Bytus

The advent of cryptocurrency happened on quite a silent note back in 2009, until recently, when the bitcoin’s price reached a whopping $69,000/bitcoin. Bitcoin has gained the status of a precious investment, but it has affected the future of cryptocurrency. As the name suggests, cryptocurrency is a form of currency or digital asset, and money is only helpful when you can buy goods and services.Unfortunately, governments and various other financial institutions didn’t come to terms with cryptocurrency. Cryptocurrency strips the banks of their governance over money, and for that reason, it has been the soar of their eyes for a while. However, many industries and entrepreneurs have realized its potential and have tried to induct this technology into mainstream businesses at many levels.Despite the realization and efforts, cryptocurrency hasn’t yet become a prominent part of any service or product we access through fiat. There are a few detractors behind it, which are:High and unpredictable commissionsThis is the primary reason which hinders the growth of cryptocurrency. So far, several crypto payment platforms have been introduced. They all have facilitated crypto payments but did not simplify the commissions because of which users had to pay unreasonable amounts of fees on top of transactions. This was a significant detractor for crypto users and caused them to stick to fiat.Low SecurityCrypto payments are supposed to be safer as they take place over blockchain, a decentralized distributed ledger. However, various payment portals left the wallet addresses unsafe by not securing them against platform-specific vulnerabilities. This was also one of the significant reasons which restricted users from engaging in crypto transactions.Sluggish process of confirmationThis was caused by many unscrupulous miners who sold the same coin several times, which caused a single transaction subentry to take up to 30 minutes sometimes. As the traditional modes of payment work way faster than this, crypto users had no option but to relinquish their enthusiasm for digital currency.Poor UsabilityA lack of knowledge about blockchain has caused this. Unfortunately, no application has been able to put the users at ease with blockchain. Users need a platform to make crypto transactions more accessible and convenient.Bytus gives solutions to all these problems and has become an all-inclusive means for crypto users. This payment portal makes cryptocurrency payments more accessible than ever; it brings merchant and payer closer by removing all the intermediaries. It would subvert all the entry points for transactions that are integral to fiat transactions. With Bytus, a new mode of payment would surge, removing all the barriers in business.

Meet the next-generation crypto payment portal — Bytus

Bytus

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