No matter how promising the future of popular coins like Bitcoin and Ethereum is projected, there will always be doubts of the possibility of them becoming the international payment method for daily transactions. Looking broader, the same case can apply to other blockchain networks which are trying to over-throne these two. Because cryptocurrencies have not reached the widespread adoption as a payment method yet. In fact, cash, credit cards and wire transfer are still in the daily use of global transferring even though it takes way longer to process and a hell lot more fee to complete one transaction.
There are some reasons to explain why.
- 1. Complexity: It is still complicated to the crowd so they do not want to use it. They need something simple to use - of course, in order for a large number of people to enter your field, you have to lower the entry barrier - the complexity of using your product. No need to talk about something abstract, just imagine showing your family how to create a Ethereum wallet, send and receive fund. Sounds teaching them a new language, right?
- 2. There hasn't been a practical and effective solution from the cryptocurrency world: Complexity mentioned above is the barrier. Now let's look at the driver: the benefits of using it. Unfortunately, we have to admit this. Even though the blockchain technology has enabled many disruptive cryptocurrencies to be born. Those blockchain networks like NEO, NEM or LTC,... they are fine, yet not good enough for the people to switch - the process still takes quite a long time, the transaction fee is still costly and the scalability is not promising. People need something truly worthwhile enough to be driver for them do switch.
- 3. The considerable regular fluctuation of cryptocurrencies' prices: Let's me be frank: would you use Bitcoin or Ethereum or even something cost nearly zero transfer fee like NEO to pay for your burger? or your clothes on e-Commerce platform
Not to mention their huge transaction fee, their prices' fluctuations will stop you right from the first place.
Now, you would wonder, even giants like Bitcoin, Ethereum or NEO could not conduct a revolution in the way people make daily payments. Then there is no future of cryptocurrency as widely used payment medium? Well, folks:
Nexty saves the day.
Why? because it solves all the above-mentioned problems which prevent cryptocurrency's adaption as daily payment method.
- 1. Barrier of complexity:Nexty wallet is one of the simplest application I have ever used. All you need to do is choose yourself a password, login and vio-la wallet created. Transferring funds? Have a look at this demonstration to see have easy it is:
- 2. Driver of benefits: In comparison with other blockchain networks, Nexty beats them all in both important aspects of Transaction speed (instant) and Transaction fee (Zero). Moreover, Nexty's scalability of 1800-2000 TPS is also amazing and powerful enough to fulfill its goal.
- 3. Price Fluctuation: Unlike most of other cryptocurrencies, Nexty has Price Stabilization System which is first operated by economics specialists and then automatically run by a decentralized algorithm. Their Smart Staking Program is also a part of the Price Stabilization System. In details, rewards are distributed to participants to stimulate them to hold or sell NTY coins.
Moreover
The Nexty team has fantastic plan to gradually increase their NTY coin adaption in daily use: leverage e-Commerce platforms and the Fintech wave. Specifically, Nexty will expand as an ecosystem to assist these companies, in return, NTY would be the daily payment medium. Slowly, NTY becomes the irreplaceable payment method for every transaction.
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Author: xiaolol123 - kennethdarren638
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