The history of money goes deep into the past: it started with shells and beads at the dawn of time and evolved to electronic money and cryptocurrencies nowadays. The blockchain-based money is the pinnacle of the evolution of exchanging and saving. One can instantly send cryptocurrencies to any place on earth without limitations in volume while sending money via banks could take hours or even days. The difference becomes even more apparent with international transfers that are costly and time-consuming in traditional banking. Why then the majority don’t use cryptocurrencies? First of all, it is still not easy from a technical perspective. But mostly the reason is that in 99% of cases it is still not possible to use cryptocurrencies for purchasing goods or services.
Cryptocurrencies are not accepted in shops and you can not use them for everyday purchases since its high volatility constantly changes your balance, creating inconveniences both for merchants and you. By selling you goods for cryptocurrencies, vendors are risking to end up with less revenue by the end of the day in case the cryptocurrency exchange rate goes down. More inconveniences come from the fact that the crypto-fiat exchange still requires a third-party service with associated fees or a p2p service where more lucrative offers are accompanied with fraud risk. But MinePlex Banking aims to solve this problem for cryptocurrency users with its fully functional mobile crypto bank that is as secure as a traditional bank but as convenient as the most advanced services.
Using cryptocurrencies in real life
MinePlex is the CrossFi platform that combines the stability and liquidity of traditional financial instruments with the security and transparency of blockchain technology. As nowadays the life of a modern human runs around his or her smartphone, the MinePlex Banking solution is placed in the mobile phone and runs 24/7.
Thanks to blockchain technologies and the usage of smart contracts MinePlex allows a user to take control over his digital assets and be its only rightful owner who decides where and when to send his money. The MinePlex Banking ecosystem includes its own blockchain, mobile crypto bank, contactless debit cards, mobile application, P2P exchange, multicurrency and hardware wallets, as well as an educational platform, online store and the marketplace with the platform’s whitepaper.
Published at Sun, 27 Dec 2020 19:30:49 +0000