Cryptocurrencies can Become an Everyday tool for Payment Settlements like their Fiat Counterparts

Cryptocurrencies can Become an Everyday Tool for Payment Settlements like their Fiat Counterparts

By TLB Contributing Financial Author: Jeff Broth

Developments within the cryptocurrency ecosystem are bridging the gap between the emerging payment settlement entities and other traditional modes of payment that are already in existence.

Bridging the inter-currency gap

Innovations like Crypto Debit Cards could serve as tools for non-techie and regular members of the public to achieve value using cryptocurrencies without necessarily trying to understand that back-end procedures of the Blockchain that is powering the ecosystem.

This is similar to what is obtained in the traditional financial systems, where individuals do not necessarily need to understand the ongoings within the back office of the national Central Banks in other to use their currencies effectively.

The gap between cryptocurrencies and the old financial system exists mainly due to the fear and uncertainties that is usually associated with new and innovative technologies. In order to overcome this fear, there has to be convenient interactive interfaces that will enable comfortable entry for newcomers, and easy management within the industry.

Ecosystem enablement

Accessibility into the crypto space and operational enablement has been aided for a couple of years now by gateways like Cryptopay.

Founded in 2013, Cryptopay is a blockchain enabled payment gateway providing Bitcoin wallets, debit cards and innovative merchant processing solutions. Cryptopay is one of the oldest companies to provide a platform for buying, storing and sending Bitcoin and other cryptocurrencies over the past few years.

George Basiladze, CEO of Cryptopay says:

We have built an end-to-end solution to purchase, manage, and use crypto, offering customer wallets, exchange services, merchant processing and crypto cards. When looking at the overall industry we are still in early days and there are not that many companies with a working and scalable product like that of Cryptopay.”

Apart from BTC wallet, Cryptopay offers 3 FLEX accounts in EUR, GBP, USD. This straightforward system makes it easy to hedge Bitcoins against major currencies for peace of mind and security against the prominent Bitcoin price fluctuations.

The Cryptopay Bitcoin debit card works online, offline and internationally, making it simple for customers to use bitcoin at millions of businesses around the world. Using a debit card is by far the easiest and fastest way to cash-out Bitcoins.

An ICO for different reasons

In other to expand the scope of its services, Cryptopay has embarked on an ICO that will enable it add multiple assets onto its platform, offer a multi-asset debit card and build its anticipated stocks brokerage offering. Also, this token sale will offer customers the opportunity to invest in the already stable company and benefit from the imminent growth which will be experience from the near future and over a very long time.

Currently, the company is stable and profitable, so there’s no actual need for money from an ICO, but we have received a lot of requests to execute one. It is a good opportunity to perform an honest and transparent ICO that unlike many others, is based not only on the whitepaper but also on the products that already work. We know the market, we know the audience, we get things done. That’s a promise”,

Concludes Basiladze.

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