Global finance is seeing a remarkable change. The fintech environment is being redefined with the advent of cryptocurrency and blockchain technology, and the future is on the verge of becoming more sustainable. Digital payments are increasing at a fast pace, and so is the adoption of blockchain technology and cryptocurrency.
Bytus has revolutionized the world of crypto and set a benchmark for the future of digital payments. It presents a unique opportunity for fintech to take a leading role and usher global finance toward a sustainable future.
Cryptocurrencies have many capabilities and are fast becoming the future of global digital payment. Cryptocurrencies are known to provide protection and security. They ensure the processing of only valid transactions on a consensual basis with the use of distributed ledger blockchain technology. The crypto users can confidently do any transactions safely and transparently.
Cryptocurrencies ensure privacy and confidentiality. The digital wallets are controlled by public keys and private digital keys are completely secure and private. The anonymity of a transactor and each transaction done through a unique key makes sure that the protection levels are even higher.
The payment and settlement speeds make cryptocurrencies an attractive proposition for crypto users. The traditional payment system is complicated requiring multiple layers of intermediation for enabling transactions, while the crypto users can transact directly achieving greater transaction speed, significantly reducing time to seconds from days depending on cryptocurrency.
The efficiency and low transaction costs are one of the prime attractions for digital payment users to adopt cryptocurrencies increasingly. The cost of cryptocurrency transactions is quite low or near costless, and as such third parties don’t charge any fee or transaction cost. However, this isn’t the case with traditional forms of transactions in which the intermediaries are known to charge excessively.
Bytus aims at building a sustainable fintech environment with its robust ecosystem, which has become a hallmark for global digital payment. Bytus ecosystem, which comprises Bytus Private Blockchain, Bytus Wallet, Bytus Token, and Bytus Crypto Bank, ensures seamless transaction experiences for all of the crypto users. Buying and selling with crypto has become simpler and easier than before.
Bytus has sought to remove all the obstacles through security, usability, and speed and made crypto an acceptable form of payment. Bytus ecosystem is allowing the crypto users to access a wide variety of retail stores and enabling them to make purchases and pay through the Bytus Token. The users are also taking advantage of making savings by not paying any transaction fees during the fast and easy conversion of crypto into fiat money through the Bytus Crypto Bank.
The Bytus Private Blockchain has already attracted more than 1,000,000 retailers from across the world and is marching ahead toward building a sustainable fintech environment with a robust Bytus-based economy. Undoubtedly, the varied capabilities of cryptocurrencies, including safe, secure, faster, cheaper, borderless, transparent, and universal access to financial services will lead to faster adoption and brighten the prospects of global digital payments further.
Altug Tatlisu is the Founder & CEO at Bytus, Inc., and a member of the British Blockchain & Frontier Technologies Association. Accomplished software developer with 25 years of experience in the development of applications. Excels in every stage of the life cycle of software development, including design creation, coding, debugging, testing, and maintenance. Expert in devising innovative and tailored solutions to assist businesses achieve their goals in a variety of industries. Advanced skills and knowledge of leading programming tools with a strong background in mathematics, algorithms, and data-processing logic.