INTRODUCTION
The financial industry of the world has undergone several changes throughout history and these changes are all geared towards making payment for transactions secured and very convenient. Beginning from the era of barter trades till the introduction of legal tender currencies these are some of the mode of payments for transactions that have been used over the years. The increase in development of technology along the line also brought about the use of electronic payments methods such as Visa and Master Cards. About a decade ago another mode of making payment for transactions was also introduced to the cryptospace by using cryptocurrencies to make payments. Bitcoin was the first cryptocurrency to be generated and ever since then several cryptocurrencies have also been generated into the cryptosphere. Prominent among these cryptocurrencies are Bitcoin, Ethereum, Dash, Litecoin, Ethereum Classic.
In as much as cryptocurrencies are gaining mass adoption in its use in the payment of cryptocurrencies we still make use of fiat currencies in the making of payment for transactions that we make daily. There is therefore the need to bridge the gap between the fiat industry and the digital industry on a secured platform to ensure safe and easy transactions among crypto enthusiasts. Several ideas have been initiated but most of these platforms have been either hacked or has been shut down. There is therefore the need to create such a platform to ensure the smooth interaction between the use of fiat currencies and digital currencies.
HINDRANCES IN THE MASS ADOPTION OF CRYPTOCURRENCIES
Poor Level of Security
Security is one of the greatest concerns of every investor because it’s so heartbreaking to have your hard-earned funds stolen by hackers without being able to trace them or have some sort of refund even from the platform. Though the crypto industry is still in a very young stage it has suffered several attacks of hacking on various exchanges and platforms. News about Cryptopia, Coinrail, Mt Gox are some of the common hacking that have happened in the crypto industry which led to the loss of huge sums of money. The poor level of security has deterred so many investors from investing into the cryptospace. Cryptocurrencies though created to improve upon the payment system of the world have been black-labelled as not secured because of all these security breaches that occurred on some major platforms.
Poor Delivery of Services
Cryptocurrencies has seen mass adoption and this has brought about so many crypto noobs in the cryptospace who are not fully informed with the use of cryptocurrencies to make transactions yet these crypto noobs are provided with very complex user interface which makes it difficult for them to make transactions using cryptocurrencies. It is basically due to these difficulties that makes most people get easily scammed and also make mistakes when conducting any transaction with someone. Most crypto enthusiasts actually complain of the long hours that it takes some platforms to actually reply their support emails when members have complaints. It’s actually gets worst when users don’t get with some platforms which don’t have any support channel through which members can get the needed assistance from leaving users to their own fate. These and many other challenges that some users face which also tarnish the image of crypto investments.
CHARGING OF EXHORBITANT FEES FOR TRANSACTIONS CONDUCTED
Imagine being offered all these poor and unsecured service yet you are charged high amount of fees for transactions conducted. Some fiat operating system which serve as entry point into the investment into cryptocurrencies actually charge very high amount of fees. Coinbase, Eccurrency4u are some of these cryptocurrency entry platforms into cryptocurrency investment platforms. Satoshi Nakamoto had in mind of inventing a monetary system whose cost of transaction would be very low but it is very disturbing that some of these platforms charge very high fees for transactions that are done on their platform.
THE SOLUTION THAT HUBRIS ONE PROVIDES
The crypto industry is still developing and this is the perfect time to bridge the gap between our traditional banking systems and our cryptocurrency portfolios. The introduction of Hubrisone brings about a coherent interaction of our banking systems and cryptocurrencies. Through the efforts of Hubrisone crypto enthusiasts would be able to create a digital banking platform where they can store their funds in both cryptocurrencies and fiat currencies based on the users’ choice. In order to safely secure the Hubrisone platform, members would undergo a Know Your Customer Process and Anti-Money Laundering process to enhance the security of members on their platform. This would further prevent any attempts of scams that may be tried on the platform.
To make transactions very easier and convenient, HubrisOne has developed a cryptocurrency wallet which would serve as the bridge platform between the bank accounts and the cryptocurrencies that they hold. With HubrisOne, users can directly purchase cryptocurrencies directly from their dashboard with ease and in a very secured manner other than purchasing from exchange platforms which can easily be hacked at any point in time.
In addition, the Hubrisone platform would adopt the use of the Stellar blockchain network in increasing the speed of transactions conducted on the platform. The Stellar blockchain can conduct over 10000 transactions per second and this would really help make payment with the use of the Hubrisone application very fast. This would relieve crypto enthusiasts and cryptopreneurs from all the stress of waiting for long hours for transactions to confirm. There are times when major blockchain networks become clogged with so many unconfirmed transactions. However, with the use of the Stellar blockchain networks all these blockchain stampede to would be avoided to make transactions very swfits.
HubrisOne is a one-in-all solution being offered to both crypto enthusiasts and investor in the outside world. Please refer to the website or whitepaper to get more information about all the features of HubrisOne that could not be contained in this piece of writing.
TOKENS AND TOKEN SALES
Below is an image displaying the token details and its sales of HubrisOne and this is the right opportunity to for investors to invest into this project.
TEAM MEMBERS
This project is pioneered by a group of experienced individuals who have in-depth knowledge in their various fields of discipline. The image below shows the team members behind this project, follow up to the website and read more information about them.
CONCLUSION
Just as the name goes, HubrisOne would serve as a round table which connect both systems of traditional banking and cryptocurrencies together. This platform would be very secured against all attacks of hackers and it provides its users the very best of user interface through its mobile wallet application which is available for download on both Google and IOS markets. HubrisOne is all about making the interaction of cryptocurrencies and fiat currencies very swift and easy for crypto enthusiasts.
For more information please follow up on their official and media channels
Authorship
Bitcointalk username: Aponkye1