A beautiful day to you all Steemians, I welcome you all to another exciting review on my blog.
As we are all aware of the greatest nightmare that most cryptocurrency holders have which is the fear of losing their precious funds, this is fear as we all know can be so lethal most especially if the source of livelihood of an individual is majorly on cryptocurrencies.
The cryptocurrency industry without any doubt has great potentials to improve and grow beyond everyone’s imagination but then, without addressing some major issues facing this industry, then it will be difficult for us to experience the massive adoption of this technology which is the main goal of most blockchain projects.
In my own opinion, there are two major problems preventing the cryptocurrency industry from progressing which are; lack of good security and problem of cryptocurrency volatility.
Security of users funds is in no doubt very important as there’s no essence of a sane man investing in a platform that he knows that his funds can just disappear at any point in time. This security challenges not only exists in cryptocurrency wallets, it is also an endemic problem in most cryptocurrency exchanges. Just about two days ago, a lot of cryptocurrency users were in deep shock when the highest ranked cryptocurrency exchanged was hacked which resulted to a fund loss of approximately $42million.
Just imagine if the fund lost was so huge that the exchange reserve cannot cover up for, what would have become of cryptocurrency users and investors that depend mainly on their cryptocurrency assets as means of livelihood? I am sure its going to be suicidal for some people.
This recent occurrence is not the first of its type in the cryptocurrency industry, several of it has happened which has left a lot of cryptocurrency giants in total dismay as a result of weak security of the platforms they store their cryptocurrency funds on.
Apart from this issue of security challenges and high cryptocurrency volatility, there also exist some other minor problems that prevent the advancement of this industry which includes the failure of most cryptocurrency exchanges to support purchase of cryptocurrency with fiat, extremely high transaction and withdrawal charges on major cryptocurrency exchanges, delays in deposits and withdrawals, among others.
With all these problems, then it is impossible to achieve a massive adoption of cryptocurrencies without getting a lasting solution to all of these problems.
On this note, I will like to introduce you all to a platform that has come up with a lasting solution to these problems, Amplify Exchange.
Amplify Exchange
Amplify exchange is a blockchain project that is targeted at achieving a massive adoption of cryptocurrency globally by providing a secured platform which will bridge the gaps between traditional financial market and blockchain based technologies.
This platform intends to achieve this via their three interconnected working products which includes Amplify brokerage, CryptoPay and Amplify exchange.
On Amplify exchange, users can open an account which can be directly funded from their bank account or other means in order to purchase cryptocurrencies and also have access to several trading tools to assist in making right decisions during trading.
Amplify Brokerage
Amplify brokerage is created to ensure more reliability for high volume crypto trades, provide better trading prices for all traders, creates necessary technical tools to assist trades on Amplify distributed exchange which will be in the nearest future.
CryptoPay
In order to increase the real world usecase of cryptocurrency, Amplify integrates its platform with cryptopay which is an application that allows people to pay for goods and services with any preferred cryptocurrency by a merchant.
During registration of crytopay, a user can establish a new Amplify portfolio which will him/her to buy cryptocurrencies directly to their cryptopay account and also pay for goods and services using cryptcurrencies.
Amplify Bridgechain
This is a technology which will be available in the nearest future that will allow the smooth running of Amplify Hybrid Exchange which is a perfect combination of the great features of both decentralized and centralized cryptocurrency exchange in order to achieve a faster, cost effective and highly secured transaction on the platform.
Conclusively, amplify platform is here to completely revolutionize the cryptocurrency industry by providing lasting solutions to the lingering problems and also increase in the overall use-case of the cryptocurrency will be a form of drive for global adoption of the technology.
Kindly watch out for more review of this excellent platform on my blog.
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