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It’s been a decade when cryptocurrency came into existence. Is it still accepted worldwide? Cryptocurrency has been taboo lately. Reception of it has always been a problem. Users who have access to digital coins are unable to use them for the purchase of goods and services because of a lack of a supportive ecosystem and infrastructure.
This infrastructure has innumerable concerns that make dealing in cryptocurrency troublesome are listed below:
1. High and unpredictable commissions. In numerous exchanges including cryptographic forms of money, commission rates for installment are very deregulated making it hard to make precise expectations. Therefore, the expense of any exchange can lead to an out-of-the-blue increment.
2. Low-security Crypto wallets have been trending lately and have been trending all over the online platforms. This online flooding has resulted in low security and also exposes it to many vulnerabilities.
3. Cryptocurrency confirmation is a long process. In many Cryptocurrency con chains, a single transaction subentry can take up to 30 minutes. This is not ideal for buyers and sellers who are used to instantaneous results in traditional modes of payment.
4. Poor usability. The average user doesn’t know much about blockchain applications and as a result, takes a considerable time to understand each process. A well-implemented blockchain application is easier to understand.
The major problem with cryptocurrency platforms is that very rare one anyone allows exchanging cryptocurrency for fiat. Bytus comes to the rescue of all the crypto users. Bytus is inclined to help retail chains introduce cryptocurrencies as a viable payment option. This helps to attract new customers who want to pay in cryptocurrencies, helping clients explore new markets; Enable the user to independently control the security of their funds Bytus has a mission to create a convenient, safe ecosystem so the user can conveniently pay both through payment terminals and via the internet using a QR code with the instant conversion of cryptocurrency, Bytus is all determined to build an efficient platform for all crypto users.
Author Bio
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.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.