Cryptocurrencies in high inflation countries.

High inflation occurs due to a variety of reasons that are different for each country, but there are common points that can be recognized in all of them. The traditional foundations of the national economy are at least partially broken; this disrupts the goods production and supply as well as the financial and commercial currents. Therefore, the prices increase while the most frequently used means of exchange — the national currency — keeps losing value.

Since crypto does not exist in physical form and does not rely on traditional financial and other institutions, it can be one way of making the situation a bit easier by offering an alternative transaction system. The mission of crypto is to go beyond national and physical obstacles, serving the benefit of humanity as a whole. In high-inflation countries, crypto can serve as one of the bridges until the national economy is at a stable level. Here are some ways in which crypto can make a valuable contribution if internet and mobile networks are available.

Cryptocurrency is worldwide and it’s up to you whether you accept this fact or no, but choose your best Cryptocurrency Wallet today! — Download XcelPay Wallet and explore XcelPay Merchant POS and XcelPay Payment Gateway. XcelPay Wallet it is a secure blockchain wallet offering users total peace of mind. Popular ways to spend cryptocurrency in different countries is using XcelPay Wallet. It provides security for your cryptos assets and your transactions. Bitcoin wallet for Android and IOS is becoming more and more popular.

In some countries of South America, economic shocks occurred that caused the depreciation of national currencies and, as a result, hyperinflation. These states depend on the export of goods that are purchased in US dollars and euros. To reduce the impact of currency appreciation, the governments of these countries decided to use cryptocurrencies as a means of payment.

The rapidly depreciating national currency of Venezuela bolivar provokes an increase in demand for various cryptocurrencies among the population. The most common in this country is Dash. More than 3,000 companies use this altcoin as a means of payment.

Venezuela also released the world’s first national cryptocurrency Petro. With its help, the government plans to receive funds for exported oil bypassing US sanctions. In addition to the oil trade, the Venezuelan government proposes to use this coin as part of the Bolivarian Alliance of Peoples, which includes a dozen countries in Latin America. Ordinary entrepreneurs and residents of this country use digital currencies to circumvent economic restrictions.

If government plans for the use of cryptocurrencies pass with varying success, then for the population, the use of cryptocurrencies is a way out of a difficult economic situation.

Argentina is a leader in Bitcoin retail sales. The reason is the same as in Venezuela — long-term hyperinflation. There is the fastest growing bitcoin ATM market in the world. According to forecasts, the number of such devices in the country by the end of 2019 will exceed 2000, and their introduction, according to the government, will allow overcoming the negative consequences of hyperinflation.

After banning the use of bank cards to pay for a taxi by the Argentinean Uber, this system began to accept bitcoins. Also, thanks to the Alto Viaje service and the Latin American exchange Bitex, it has become possible to replenish the SUBE card, which is used to pay for travel by public transport.

For the countries of Latin America, a special cryptocurrency ApperCoin was developed. For payments with its help, just install a special application on your smartphone. A distinctive feature is the absence of a commission and the high speed of transactions (an average of 10 seconds). Some retailers offer up to 40% discounts on this cryptocurrency.

More people have started using XcelPay Wallet in different countries. XcelPay Wallet app, now available on IOS and Android app stores. Try it today! XcelPay Wallet is an easy to use payment solution that provides security for your cryptos assets and your transactions. You can download the latest version of XcelPay Wallet 2.0.28 with new interactive UI and wallet recovery with ETH private key.

Gift Cards for cryptocurrency purchases. Payment Services and Payment Solutions.

A large number of bitcoin transactions are made thanks to the purchase of gift cards. They allow you to buy in most large stores and small local businesses both online and offline. Some services offer gift cards of various denominations — they can also be purchased for bitcoins. Among the most famous: eGifter, Gyft, Purse.io, Cryfter, Instagift, Yes to Bitcoins and the Fold App.

In addition, last summer Coinbase announced a joint partnership with WeGift. As a result, gift cards for cryptocurrency purchases were issued. Using the offer is not difficult at all — users just need to connect their Coinbase wallet with WeGift service in order to buy gift cards for cryptocurrency for their family and friends. The cards themselves allow you to shop in more than 120 branded stores, including Nike, Amazon, Levis, Uber, Google Play and others.

The cryptocurrency application market is growing rapidly. More and more wholesale and retail companies are turning their attention to the possibilities of digital coins. Applications are in demand for processing orders paid with coins. Among them, Coingate services are very popular, which allow network companies to accept payments from their customers in several of the most popular cryptocurrencies.

Other major services are known:

Coinbase Commerce — Offers a simple non-custodian solution to support BTC, ETH, BCH, LTC and USDC, with no transaction fees. The offer has been used by more than 2000 sellers.

