It is no secret that cryptocurrencies have become one of the main trends of the year. Many people criticize it for its volatility and lack of regulation. But, in fact, most fears have nothing to do with real risks, all can be reduced to simply not understanding technology.
TransCrypt aims to make cryptocurrencies equally available to everyone, from a high financial broker to every grandmother in the neighborhood. Invest earnings in bitcoins, use altcoins to buy coffee, jeans or plane tickets and pay taxes in cryptocurrency. How? With TransCrypt, a universal payment system for individuals and companies.
The application will allow users to handle all transactions as easily as sending "hello" in a chat. TransCrypt is based on the Telegram messenger: all contacts and message history are already there, so users do not need to keep both applications. In addition, customers can add their crypto-purses and credit cards.
At the end of 2019, the startup plans to present all the key functions for the main retailers and let customers pay for goods and services directly in the chat. Due to the built-in free conversion, retailers will not have to worry about their balances: they will receive payments in dollars, euros or any other national currency of their choice. The team believes that this will significantly increase the turnover of cryptocurrencies around the world.
"The cryptocurrency is already an essential part of our lives. It is a tool that everyone wants to use every day. And it should not be as difficult to understand as a Noble Report, for example. People just do not need that. They do not want another dark application on their smartphone, "
*** Nick Machulis, Executive Director of TransCrypt.***
>"The convenience of the user is more important to us than our ego. Therefore, we have decided to combine advanced technologies in a simple application, which allows customers to debate, reach an agreement and pay for the purchase in a single window. Soon it will be fine to solve all financial tasks in a couple of minutes. "
The main problem for the team is to improve the user experience, so that people forget about costly, complex and time-consuming transactions. Thanks to the ability to buy, sell and convert crypto and national currencies in the interface of a family messenger, TransCrypt will become an easy-to-use tool for both the sophisticated investor and supporters of traditional financial solutions.
The public beta will be launched in the second quarter of 2018 and will allow users to send, receive and convert cryptocurrencies in the chat window. The purchase of cryptocurrencies and fiat transactions worldwide will be implemented within the year. At the launch, operations with Bitcoin, Bitcoin Cash, Ethereum and Litecoin will be available through the application, and before the end of the year the company plans to extend this list to 50 currencies.