BITCOLLAR AS A SOLUTION TO A WIDER ACCEPTANCE – BitcollarDApp
Unarguably one of the most disruptive, exciting and controversial new developments in global economics, the arrival of the Bitcoin as a legitimate, popular currency has begun provoking intense debate as to the “future” of the world economy. Besides, many people simply haven’t been acquainted with this new, online-only financial resource, due in large part to its exclusion from the “real” world. Thus, up to this date, the usability, function and exchange of digital currencies have been limited and circulating around small communities-group of individuals or organization. Since the community is small, the ability to trade or spend it on various products is also limited. Thus, a lot Crypto proponents believe that currencies such as bitcoin will achieve universal acceptance someday. However, the path to its mainstream adoption is today hindered by one huge obstacle such as usability, safety and security.
While cryptocurrency promises that it’s accessible and decentralized, but then not many people widely accept it. Because its complexity is restricting its user, who is already working in a tech-savvy environment. But if such a system’s orientation process targets only these users, anyone who is not tech-savvy would likely be lost from the very beginning. Thus, if you haven’t heard of it or aren’t one of those who have spent much of your time in understanding, mining and acquiring the said currencies, you will not feel safe trading in or buying such currencies in exchange of items that you wish to sell or have. Plus, it has not been accepted widely, and the fear of the loss it may acquire in the future is excellent because there is no governing body in it. People would need to feel safe using it, but this would normally require the interference and approval of the government and general sectors of the financial market. Furthermore, many people are arguing that technical and economic challenges such as scalability, privacy and volatility need to be overcome in parallel.
However, if cryptocurrency is going to live up to its hype, it will need to attract users from all professions, backgrounds, and ages, which is why Bitcollar (BOR) was designed. Cryptocurrencies need to invest in ‘design thinking’ as the user-friendly design is at the core of any successfully adopted technology. This facilitates the engagement of two main audiences — individual users and more prominent organizations and for adoption to grow beyond technically-savvy audiences and include a broader base of individual users, accessibility of blockchain-related technologies plays a crucial role.
Additionally, not only users but also operators of exchange platforms often face difficulties interacting with traditional fiat-money-based banking facilities in the process of conversion of cryptocurrencies/assets to fiat currency. Nevertheless, institutions such as banks, central banks and governmental organizations are considering adopting bitcollar in various contexts ranging from increasing intra-bank transaction speed and cost-effectiveness to helping ensure the transparency of overseas aid programs.
Ultimately, a system like bitcollar could help cryptocurrency live up to its promise because it was designed to make onboarding simpler and guiding users through secure transactions as well as crypto management hence if cryptocurrency wants to really deliver a revolutionary way of bringing people together. Then it needs to make everyone want to be part of the movement and that why everyone needs to have Bitcollar as an all in one payment and investment platform.
Contact
Email: [email protected]
Website: https://bitcollar.io
Telegram Official Channel: https://t.me/bitcollarchannel
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Twitter: https://twitter.com/BitcollarDApp
Medium: https://medium.com/bitcollardapp
Linkedin: https://www.linkedin.com/company/bitcollar
Published at Tue, 17 Dec 2019 14:49:50 +0000
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