Cryptocurrency and blockchain technology remain the most annoying and revolutionary 21st century technology. Since the innovative creation of Bitcoin by the mysterious Satoshi Nakamoto more than 3500 other cryptocurrencies has been made. This results from the success of Bitcoin itself.
Cryptocurrency was created to transform and revolutionize the financial world as we know it, and blockchain technology was created to serve as a validation mechanism. Since then, the technology has been applied not only to the financial sector but also to other industries such as oil and gas, real estate, education, medicine and even law, just to mention a few.
Problems
There is no cryptocurrency application for everyday life despite industry disruptions and technological advances that provide blockchain, an area that remains largely untapped is the usefulness of Cryptocurrency in everyday life.
Both fiat and cryptocurrency currencies can be called money or currency, because they are the medium of exchange used to store and transfer value, both can be used for the purchase of goods and services, both of which have their value regulated by supply, demand, employment, scarcity, and Other economic factors, both have their value influenced by the quality of the system surrounding it, both can be traded exchanges. However, Cryptocurrency is very limited especially when it involves buying goods and services. As much cryptocurrency has become a darling medium, it is still not widely accepted or generalized. In fact, only one full-handed state is cryptocurrency friendly.
Difficulty Into Cryptocurrency World
It is a very tiring task of trying to participate in the world of cryptocurrency, the interest of beginner investor cryptocurrency is actually tested at the point of first purchase.
When new and inexperienced cryptocurrency fans get into the context of a real purchase, they realize that is not so easy to get, and some may even lose interest. This is largely as a result of using the registration procedure that must be done by the investor.
Signing up on exchange platforms in another to be able to liquidate a person's cryptocurrency is another challenge as exchange requires a tiring and time-consuming process involving KYC (know your customers) validation that can take days or weeks.
Centralized Exchange
Decentralization is at the heart of the value proposition of blockchains; However, the central entity still plays a major role in the process of buying Cryptocurrency. As a result of the centralized nature of the exchange, the challenges facing this platform have greatly detrimental to cryptocurrency traders and investors using this platform.
The exchange has struggled to keep up with the very dangerous people of cryptocurrency market growth and volume so much that some of the existing centralized exchange platforms even started closing new members because it has become almost impossible to meet demand. This makes it very difficult for beginners to get cryptocurrency.
Currency traders and Cryptocurrency investors have lost so much money because this centralized exchange platform at a certain point stops trading, suffers blackouts, and falls when volumes and demand are high.
No Cryptocurrency Adoption Bulkly
Despite the popularity of cryptocurrency, especially with attention, the media has granted it, there is still no mass digital currency adoption. This situation is largely due to the overly complex purchase process required to obtain cryptocurrency.
It's not like you could just walk into a store and buy cryptocurrency, because nearly 2 billion adults do not have a bank account and do not have the necessary bank account to buy crypto currency.
The Challenge of Transforming Cryptocurrency Into Cash
The last mile issue in cryptocurrency transactions has not been solved. How to change cryptocurrency into cash in just minutes? Cryptocurrency is a new and modern way to store value. However, it becomes a challenge to convert that value into cash.
Although there is an existing platform that provides this service, it usually takes a few days for the transaction to complete, this can be very difficult for individuals who are in dire need of quick cash and can not afford to wait that long.
FIXY Network Solutions
Fixy Network allows people to use cryptocurrency in their daily lives. The Network will include decentralized markets and decentralized exchanges. Entry to the Cryptocurrency Market has never been an easy process for new cryptocurrency fans, but with Fixy Gift Cards, which will be available in every corner of the store and will be sold COMMAND. The entire Fixy network is designed to facilitate the ease of entry into the world of cryptocurrency and also has features that enable efficient cryptocurrency applications of everyday life.
