₦airaland Forum

adex301:
pls does jost pay deduct coin when you send coin from one jostpay wallet to another .
and when you receive is there charges

Defining 'coin' as bitcoin; for sending bitcoin from one wallet to another on any Bitcoin Wallet Platform, there is what is called 'Miners fee'. The transaction fee is processed by and received by the bitcoin miner.

So there is charge for sending bitcoin from any wallet to another wallet, regardless of if its within the same wallet provider. So when you receive, your sender is charged, which ultimately means, you are 'charged' too.

The slander comments here are quite laughable. I have never seen ignorance expressed in such boldness before. I can see it is not just the knowledge of Jostpay alone but also of Bitcoin. Now, I know what you are thinking - He is with Jostpay. Well, just like I have been disappointed at the showings of lack of knowledge on here; I will do well to disappoint folks with slander comments on here too - I am not with Jostpay.

I am glad that someone who I think must be from Jostpay has replied every comment accordingly and appropriately. I have been using Jostpay for quite a while now and I have never seen a Bitcoin Withdrawal Company so fast before. Like every company, there must be challenges. I have contacted their Support Service on Facebook at 9pm on a Sunday before. You wanna hear it? I got a reply!

For a company that is self-funded! I mean, there are a lot of big funded Bitcoin Startups in the world that would tell you not to message them multiple times or else, you will slow down their work. And they don't promise instant funding. Jostpay is trying abeg. Let us give credit to the one that deserves it. I will continue to use Jostpay, as they have not given me any slightest reason not to.

Lets encourage our people pushing into these Finance Technology territories. From the outside, we think its just to push some buttons but Its not very easy. I have been involved with startups and I know how difficult it is to run operations with your money.

Jostpay is the best Bitcoin Wallet Platform in the Country. Fast and round-the-clock customer care service. I have tasted the soup of other competitor(s), they don't taste as sweet as the soup Jostpay has prepared.

Now there's need for this knowledge to be available to people. For people who crave to know and skeptics about the Bitcoin technology.

The reason you smile showing off your entire set of teeth, walking around so confidently when you have money on you and the reason you keep quiet like a duck that just discovered that its wings are not meant for flying is because you have knowledge of what money can deliver.

I have been asked this question numerous times – What Makes Bitcoin, Money? I say to them - The same things that make your money, money; are the exact same things that make bitcoin, money.

Money, according to modern economics has three functions - a medium of exchange; a unit of account; a store of value. Its main function is that it serves as a medium of exchange. That’s the reason you can stretch your hand with a coloured paper or card made out plastic in it to the guy who sells laptop and he won’t try to punch you in the face. But you can also stretch that same hand with your wrist watch in it and he still won’t try to punch you.

Understand that value is what is being exchanged not ‘money’ (lets quote that). Whatever is accepted by someone as a thing of value can be used as money. Money can be anything. So far it can serve as a medium of exchange. Money can be your gold or your wisdom. It can be your house or your dog. It can be your maize or your cap. Money is what you say money is. If it is needed or wanted, then it is money. If it is scarce and not littered everywhere, then it is money.

Now, Bitcoin as a new kind of currency may have been invented some few years ago but what it fulfills is no different to what the barter-like-method was doing many centuries ago. It is doing the same thing cowry shells were doing thousands of years ago. I was around then, so I know what I’m talking about.

Anyways, why right? How come?

I decided to accept it; she decided to accept it; he decided to accept it. Many of us decided to accept it as a currency of value. Now look at what I said earlier - whatever is accepted by someone as a thing of value can be used as money. This takes us back to the old popular quote that says, “One man’s Graphics Designer is another’s Account officer”. Your wrist watch can have value to you but not necessarily to the laptop seller. Who doesn’t want to have anything to do with your ‘Roles’ wrist watch. But that doesn’t mean you can’t trade it with another laptop seller.

This article getting much… See, I can have decided to accept bitcoin as a currency of value. I can only trade it with someone or organization that have decided to accept it too. That’s what makes it ‘money’. That’s what makes anything valuable. If it is needed or wanted, it is ‘money’. C'est fini.

Quickly, the two other functions of money

For bitcoin to function as a medium of exchange, it automatically functions as a unit of account. A unit of account is something that can be used to value goods and services settle debts and make calculations. The pizza is valued and purchased using bitcoin.

Now the third - store of value is the function of an asset that can be saved, retrieved and exchanged at a later time, and be predictably useful when retrieved. The bitcoin can be saved in your bitcoin wallet, retrieved and exchanged at a later time. By the way, www.Jostpay.com is Nigeria’s First and Only Bitcoin Wallet Operator. You can read their blog - blog.jostpay.com to know more.

So now you can see, what makes money, money; is what makes bitcoin, money.

Thank You For Reading Through.