Yes, it can be sure. In order to be a major payment network, it has to be stabilized. What does stabilizing mean? Let’s see an example. Bitcoin’s price changes very rapidly and that’s why it’s not stabilized. You want to go on a vacation and reserve a resort for your family for a week for 3000 US dollar. You want to pay them with Bitcoin. By that time, each Bitcoin is worth 3 US dollars. So, you will have to pay 1000 coins. But at the time of your vacation, the price of a Bitcoin might increase much more than 3 dollars; perhaps it is worth 20 US dollars at that time. What will you do then? It will take 7 times more money if you want to continue the vacation. You will have to cancel the reservation and buy something else with the coins. This is a great problem people are facing using unstabilized cryptocurrency. So, because of not being stabilized, it can’t be a major payment network as the price of the coin rapidly fluctuates. In the case of Euncoin, it can be much more stabilized as time passes by. It has all those things that take to be a major payment network. So, when the coin is stabilized, there are possibilities that Euncoin can be a major payment network.
Is Euncoin fully virtual and immaterial?
Euncoin is a cryptocurrency and it’s actually an online financial network based on the LiteCoin with certain modifications. Euncoin can be termed as virtual but it can’t be termed as immaterial. The coin is as virtual as credit card or other banking system people use. It can be used for virtual or online payments along with this, it’s possible to buy any product from any local stores with the Euncoin just like the physical or material currency. It can be exchanged in physical forms like the Casascius coins. Euncoin transactions are done through the Euncoin wallet which is a virtual wallet. In order to donate, send or withdraw money, the wallet is used. Euncoin can be used for other online banking and online payments. So, basically, Euncoin is fully virtual. Now, when it comes to the term immaterial, Euncoin is not immaterial. Any kind of material stuff can be bought with the currency (Euncoin), coins are spendable, tradeable. But since the inception of barter system of exchange, it’s hard for the user to accept Euncoin as the material currency. But basically it can be used instead of physical currency in certain cases and as days pass by, its availability increases.
Why do people trust Euncoin?
People trust Euncoin as there is no reason to suspect it. Here are the reasons why people trust Euncoin: – First of all, you get the coin free. You may have already tried donating to Youtubers, but, using Euncoin, you get coins freely as a token from Eucoin team as long as you donate. – Secondly, the white paper will be the answer. It’s going to reflect what the team is up to with the coins. – Next, the security is extremely well coded. The code is available online and i’s an open source and available on GitHub. The goal is to make everything available and accessible to everyone and people can contact the Euncoin team if they have any issue. – Finally, there is no possibility of a scam as there are legal obligations set. – If you are a Youtuber or a content creator, you have to sign up and download your wallet. Tell people that you are on Euncoin and that if they donate to support the channel. they will receive Euncoins in exchange.
How difficult is it to make a Euncoin payment?
The Euncoin payment method is super easy. The payment method has been added considering how easy it can be for the donors. The donor will get a credit card from the Euncoin and he has to merge it with his debit card. According to your location, it takes time to send the card. In USA and nearby you will receive the card quite soon but outside the region, it might take a while to receive the card. The credit card will be a reloadable card. You can put the money on the card and buy any product from local stores and amount will be deducted converting them into local currency. In case of buying coins, you use the same card to buy coins and convert coins to local currency so that you can be able to buy anything. The card will be spendable and can be used for any other online payment. Facts which satisfies the users are that Euncoin accepts international payments, no charge in case of withdrawing money, and no risk of exchange rate volatility; you receive the exact amount you have requested for. Like other cryptocurrency payment methods existing in the market, it has a little disadvantage. The issue is, if you lose your card you lose your coin on the card. But except this single issue, Euncoin payment is quite easy and standard with the market.
Is Euncoin really used by people?
Yes. There are reasons why people use it. As donors donate, they get coins in return. You will get the benefits of the coin like other cryptocurrency network but unlike the other cryptocurrency, the coin is spendable, which means you can spend the coin to buy any product you like. Once the designated number of coins run out, the donors can spend the coins they have to buy goods. There is a password recovery system for the Euncoin network which other cryptocurrency networks don’t allow. Basically, it’s an advantage. So, that’s the reason working behind using Euncoin.!