Bytus

<p><strong>Cryptocurrency payments are slowly making their way into markets, but there are many challenges that they have to overcome. The first thing is the integration or implanting of cryptos into digital wallets. This becomes a significant challenge for many crypto payment portals. For processing a crypto payment, various entry points of transactions have to be passed through.</strong></p><p>Banks have already been non-cooperative with cryptos and haven’t integrated crypto payments in any of their applications. Their fear is losing control over the currency and revenue generation abilities. Along with this, a lack of infrastructure and regulatory support thwarts the efforts of crypto payment platforms. All these factors make crypto payments very difficult to take place.</p><p>The conversion of crypto to fiat or vice-versa is another issue that impedes the spread of this technology. Some exchanges facilitate the transformation of one crypto to another, but no such application could do the same for fiat to crypto or crypto to fiat conversion. A few exchanges that provide this service take a long time to process the modification due to a tardy registration process.</p><h2 id="header-0">Compromise in users’ data</h2><p>There have been a couple of incidents when services that offered conversion from fiat to crypto or vice-versa were infected with malicious programs. They rendered users’ data vulnerable to cyber threats, and some of them were started with the very intent of using the information mischievously. A few industries that have started taking payments in cryptos do not provide the conversion facility.</p><p>There is no option for crypto users but to turn to fiat for more manageable payments. All the existing exchanges provide the opportunity to exchange one crypto for another. Those who avail of this facility levy a high amount of commissions and involve third parties to execute conversions. Therefore, a platform is desperately needed for crypto users that could make this conversion easier.</p><h2 id="header-1">Bytus- Conversion and Payment both</h2><p>Bytus has become the first cryptocurrency payment portal that helps users convert their cryptos into fiat and fiat into cryptos. This platform has introduced this functionality and has also made it easier and faster. It has implemented the use of private keys without the possibility of outside intrusion. This particular functionality has made the conversion safe as well as widely adaptable.</p><p>Bytus has introduced its proprietary and of its kind function: CryptoBank. This particular functionality comes with multiple features such as a mobile app, insurance protection, secure storage, exchange service, credit card use, and a multicurrency wallet. Combined with the pathfinding solution that Bytus provides, all these features make this platform a must-have for all cryptocurrency users.</p>

Multiple roadblocks in crypto transactions

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Bytus

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