With the advancement of technology today, more and more things are being moved to the network environment. Through this online world, there are many things to be done. It includes running business and making transaction. Speaking about transaction, there are payments to be made of course. Thus, it marks the making of crypto currency as the money for the transactions being made online. For that, digital wallet is needed. That’s why you get XCARD as the choice as introduced in http://xcard.io/. Let’s talk some more about it here and find out what problems it is meant to solve.
What XCARD Digital Wallet Is Defined As
As it was said above, it is digital wallet we are talking about here. You have crypto currency as your money to make transaction online. Once you have it, where to put it? That’s where you will need the wallet. That being said, there should be more to it than it being your crypto storage. Fortunately, the one we are talking about here is an all-in-one kind. After all, besides serving its purpose as digital wallet, it could also act as crypto credit card with the most convenience you can ask for. It is pretty much helpful for buyers without doubt.
However, let us tell you that it is not beneficial for buyers only. After all, buyers are not the only participant involved in online transactions. There are sellers as well, right? This digital wallet will also be of help to receive payments for them. It is an all in one kind, indeed. With digital wallet this good, you can feel more secured leaving your crypto currency to it. Don’t take network environment lightly. One careless act can cost you something. It is best to make sure of everything as best as you could. So, do try this digital wallet here.
It is different than any others. There are still a lot to learn about it even. After all, this digital wallet has solved a lot than what you might imagine. That’s what makes it special than the rest of its kind. It is not the only one ever existed, you see. You have to look into it further and compare it with the others, so you can settle on the best choice in the end. It is if you really want the best choice of all to help you with all of your online transactions. You can’t find digital wallet of this kind just anywhere out there. Do consider choosing this one.
What Problems XCARD Wallet Deal With
Yes, we can’t argue that crypto currency has contributed so much for online transactions. Thanks to that, we have the means to both receive and send money. That being said, things have made things hard for us to pay with them in all sorts of place, like regular shop or online even. What use of having much crypto without being able to spend it? How can it be so and what are exactly the problems that this digital wallet we talk about here is trying to deal with. Now, let’s get down to it and make everything clear in this opportunity here.
• Little to No Means to Use Crypto
First than anything, you need to know the use of crypto currency is not yet to be fully appreciated by many people. In fact, there’s very little interest in this new means of making payment in transaction. Considering it being new, it is not so surprising if it is not yet to be popular among people. However, there has been so much talk about spending crypto in trendy new bar or corner store. Such place allows people to buy snacks and drinks with Bitcoin, Ether, or other crypto currencies existed today.
That being said, it is just what’s stories could tell us about. It doesn’t say anything about the fact of the situation in reality. Need to be known that it has been estimated there is as little as 0.1% of commercial establishments that accept this new currency in the whole world. Even if they do accept it, it’s usually out of curiosity and intention of experimenting it. Either way it’s soon to be terminated eventually. Don’t you think it is pretty depressing? However, this is the fact we are facing right here.
Many entries accepting crypto might have gone out of business. Even if they are still running, they might be no longer accepting crypto. With real problem like this, it does not seem to be promising enough for crypto currency’s future. We need something that can guarantee the opportunities to pay with this new currency. How could you hope to benefit from it if it does not even get the chance to be applied in the real field? That is why this digital wallet finds it important to deal with this issue.
• Longer Intervals for Settlement
There is more to it in transaction if you look into it in detail. It is especially so when it comes to network transactions. Why, of course, it is because they are prone to cheat and fraud way more than what we find in real world. That is why some approaches are designed to lower the risk of such thing happening. Honest transactions have to be confirmed by the involved parties as well. However, there is one drawback to it that you need to know. It is about the distributed nature of this process.
What’s with the process? Need to be known that it is actually slower than centralized systems. You get immediate confirmation. Not to mention, it ensures safe transfer of the funds too. Now that’s what you would want from transaction. Unfortunately, that’s not the case with crypto currencies. There are settlement intervals for the safety confirmation of the transfer of funds. The system is yet to work in fast pace. That is not even the only problem with the use of this so-called crypto currency.
Things have been difficult to mainstream crypto payments because the transaction costs have always been high. There is no compatibility between the processes and the routines even. The long transaction is sure to affect the crypto currency’s economy as well. Overly long intervals sure are not something you can just leave it be. For that, this digital wallet aims to solve this problem too. If you can turn it the other way around, it will affect the economy positively after all. It is worth dealing with then. Don’t you think the same too?
