Cryptocurrency Is About To Go Mainstream
Bitcoin sailed through another milestone and surpassed $100 Billion market cap for the first time. While this may sound like a large number it is still smaller than 45 companies on the S&P 500 and one eighth the size of Apple. Nonetheless, interest in cryptocurrencies has been growing but it is still very much the realm of early adopters, the tech savvy and crypto anarchists.
As long as that remains true it will be easier for states and vested interests that feel threatened by it to demonise crypto currencies and the blockchain as something dark and dangerous. What is needed is for the base of users to broaden and for it accomplish this it must become much more consumer friendly. It has to become so easy to use that even your Parents can understand how to do it. That has been the one obstacle to widespread adoption that has eluded a solution, at least until now.
A small company in Toronto called STACK has created what may well be the solution that finally brings about widespread adoption. Their application promises to make it as easy to pay for your morning coffee or newspaper with Bitcoin or Ether as you now do with cash. They have done this by creating a unique app that combines the ease of contactless payments with cryptocurrencies. Through having global payment rails in place you have access to an ecosystem of 39 million merchants that can now accept cryptocurrency as easily as accepting a debit card or cash.
The system is built on the STK Token, an Ethereum ERC20 token that allows real time conversion from cryptocurrency to fiat currency at the point of sale. The STACK solution includes Tap-to-pay functionality on the STACK mobile app and on participating 3rd party mobile wallets, a Multi-currency wallet (crypto and fiat currencies) and a STACK card – a prepaid card – which complements the STACK digital wallet.
STACK payment facilities which include the physical and virtual prepaid card can be used in almost 200 countries at over 39 million points of acceptance today. This is possible through our card issuance partnerships with global payment networks. Moreover, users and businesses can exchange their blockchain assets seamlessly from one user to another, with transparency that is currently lacking in a centralized solution.
They have built the system to operate seamlessly in the background and you pay for your purchase with cryptocurrency even when the merchant does not know he accepts it. This is the kind of ubiquitous and pervasive solution that will have the whole world using crypto whether they know it or not.
Writter By : yuni52
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