A Comprehensive Guide to Crypto as a worldwide Payment Solution
In a world-first, El Salvador made Bitcoin legal tender. President Nayib bukele tweeted the following tweet “It (Bitcoin) will bring financial inclusion, investment, tourism, innovation and economic development for our country.” Recently the President Fernandez of Argentina declared his willingness to accepting crypto as a legal tender. The news of this excitement comes in the context of a poorly-prepared market. The high cost of transactions and the long processing times are a major problem for cryptocurrencies. Today, using crypto as a worldwide payment option is not a feasible goal.
We are introducing Coinstirs the worldwide cryptocurrency payment system — creating a clear pathway to cryptocurrency-based payments.
Make low-cost payments across borders without hassle.
As we progress towards global acceptance of cryptocurrency, a seamless cryptocurrency payment system is essential. Coinstirs offers a practical solution that is built on solid foundations using blockchain technology to offer cost-effective, cross-border payments. The blockchain components we use comprise:
- A fiat onramp aggregator: The fiat onramp aggregator service is atop all ramps with fiat on/off which allows us to locate the most suitable deals regarding fees in addition to KYC for our clients.
- A service for off ramping fiat: it allows for a smooth transition between fiat and crypto.
- Secure account: We use BitGo’s security infrastructure that is certified and built upon cold storage wallets which are backed with multi-sig security protocol. BitGo also offers a $100 million insurance policy that provides extra security.
- Internal virtual ledger backed by our self-balancing liquidity pools. It is our chain-agnostic repository of truth.
Paying tools that are practical and easy to use
Coinstirs’ technology provides an innovative hybrid method of crypto payments. It allows us to provide the necessary tools for payment, including:
Smart Engine Exchange: This is targeted at users who are transitioning, we offer the solution that meets market needs. Customers can transfer money in the form of crypto and receive it in fiat via our engine-based exchange. You can get either fiat or crypto, no matter what currency they send. If, for instance, you purchase a product using Bitcoin/ETH, the receipt could be received with EUR or any other cryptocurrency they choose.
Simple crypto wallets: It can be difficult to use crypto wallets for novice users. We offer simple crypto wallets that allow users to pay with the mobile number, an email address or scan QR codes.
Simple fiat on/off ramp service: Use digital assets to purchase real-world goods. You can make transfer of funds to and from Coinstirs and make payments direct to your debit account outside of Coinstirs. We’ll also provide our customers with the option of a Coinstirs debit card to use to buy crypto using Fiat’s on and off ramp service.
Buy now and pay later: Like other mainstream options, our system permits customers to buy products from online retailers and pay their balances later by using the payment method that they prefer.
Alongside practicality and ease of use, we also offer safe solutions using blockchain technology.
Your funds are secure within our network.
Get ready for the global movement
PayPal recently launched its cryptocurrency services within the UK. British customers can now purchase or hold and offer digital currencies. This is an incremental shift from fiat currency to cryptocurrency However, customers must be cautious of the upcoming delays. Prior to the introduction of crypto support, transactions with PayPal would take anywhere from 2 to 10 days, with prices ranging from $2.31 to $4.62. After the introduction of cryptocurrency How long will transactions take? What will it cost to make transactions?
Our platform is equipped to provide the world’s markets with an extensive toolkit for fiat and crypto transactions. In contrast to traditional solutions, we reduce the delays in transactions and increase cost of transactions by making use of blockchain technology.
Coinstirs offers a unique payment-focused solution. Coinstirs’ products are designed to meet market needs to ensure long-term retention of users. In the ideal scenario, an effective implementation of our plan will eliminate banks by offering the platform to:
- Earning salaries
- Payment of bills
- Making daily purchases with Kasta debit
- Payments made via P2P
A Coinstirs crypto economy
A lot of countries are struggling with shortages of fiat currency and are turning to crypto as a way to solve the problem. A growing number of people are participating in cryptocurrency-related activities to replace the current practices. The shift in the world from a fiat-based economy to an economy based on crypto is taking form. Coinstirs is poised to re-energize global markets, so that they don’t get snared by surprise.
About Coinstirs
Coinstirs is a cryptocurrency alternative to mobile payment solutions. Coinstirs’ platform lets P2P payments simple, straightforward and easily accessible. As we move to an economy based on cryptocurrency, Coinstirs provides the market convenience required to facilitate cross-border payments globally. With our platform, we seek to facilitate global adoption of crypto and enhance the performance in financial transactions.
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