Coinomi is a convenient wallet that also works with severalcryptocurrencies. Allows you to exchange coins almost instantly thanks to a partnership with the ShapeShift service, which is known for its convenient interface and transaction speed.

Bitrefill — the service of replenishing mobile accounts also allows users to buy vouchers and gift cards directly in bitcoins and other cryptocurrencies.

BitPay — the blockchain payment provider supports, in addition to BTC, also ETH, BCH, USDC, GUSD and PAX. Soon, the wallet promises to add an XRP coin. Last year alone, BitPay processed payments of more than $ 1 billion from global merchants, including Microsoft, Dish Networks, FanDuel, and Avnet.

But instead of a variety of Digital Wallets, we would like to advise you to use our XcelPay Wallet in order to see all advantages of Blockchain Technologies!

XcelPay Wallet is a merchant POS, digital payment wallet and crypto payment gateway which is integrated into an easy to use crypto wallet that is empowered for both mobile and tablet use, makes sure that transferring and receiving payments in crypto is a secure process. XcelPay Wallet aims to cut out undesirable middlemen, bank/card transaction fees, currency conversion fees that produce a negative effect on the retailer’s and consumer’s margins. The Wallet allows you to top-up mobile phone plans with 900 different carrier services and in 160 countries, with Ethereum and Bitcoin and other Cryptocurrencies.

Xcelpay Partner With Manny Pacquiao Foundation!

XcelTrip and XcelPay on the 29th of October, 2019 at 11:00 AM joined hands with Manny Pacquiao Foundation (MPF) as their official travel and transaction partners.

Since conception, the Manny Pacquiao Foundation (MPF) has played a very important role in the lives of the less fortunate in society, food, housing, but most of all, hope. Now, they are taking a step further by joining in the blockchain/cryptocurrency revolution.

The foundation is announcing a partnership with blockchain/cryptocurrency partners that they will start accepting cryptocurrency donations as a way to help more people globally.

“XcelTrip and XcelPay are happy to join Manny Pacquiao Foundation as their Official Travel and Transaction Partners, we are honoured to participate and contribute to the amazing work the foundation is doing”, quoted Gyanadra Khadka the CEO of XcelTrip and XcelPay

XcelTrip a Next- Generation travel platform powered by the blockchain technology, has been built solely to disrupt the ever-growing trillion-dollar travel industry. The features are scrupulously created to democratize crypto use-cases, that challenges the monopoly of the ecosystem by giving the power back to the users by providing the users full control over their bookings and their anonymity.

Book your flight tickets now with over 400 airlines and check-in to more than 1.5 million hotels using not just XcelToken Plus but also using Ethereum, Bitcoin, Binance coin, Dash, Litecoinh and VERGE. XcelTrip is actively looking to adopt other utility tokens on their platforms.

Manny and Jinkee Pacquiao (Founders of the MPF) are known all over the world as individuals who cater to the welfare of many underprivileged people. Some of the activities and projects they’ve embarked on in the last few years include scholarships, paying hospital bills, and providing basic needs like clothing and food.

However, their biggest project was building 1,000 homes for families in need, which has been praised all over the world as a positive, effective, and tangible social impact. Through the project, poor families living in slums or those who couldn’t afford a place to lay their heads are able to get access to living quarters at no cost.

MPF integrating blockchain/cryptocurrency is a way of furthering their charitable projects, by making it modern-technology compliant. Now, the company is accepting donations via cryptocurrency with the aim of improving revenue so they can initiate and execute even more projects. Verge will be the official accepted Cryptocurrency for the MPF as the partnership was spear-headed by the Verge Currency Team.

Blockchain/cryptocurrency is beneficial in so many ways, especially for charities who require financial support and donations from every possible and genuine angle. With cryptocurrency, charities like MPF will be able to raise more funds since donors can transfer cash without having to pass through rigorous scrutiny that is common with regular bank transfers.

Also, cryptocurrency is highly confidential so that no one knows the identity of the person that is sending the money. There are almost no transaction fees, and anyone can send funds from any part of the world without hassle.

To make this into a reality XcelPay Wallet along with Verge and Paycent, has partnered with them to Make crypto transactions simple.

XcelPay Wallet is a merchant POS, digital payment wallet and crypto payment gateway. XcelPay Wallet is integrated into an easy to use, crypto wallet that is enabled for both mobile and tablet use, makes sure that sending and receiving payments in crypto is a secure process.

XcelPay Wallet aims to cut out unwanted middle men, bank/card transaction fees, currency conversion fees that produce a damaging effect on the retailer’s and consumer’s margins, making this a shopaholic’s ultimate companion.

Through XcelPay Wallet, users can now top up their mobile phone plans with 900 different carrier services and in 160 countries, with Ethereum, Bitcoin and XcelToken Plus.

To learn more about the foundation and donate click here.