Coinstirs: We are introducing a brand new economy based on crypto
The world is currently in a transitional phase. We’re transitioning from a fiat-based to a cryptocurrency-based system. The process is undergoing a major transformation within the framework of traditional institutions and at Coinstirs, we aim to be at the forefront of this transformation. The shift to a global P2P-based solution, which eliminates the barriers created by fiat-based economics is actually in progress.
The process of making payments is becoming more complicated every day.
Two issues arise when it comes to international payments: the high cost of transactions and the long processing times. Although blockchain technology has made great strides in introducing cryptocurrency as an appropriate alternative to current issues but there are some limitations. When using cryptocurrency to make payments users have to confront the following issues:
- Operating crypto wallets, that are incredibly long, with the problem of confusing addresses.
- The lengthy process of exchange for currency is a hassle. Users must go through numerous lengthy exchange procedures prior to getting the permission to exchange however they want.
- Legal concerns regarding blockchain’s legitimacy. As of now, El Salvador is the only country that embraces cryptocurrency (only Bitcoin) as an official currency and a means of legal tender. The regulatory uncertainty surrounding cryptocurrency is making life difficult for several institutions.
- There is no payment-focused solution. Platforms for cryptocurrency do not offer buy-now, pay-later models.
It’s good to know that there’s an easy solution to these issues by introducing Coinstirs.
We are committed to making P2P payments quick, easy and simple. We are aiming for a brand revolutionary new model of the crypto-based economy by maximizing the benefits of our protocol through encouraging adoption of cryptocurrency.
Let’s get used to hassle-free, borderless payment transactions.
Despite the incredible leaps in technology, it’s a shame how difficult P2P payments remain. What’s even more frustrating is the lack of support features that allow P2P payments effortless. In light of these issues, our team set out to create a custom solution to meet the needs of this digital age.
Our solution has two objectives: help make P2P payments simple and free and to make crypto payments easy. Our P2P solution involves blockchain technology to overcome the challenges that arise in cross-border transactions. Coinstirs transactions aren’t restricted by basic borders. Along with borders-free solutions our hybrid decentralized method guarantees that payments are fast and cost-free.
To help with these issues, Coinstirs employs four features:
- Smart exchange engine: Users must select the appropriate type of currency for their transactions. For instance, sender A can pay via BTC and sender B will receive GBP.
- Buy now and pay later: Popular for mainstream stores, Coinstirs adopts this model to provide a solution that is focused on payments. Customers can purchase from online retailers and choose an option to pay for their items.
- The easiest way to manage your crypto wallet: Operating crypto wallets can be tedious. Coinstirs removes the requirement for cryptocurrency wallets when you make payments via our platform. Customers can pay using a number on their phone or email address or even a QR code.
- Simple fiat on- and off-ramp service: This allows for the easy use of cryptocurrency in real life. Transfers to banks are supported and from Coinstirs. It allows direct payments to debit cards not just within Coinstirs and offers users with a Coinstirs debit card to use their crypto anywhere.
Our two-pronged approach to simplifying payment processing ensures that all transactions are smooth and easy.
There is a market ready to accept the next generation of technology.
We know that change can be uncomfortable and that it requires time to adapt to new conditions; however, the market is in a good place and the time is now. According to data from eMarketer, we expect to see the market for P2P exceed $1.1T in transactions in 2023. In spite of this massive expansion however, the P2P market is facing significant issues, which suggests a deficiency of effective consumer solutions.
Coinstirs provides a benefit to both the platform and its users. In addition to improvements in P2P payment services, we also offer reward points in the shape of Coinstirs tokens.
The move to a blockchain-based economy is a sign of cryptocurrencies becoming more mature into an established industry. People are eager to adopt the new payment method that is free of the hassles of fiat payment systems. By focusing on convenience and ease of use, the transition to a cryptocurrency-based economy is now becoming a reality.
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.