Key Features of Fixy Network
Greeting cards
Gift Cards provided by Fixy will give people the opportunity to enter into cryptocurrency-world without going through a verification process that does not take much longer than it should. Gift Card purchases will be provided by Fixy verified Shops and will be easy to find using our Store Finder. The Gift Card will be sold by FIAT money, which will be possible to be deposited on a Fixy App where users can use this amount in decentralized Exchange and Decentralized Markets.
OTC Trading
The Fixy OTC trading feature is fully decentralized. The OTC trading feature from Fixy will let users exchange Cryptocurrency in both cryptocurrency and FIAT money at no cost charged by Fixy. To be part of the world of cryptocurrency, people need to invest in coins with FIAT value, but the exchange platform that provides this service has a cost that makes this transaction more expensive than usual. This cost has made it impossible for a small investor to join the cryptocurrency world. Moreover, centralized exchange of platforms usually has limits on the volume of cryptocurrencies that users can buy.
Store Finder
The "Store Finder" feature will allow users to check their environment to find Fixy acceptable where users can purchase items using Fixy. Also, this feature will facilitate cryptocurrency trading, as users will be able to use it to find their favorite cryptocurrency and other merchants who want to sell or buy.
Private and Commercial Markets
The main criticism of cryptocurrency by experts and investors is that cryptocurrency investment is almost useless for everyday life. The Fixy market changes things that happen together and organizes the company on one side (companies on the platform referred to as partners) and on the other hand, bringing together customers (customers referred to as users on the platform). The fixy private market is the network for the world of cryptocurrency, that anyone can attend. The fixy trading market is a network for Partner companies that have paid entry fees in Fixy Token to be part of a platform for selling and advertising.
Smart Contract and Free Messaging Service
The fixy network also uses smart contracts to make deals, in this case, the fixy tokens will be used for payment. On top On the other hand, users can do OTC without smart contract by using our free and secure messaging service. This second feature will have a trust score system where users can provide reviews and ratings about the nature of their experience when trading with other users.
How Fixy Network Works
The Fixy Network brings together customers and retailers interested in participating using cryptocurrency for transactions. New participants can enter the world of cryptocurrency by purchasing Fixy gift cards that will be sold at approved stores across the globe. New user cards will be credited as soon as they go through the "know you" customer process very quickly while existing user balances will be loaded directly into their wallet. In other words, the general idea of the Fixy market is to connect users and partners through a simple process.
Users are consumers who want to pay with popular Cryptocurrency:
- Bitcoin
- Bitcoin Cash
- Ethereum
- Litecoin
Partners are retailers selling Gift Cards and Fixy Network members who have paid for membership and advertising fees with Token Fixy. Both parties benefit from Fixy marketing in the following ways:
- Partners
In terms of digitizing, retailers always need new products and solutions to retain customers or even win new ones. Fixy marketplace offers such solutions through Gift Cards. The shops being Partners of the Fixy Network will offer Fixy Gift Cards to get new investors. They can also share ads in Apps. Partners can be found with the "Store Finder" tool directly with the App.
- Users
Gift Card Holders can purchase their Bitcoin, Bitcoin Cash, Ethereum, and Litecoin Fixy Applications. Users can pay a portion for their purchase with Cryptocurrency by using Fixy Network. Also, they can hold cryptocurrency for a business, and then buy a product with a higher value (as a discount).
Although various Cryptocurrency will be traded on the Fixy platform, the Fixy token will serve as its own platform currency. Partners who want to be part of the network will do so by paying Fixy tokens. In addition, Fixy tokens will be used to purchase ad space on the platform and can be used to make purchases. To prevent, inflation and maintain a steady rise in value, the Fixy token will have a fixed quantity supply of 100,000,000 FXY.
Official Reference
Website
https://fixyapp.io/
ANN Thread
https://bitcointalk.org/index.php?topic=3084108.0
Telegram
https://t.me/fixynetwork
Facebook
https://www.facebook.com/Fixyapp.io/
Twitter
https://twitter.com/fixy_app
Author
Bredd6767
Bitcointalk Profile
https://bitcointalk.org/index.php?action=profile;u=1204015
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