Technological advancements took a different twist in 2009 when blockchain debuted. Soon after, it incorporated cryptocurrencies, otherwise called “digital assets.” The two grew in leaps and bounds to become forces to reckon with in the world.
Cryptocurrencies are famous for their decentralized mantra concerning the financial sector. They’ve recorded massive success in the last couple of years but need more intervention to attain the highly anticipated status of global currencies.
Current Challenges
The problems in the cryptocurrency industry are many. They cut across different segments, including but not limited to low transaction throughput, security lapses, and high fees. These and many other problems tend to reduce the overwhelming influence of these coins, if not checked.
Is there a Solution?
Yes, there have been solutions that are devised to reduce the overbearing effects of these challenges. While some of these solutions have been effective, some others found themselves struggling with the difficulties in the end.
Now, the crypto community is about to witness one of the most robust platforms with a variety of features aimed at repositioning cryptocurrencies for the best. That platform is PointPay, and I am pleased to outline some of its features.
Decentralized Banking
For some time now, the crypto community had been inundated with talks of creating cryptocurrency banks on blockchain. While the prospects of this banking model are exciting, they tend to remain on paper as only a few platforms took steps to put them to action.
PointPay is not taking the back seat in the whole affair. It already has plans to kick off a decentralized banking platform on the blockchain. Among many features of the bank are:
Debit and Credit Cards
These would be issued on the MasterCard and VISA payment networks. Ideally, cryptocurrencies are used to fund the card.
Stock Trading
It would interest you to know that you can trade on the conventional stock market using the PointPay Crypto Bank. It also empowers you to engage in the transaction using your smartphone.
Loans
The time has come for crypto investors to issue and receive loans through digital assets. That forms part of the varieties of features on the decentralized banking operation proposed by PointPay.
Innovative Cryptocurrency Exchange
The combination of centralized and decentralized cryptocurrency exchanges was meant to be the one-stop solution to the challenges in trading on crypto coins. The model hasn’t been active as expected.
Hence, the invention of the PointPay Cryptocurrency Exchange Platform promises to do better. It empowers users to transact on the go across a spectrum of devices, including mobile apps and Personal Computers (PCs).
The crypto exchange also allows interoperability among many currencies. That allows crypto investors to exchange their assets for the fiat equivalent and vis-à-vis.
Security is top-notch on the platform. Aside from the Two-Factor Authentication (2FA) feature, the platform also allows you to use additional security apparatuses, such as Face and Voice ID verifications.
Concluding Thoughts
PointPay is like a once-in-a-blue-moon kind of project. Hence, the community of cryptocurrency investors shouldn’t waste more time to embrace it into their fold. Doing so empowers them to use the rich-filled features on the platform that promise to boost the fortunes of cryptocurrencies.
USEFUL LINKS
Website: https://pointpay.io/
Whitepaper: https://cdn.pointpay.io/WhitePaper__en.pdf?cache=1.4
ANN Thread: https://bitcointalk.org/index.php?topic=5151668.0
Telegram: https://t.me/pointpay_talks
Facebook: https://www.facebook.com/PointPayLtd
Twitter: https://twitter.com/PointPay1
AUTHOR'S DETAILS
Bitcointalk Username: Ebubuemma
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2568952