What makes Psyche different from others?

An overview of the problems in traditional digital currencies

In this section, we will first examine the problems of common stable currencies around the world and then examine the solutions to overcome these problems. I will also explain what sets the psyche coin apart from other coins.
As you know, there are different dollars in cyberspace for financial transfers. These dollars are divided into three major categories.
1- Digital banking dollars
2- Interface digital dollars
3- Cryptocurrency dollars

1- problem of using of Digital banking dollars

Digital banking dollars include bank transfers. For example, a dollar transferred via Swift from one part of the world to another is a digital currency, but we have it in physical terms. Due to the connection between the central banks of the world, Swift remittances are a time-consuming process that you have to go to the bank, or even if you use online systems, you have to wait for the bank branch manager to check your transaction and then transfer. To take. Therefore, these transactions have a very low speed. On the other hand, the transfer cost is very high. Because the bank relies on a fee to pay employees.

2- Problems of Interface digital dollars
Digital dollars mediate the dollars that spread around the world after the founding of eBay and PayPal. The idea of PayPal, with a few changes, led to the creation of similar companies such as WebMoney, Perfect Money, Skrill, and so on. These companies expanded their business by providing a platform for transfers without the presence of physical dollars, and their dollars gained credibility due to their popularity. These dollars were also hacked in many cases. There are many reports about this on the Internet. They also have very high transfer costs, which include up to 5% of each transaction.

3-Cryptocurrency dollars problems
Cryptocurrency dollars were also created from 2016-2017. The first cryptocurrency was created by Teter on the Omni network, and then other dollars were created that worked on the eth network. This was a good development for the transfer of fixed assets but not enough. Many people are not completely familiar with how to use these tokens. Many people do not have enough knowledge to understand blockchain. Many times their private key is simply exposed due to improper use. Therefore, the biggest problem of blockchain is the lack of familiarity and difficulty in working with it.

Solutions to the Problems of Digital Dollars using psyche coin

Above are the problems of different types of dollars. It turned out that the main problems of digital dollars include the following
1- High transfer fee
2- Low transfer speed
3- The issue of authentication
4- Difficulty of the transfer process

But what is the solution to the problem?

The psyche coin provides a very good solution using the reflex algorithm. The most important difference between this coin and other digital currencies is that you can easily use it like PayPal and protect your privacy like cryptocurrencies. The advantage of this coin over cryptocurrencies such as Bitcoin is that it has a very low fee and a higher speed. Also, to use cryptocurrencies, you need to have access to your private keys, which are easy to maintain and use for everyone in the community. is not. But the psyche has solved this problem as well. You can send money to the desired people with just one email. In fact, high speed, privacy protection, zero fee, ease of use make this coin different from other existing technologies. So the difference between a psyche coin and others is that
1- Transfer costs in psyche are close to zero
2- Your privacy is never violated
3- The transfer speed is extremely high
4- It has extraordinary security
5. You do not need special knowledge to use this coin (even your grandfather can easily transfer money with it).

Conclusion

In this article, we examined the psyche coin. First, the problems of other technologies were examined and then the desired solutions were reviewed. As mentioned, the psyche coin has a significant advantage over other digital dollars due to its very low transfer costs, very high speed, privacy, and ease of use. Just try once.