Ethos is changing the game of a crypto currency market, with their universal wallet. What Ethos is bringing here is a wallet where a user can buy and store any crypto currency with security in their wallet. Basically it is a hybrid of a wallet like coin base and an exchange like binance. This is great because it will integrate buy options from fiat currency directly to the user’s personal currency. At the moment you can either buy BTC, ETH, LTC and BCH and then have to transfer them to an exchange and get Alt coins like ADA, Ripple and EOS. This process decreases your asset in the form of fees. Ethos is a stable coin with great potential and can revolutionize the block chain sake keeping wallets and exchanges. It is user friendly with their demo on the website.
This is the first time you can liquefy your crypto currency this will be an app on your mobile phone with a checking account, the user can instantly convert your crypto into fiat when at a gas station or a restaurant. This finally gives these amazing crypto currencies a practical day to day use in the real world.
The Ethos social is another step that is being under estimated. This way a user can easily send ethos currency to other users. Well how can this benefit us? Let’s see if you go abroad to work and have to send your assets back home for your family. Western union and MoneyGram has major fees and this is why these banks profit from us. Now you can just send your ethos via the Ethos social and they can liquefy it through the app and can have the asset with the least amount cut through the transfer.
The last thing is the instant coin basket. A lot of people out here don’t research coins on their own they either rely on people on YouTube or news that are just not reliable at majority. Like the pump and dump schemes for many of the coins. This causes big losses for new investors who are run over by these schemes. What Ethos is doing is they will setup a crypto expert’s body or department which will give financial advices to investors. These will surely be reliable and sane in terms of investing as they are involved in such a big community. The average Joe will have a neutral advice for investment in the market from an investor.