• High Chance of Change and Risk
Thanks to consensus mechanism, the crypto currency transfers can be done in fast pace. That being said, it is not so fast that it goes instantly. It is not real time too. Let’s suppose you are going to transfer coin. Then, the change in exchange rate might happen in significant way. So long as people making their payment with FIAT currency, the commercial rates will be based on its rates. In order to pay with crypto, you will have no chance but to convert it to crypto currency. It is pretty much of a task at this point already, don’t you think?
It doesn’t just stop there, unfortunately. The crypto will have to be converted back to FIAT currency. What’s more? We can’t be certain about the amount we receive after converting. It can either be significantly larger or smaller than it is originally. Now that you have known the problem, surely you would agree that it poses quite a risk to bear. It is not only risk the businessmen, but the customers as well. If both parties are affected negatively like this, do you think you can be fine with how the crypto currency goes today? No, you can’t.
It affects the people too far, so it is best to deal with it as soon as possible. It is if you wish for better crypto currency transaction in the network environment. With how things go, it is not convenient to have to convert the currency more than once. Remember that the amount you get is not certain too. You won’t be able to make sure of earning handsome profit if that is the case. It is best not to take the risk if you don’t want to suffer financial loss. This digital wallet sees it important to take care of.
• Freeze in the Participants’ Funds
The problem we have next here is actually caused by certain misconception. It has been commonly known that many people don’t find it hard to believe it. This misconception is about crypto currency being able to independently render both business and funds from dangerous third party’s influence. Unfortunately, this is not the case. Even today’s convenient spending of the crypto still makes you dependent on card issuer. Do keep in mind that relying fully on one supplier won’t help you dealing with any risk. Why can it be bad idea then?
Did you know? Each vendor can always act on its own will. If they so wished, they can stop giving any support to crypto currency. Not to mention, it can happen any time of the day. They can even change the terms and conditions too. What do you think would happen to you when the vendor’s sudden decision gives damage to your funds? The Coinbase will have no choice but to freeze Wiki Leaks account. Other people won’t even get to know the reason. Now, that’s pretty annoying, don’t you think? You don’t want that to happen.
Waking up in the morning only to find out that your payment provider doesn’t accept your business or anything related to it anymore is the least you would expect from it. Problems as major as this won’t miss the attention of this digital wallet we have here. After all, it is meant to take care of all major problems and become the best digital wallet for crypto currency, not just some with no power to do anything of use. At all cost, you can’t let ourselves be doomed because of the vendor doing whatever it pleases. It’s meant to deal with.
• Hyperinflation of the Currencies
Looking back, you might find many currencies have become the power to national economies. That being said, it was the story of the past for it has ceased to exist today. Furthermore, most currencies today are not stable enough to meet the standards. It goes the same with the emerging markets as well. In the quest of saving themselves from hyperinflation and devaluation, more and more middle classes have begun to look for investment. As the time passes, they eventually emerge and become part in many developing countries today.
Even with all of that though, the income and wealth inequality in those countries still make the people worry about the safety of their funds. That is why people are seeking crypto-based solutions that are attractive and user friendly at a time. Only then, they don’t have to worry about any high inflation of the currencies, thus financial goals can be met. Many currencies today might have lost their value for the last hundred years, but it does not mean that there is no way for us to return to such time of glory with today’s currencies.
The emerging markets can still be developed even further. It is not impossible for them to meet the standard as long as we make the effort to do so. Not to mention, many people are developing crypto-based solutions too today. If we can meet the demand of attractive and user-friendly solutions, it won’t be so long before we can completely deal with FIAT currency hyperinflation. Better take the challenge than forever dwelling in never ending problem. This digital wallet does aim to meet this very demand to solve the issue.
Conclusion
Now that we have talked much about this digital wallet of many capabilities, we can be sure that it really is special than any others. Of course, the major problems mentioned above are not just mere problems to mention. They are what it intends to solve and this digital wallet is the result of such effort for all of those problems. Secured wallet is what it can ensure you and you can learn more of its capability by reading through its white paper at http://xcard.io/static/XCard-Whitepaper-21082019.pdf. You will find everything you need to know about this great solution of crypto currency adaptation problems in the market.
Website: http://xcard.io/
White Paper: http://xcard.io/static/XCard-Whitepaper-21082019.pdf
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