Evolution of the means of payment:
Before the existence of coins and paper money, humans were using the trade by barter system as the main means of payment.But a time came when they needed a legal tender, something valuable and acceptable by all,something to reduce the time wasted in searching for someone who's ready to trade with you.
Then coins and paper money was introduced as the all accepted means of payment. With this system it became super easy to get what you want,all you needed was just to get cash. Sell what you have in cash and use the cash to get what you want.
With the introduction of coin and paper money,banks as we know today came into existence.This banks help you keep your cash safe, and you can get it whenever and wherever you want it.
Introduction of the digital world:
Today the digital world introduced some few years back has enhanced our quality of life and made many things super easy for the human race. Because of the introduction of digital system the whole world has turned into just one entity, we feel close to each other, can communicate with anyone from anywhere in the world, can make fast purchases from anywhere around the world. Because of this change the financial sector needed to improve its game.
Introduction of cryptocurrency:
In 2009,the first cryptocurrency was invented(bitcoin).This form of currency is not regulated by any imperfect economy and transactions can be done without any form of intermediary.Everything seems so easy right now with cryptocurrency around, we could do so much without restrictions from any government barriers or regulations, our money is more safer and it can be easily convertible to any form of currency.
But with this great innovation comes a great need.although the crypto world has done so much for mankind,it still need to increase its game.
"Why be good when I can get better?"
problems faced by this powerful system:
problem 1:The payment for each transactions on the crypto world is very high
problem 2:Use of applications involving the crypto world is very complicated and not easily understood
problem 3:The problem of having too many wallet for the safe keeping of cryptocurrency which might lead to loosing ones fund.
problem 4:Minimum transaction speed
problem 5:Unavailability of a secured wallet were all funds can be saved in, also with the ability of doing transactions.
The above problems are issues faced by the crypto world, But I guess this ain't problems anymore because Alttex is here.
What is Alttex:
Alttex is a full mobile cryptocurrency platform containing a decentralized exchange, a crypto-messenger and a Smart Safe. Alttex will give users the ability to fully control their cryptocurrencies through mobile devices. Whether it is exchanging, shopping or chatting, Alttex will be a one stop app to do it all.
Alttex is the all in one application for everything you need in this new age of digital currency.This application is very user friendly and it is made mainly for the mobile phone users,this means you are always on the go.
Before now, much cost is wasted on transaction or movement of our funds. And there is no trusted wallet that can minimize this cost, but with alttex that problem is no more.
Features of the application :
The application features a decentralized crypto exchange, crypto messenger,and crypto safe.
The decentralized crypto exchange(Alttex Exchange) allows for a peer to peer trading without paying any dime to any third party. And this feature is also cheap and safe because no central body holds the fund.
The crypto messenger(Altmessenger) is a great way for users to communicate not only with friends but with the sellers of products in the cryptoshop in order to discuss the details of the purchase and negotiate pricing.
image source
The crypto safe(Crypto Altsafe)is a multi-currency wallet. It will allow users to hold, control, exchange and transfer their balances.
How this application can be of help:
This application is a breakthrough for me personally, I have always battled with using crypto wallets because of it complexity, and the high cost I have to pay for transaction and movement of funds.
But I think that ends today.This application would serve as my all in one forum to interact with the world. I don't need any instant messenger anymore because altmessenger got my back, I don't need 20 crypto wallet anymore because just altsafe can handle that. And why do I need to pay great cost for exchange of cryptocurrency when I have alttex exchange.
The ability to replenish my bitcoin with my credit card is one feature I also find very useful. And to have all this amazing features in my smart phone is unbeatable.
For more understanding of alttex and its amazing features such as the ability to use a credit card to withdraw your crypto cash,please use the following links:
THANK YOU ALTTEX
This article was created for Alttex's Writing Contest held by @OriginalWorks
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