Eduardo Tió Gómez
There are many culprits to the cryptocurrencies current bearish season. From fork shenanigans to controversial stablecoins, everyone seems to have an explanation. However, one factor both experts and enthusiasts agree upon is that the cryptocurrency space is not user-friendly enough for mass adoption. It’s filled with clumsy interactions on too many different services with steep learning curves.
Better options are already available. Since last year, a new cryptocurrency exchange aggregator named CoinSwitch is helping users convert more than 400 currencies across 45,000 pairings. It may well be one of the first components of what is now called Web 3.0: A layer of blockchain-powered applications that make all the complicated blockchain infrastructure easy and accessible to everyday users.
For Everyday Users
Most people lack the time to get familiar with every separate service or cumbersome platform. It’s easy to feel uneasy when using an unknown exchange for the first time. Some have uncomfortable policies or become inconveniently glitchy when it’s time to withdraw funds. To say nothing about liquidity issues.
CoinSwitch lays the whole market at its users’ feet. They can count on it as a meta-exchange where they find the best deals on the market in a single place. The top-rated service scrapes data from every major exchange to give users the widest set of options for their transactions. These include IDEX, Bittrex, Bitfinex, Okex, KuCoin, and Cryptopia.
There is also no need to trust a third-party wallet service. CoinSwitch allows anyone to convert their holdings directly and anonymously from the safety of their own wallets. They don’t even need an account. Users only need to use a seamless conversion transaction that works even from hardware wallets like Trezor.
CoinSwitch’s service is free of charge on most transactions. Over three-quarters of the listed exchanges do not charge CoinSwitch users anything extra. Others only collect a minimal 0.49% fee, at most.
Everyday users are not the only ones who benefit from using CoinSwitch. Besides hardware wallet integrations, the service’s API is already used by countless other blockchain projects. Gaming sites like Stake.com and Bearescape.io use it to offer users an easy and secure way to recharge their accounts. Likewise, CoinSwitch is launching a payment gateway where merchants can accept over 300 cryptocurrencies.
Already influential in the APAC region, the Bangalore-based startup has attracted funding from prestigious firms such as Silicon Valley’s Sequoia Capital. CoinSwitch is founded by a team of professionals stemming from Amazon, Microsoft, and Zynga, who succeeded in building the cryptocurrency exchange aggregator that serves the highest number of daily transactions.
For the Blockchain Community
The startup is also engaged with the community of blockchain entrepreneurs and developers at large. CoinSwitch offers a customized cryptocurrency exchange that can be quickly embedded in any website, with no need to code a single line. Projects like Skycoin, Gobyte, Komodo, and Reddcoin have already taken advantage of this feature.
Services like CoinSwitch are providing the foundation for a more accessible and user-friendly cryptosphere. One that is ready for mass adoption.
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
FOTON Bank Is Launching An All-in-One Crypto Banking Service to Process up to 500 Transactions per Second
The decentralized FOTON project is launching its next-generation crypto-bank ecosystem to stimulate and facilitate the use of cryptocurrency payments worldwide, as stated in the official press release published by the company.
The statement issued by the FOTON project on December 3, referred to the launch of a decentralized crypto-bank designed for multi-currency transactions featuring a built-in fiat and cryptocurrency exchange system and instant contactless payments for goods and services worldwide. The system is intended to become a stable and flexible ecosystem that will enhance scalability for services related to financial assets, exchange solutions, cards, accounting, and business/customer services.
The technology being employed in the design of the ecosystem was specifically created to tackle some of the most critical issues facing the modern banking system, as well as the widespread adoption and application of cryptocurrencies in routine business transactions. The issues the FOTON project’s ecosystem seeks to solve include overregulation, bureaucracy, centralization, system faults, volatility, legal constraints and complications related to practical use.
“We are creating the ecosystem that will prove to be the impetus and basis the crypto market needs to make the effective transition to becoming the next global banking system,” as stated by Andrey Pashkevich, CEO and Co-founder of FOTON.
“The time to buy is when there’s blood on the streets” – Baron Rothschild
You have probably heard these stories, but let me explain why they are as important today as they were 100 years ago when first spoken. Not only that, it is just as relevant today. A bit of a background first.
Napoleon was at war with England. The Battle of Waterloo, it was England’s last chance to save itself, and remain as England. Baron Rothschild was standing at his post in the London stock exchange. If England wins, the market will rally, if Napoleon wins, it will go to shit. Baron Rothschild sends his private messenger to Waterloo and demands that he return to him and report who won the war.
His messenger does so and makes it in time before the public knows anything. England had won the Battle of Waterloo. At his stand on the exchange, what does Barron do? You would think buy up stocks right? Nope, Baron starts to sell, at first slowly, and then faster. The other brokers on the floor watch what Rothschild is doing and think “Baron knows something, we lost, start selling”. Now, the brokers on the exchange begin selling in a frenzy. In the midst of all this, Baron begins placing buy orders at the bottom of the market through other brokers who do not know…
Crypto Users’ Search For a Good Bitcoin Blender Stops With Bestmixer.IO
At first glance, it might seem easy to find a good bitcoin blender that guarantees your anonymity and is secure. There are after all a number of big bitcoin mixers on the market, so how different can their services really be?
If that’s what you’re thinking, beware. All bitcoin blenders claim to have anonymous transactions – that is after all the main reason why anyone would want to use these services. This claim was however always difficult to test. How does one go about to check if these promises are indeed true?
This was the case until BestMixer.io appeared on the scene. Unlike previous bitcoin anonymization services, BestMixer.io features complete, verifiable anonymization for bitcoin. Releasing a utility named the Coin Anonymization Event (CAE) check, BestMixer.io not only proved that their bitcoin transactions could not be traced, but also showed that those of their competition could be. With this bold move, BestMixer.io not only demonstrated that they are a good bitcoin blender, but one could argue that they are the best. Even though those services that were exposed as not being anonymous have in the meantime changed their systems to prevent the CAE-check from revealing transaction detail, would you really be happy to trust them again?
BestMixer.io mixes not only Bitcoin, but also other leading cryptocurrencies including Bitcoin cash, Ethereum, Litecoin and Bitcoin SV.
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