The Government Also Defrauds? Payment for Transactions, POS Charges at el
The government also defrauds? Payment for transactions, POS charges at el
I am always angry every time I reminisce on how the government of my country is draining everyone of their hard-earned money, yet nobody is concerned about it. Nobody wants to speak against it. Beyond the tax paid by citizens, the government is bent on getting extra money from the people through all electronic money transfers. We were yet to recover from the incessant and outrageous charges from local banks, the government has joined suit. Most times, I do ask about the correlation between my money in the bank and the government's role in ensuring that the money is saved in there such that every time I make transfers, the government will take part of the money. This is an indirect way of stealing from the people.
Beyond the governments and banks, local point of sale (POS) operators are another avenue through which people are scammed of their money. Any amount of money withdrawn from the POS machine must be charged for it. Fiat currencies cannot be obtained in banks, but they are with POS vendors, hence causing a scarcity of funds in the country, leading to payment of extra money to have your money. Imagine that I have to pay money to access my money in the bank. This is ridiculously absurd! This is the height of all deceit. Who still puts money in banks? Banks are out to enrich themselves to the detriment of users. I think it is much safer to have your money in cryptocurrency than fiat currency. This will save one from unnecessary drama. With cryptocurrency, you do not need any third party while doing your transactions, and I thank God that cryptocurrency is out to address these matters. That is why many governments are against the full implementation of cryptocurrency in their country because they know that the avenue of siphoning money from the public will be affected or probably closed.
The fact is that nobody can hold the government to ransom. That is why they always have their way of making financial policies that are against the people and putting them in perpetual poverty. Some people may say that the amount of charges is small, but they forget that when you sum the little, they become huge. If web3 was structured this way to get charges from every transaction done, then it would be disastrous to many because of the amount and number of transactions done in a day. I believe that when the people are tired of this nebulous policy of the government then they might make a decision that is in their interest.
A wise person will consider holding his money via cryptocurrency rather than considering conventional banks unless you are ready for all the protocols and complexities whenever you want to get your money. As for myself, I cannot recall the last time I visited the bank for any transaction. I do every form of transaction in the comfort of my home without having to go through any challenges. You might need a reconsideration.
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