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For some time now, Cryptocurrencies have been built in a way that would naturally and organically grow its usage over time. This has worked well for innovators and early adopters. Little has been done to bring the majority of users into the cryptocurrency market.
There are still some barriers today holding back the waiting masses. One of the major problems is the complexity involved in getting hold of cryptocurrency in the first place. In many cases, buyers need to set up accounts and crypto wallets, verify identities, deposit funds and mess around with unintuitive interfaces before they can get their hands on major cryptocurrencies such as Bitcoin. Alt-coins require further steps.
XCOYNZ wants to make this process as seamless as possible to the everyday user. There is still a large proportion of the population who lack the understanding of cryptocurrencies. This has naturally led to the spread of many inaccurate misconceptions. One of the core principles of XCOYNZ is to educate and inform the wider public of the benefits behind this revolutionary idea and its potential to change the way money is used today.
London based XCOYNZ Limited, is all set to remove the barriers faced by cryptocurrency users today by introducing an ecosystem with a comprehensive suite of products aimed at facilitating widespread adoption of cryptocurrencies.
First and foremost, the XCOYNZ Exchange will allow established traders and new users alike to trade in crypto-to-crypto, fiat-to-crypto and crypto-to-fiat with ease and simplicity. While numerous crypto exchanges have appeared in recent times the winning formula that the XCOYNZ Exchange applies is to allow users to set their own fees for trading. A user of the XCOYNZ Platform is given a pre-set quota of transactional volume and the ability to offset transaction fees to whatever they like by way of using the XCZ token — even to zero if they so desire! Simple means of purchasing the XCOYNZ tokens via the platform to offset transaction costs is a winning deal considering the difference in token price and the realizable value against fees. A number of key features of the Platform are available through the use of the XCZ token which ensures that the long-term appeal of the token is at the heart of the XCOYNZ business model.
The second product that XCOYNZ is building is one of innovation called a Smart Algorithm Wallet or SAW for short. The XCOYNZ SAW is a crypto wallet designed to consolidate multiple crypto assets into a single wallet with built-in intelligent functions. Using a combination of smart algorithms and machine learning techniques the XCOYNZ SAW will help users to determine the best combination of assets to use to process payments, minimising costs and maximising profits. The XCOYNZ SAW will be integrated into the XCOYNZ Platform and is the flagship component feeding into other features such as the XCOYNZ Payment Gateway and the XCOYNZ Smart Card.
One of the largest areas that have yet to see the integration of cryptocurrency is the online retail industry. The XCOYNZ Payment Gateway will bridge this gap bringing sellers and buyers even closer. This immeasurable benefit to the retailer in exposing their products and services to a wider audience goes hand in hand with that of the consumer, who now gets to make use of a portion of their wealth that previously was unable to directly link with the retail world. With the XCOYNZ Payment Gateway, both brick and mortar businesses and e-commerce retailers can accept cryptocurrencies as payment for goods and services – and receive timely fiat payments with competitive or better rates than traditional payment methods.
Finally, XCOYNZ is planning to close the loop and truly enable complete mass adoption by way of its Smart Cards. The XCOYNZ Smart Cards will be linked to users’ XCOYNZ accounts with the already enabled XCOYNZ SAW. This will give users a seamless experience while using their crypto assets in both traditional and new ways of financial transactions.
XCOYNZ are running a crowdsale of their XCOYNZ Token (XCZ) from the 5th of February. More information is available via their website and social media channels below.