begins to be obvious. Your corporate headquarters are not even recognized as such by Google maps? Would you house servers here?
Maybe MTI does…. Satellite image of the Mirror Trading International offices in Johannesburg. The benefits of cryptocurrency for international trade For those buying and selling goods and services across borders, cryptocurrency offers a host of benefits.
Some of the cryptocurrency and blockchain technology are poised to disrupt trade finance include: A lack of exchange rate. Fast money movement. Cryptocurrency transactions are near instantaneous. The transfer itself posts immediately, and it takes only about 10 minutes for payments to be validated in the blockchain.
Secured payments. The money you receive when you take a Bitcoin payment is also secure. Lower taxes and fees. Because cryptocurrency is a peer-to-peer monetary system, there are no taxes that govern them, and transaction fees are almost nonexistent.
Detailed records. The blockchains created from cryptocurrency transactions create clear, secure records that can be tracked and verified. With blockchain technology backed by cryptocurrency, processes could become more efficient, easier, and transparent. The drawbacks of cryptocurrencies Of course, there are drawbacks to cryptocurrency that have slowed its adoption. Disclaimer: The opinions expressed in this article are those of the contributing author, and do not necessarily reflect those of the Forum for International Trade Training.
If more people use bitcoin at once, the network becomes congested and payments slow down. Behind the scenes, developers around the world are working on the Lightning Network to fix these problems so that more people, maybe one day even millions, can all use bitcoin regularly without seeing a spike in fees and sluggish transactions.
All that said, some Nigerians are becoming reliant on using bitcoin as a way to trade internationally, and are finding bitcoin has significant benefits over legacy financial systems. Nigerian bitcoin entrepreneur Chimezie Chuta has another theory for why some are using bitcoin for trade with China and beyond.
Like most other countries in an increasingly globalized world, Nigeria imports a significant percentage of the goods that it uses. Food industry, drugs, you name it, construction equipment, cars. Nigerians have to struggle with this process, though. In Nigeria, finding U. This phenomenon has been covered in Bloomberg , for instance.