From October 2017 to May 2018, I traveled southeast Asia. During those eight months, I enrolled in advanced yoga courses in India, Indonesia, Thailand, Philippines, Malaysia, Vietnam and Singapore. Sounds great right? Well, it was except for one aspect–payments. No, I don’t mean paying for what I received. I’m referring to the nightmare of our current international payment systems. Put simply, its horrible, expensive and actually a bit dangerous. Cardano is a superior alternative.
As I made my yoga courses reservations I often thought there must be a better way. Now I know there is–paying with ADA coins from Cardano. And, what’s more soon we pay with Cardano ADA and enter into smart contracts for the services. I’ll tell you about smart contracts in an upcoming blog for now I don’t want to get ahead of myself. I’ll start with the dangers of carrying cash.
Tourist, regardless of the country, are often targeted by street criminals. Why? Because street criminals are astute and know tourist often carry cash. In every country, except for Singapore, I was obligated to pay the yoga schools in cash. No choice. That meant, going to a bank and walking out with a wad of cash into unknown streets. I often did not feel safe. Imagine the security I would have enjoyed if I could have paid in Cardano ADA. What peace of mind!
Preferring Cardano for security would probably be enough but actually there’s more; a lot more. For example, when conducting international transaction the user experience Cardano offers can’t be compared to traditional banks. With Cardano ADA there is no waiting in line, tellers, numerous forms, handing over your passport for the bank to make a photocopy, etc. With Cardano ADA there is no withdraw limit; at the time Rishikesh India had a $60 a day exchange limit meaning I had to go to the bank everyday for two weeks!
Okay, security and user experience are superior. But let’s get to the bottom line. Is Cardano more expensive? No it’s not. Using your favorite crypto-currency exchange your transactions fees will be considerably less compared to your banks and credit card companies with their commissions, international money exchange rates and service fees. Cardano sweeps it three to zero.
I teach yoga at the University of Puerto Rico and unfortunately they won’t pay me in Cardano ADA; at least, not yet. But I’ll keep asking and the next time I undertake a yoga adventure I’ll be sure to ask if the studio accepts Cardano ADA. I know it would be long. Hopefully, I’ll see you on the path using ADA from Cardano.
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