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  • What is the key element to drive crypto mass adoption in your opinion?

    Ivan Efimov
    3 replies
    Personally, I think that apps making crypto more accessible is the key!

    Replies

    Hussein Hashish
    abstracting away the complexities of interacting with crypto based products and apps is key + an app or service that people actually need and would provide some kind of value this is exactly our thesis at likwid, a blockchain powered mobile loyalty app that empowers ANY kind of business to harness the power of blockchain and tokenization to greatly enhance their relationships with customers and users leading to higher retention, higher customer life time value and drive business growth.
    James Roberts
    Greetings, friends! In my understanding, the key element for mass adoption of cryptocurrency is accessibility and ease of use. People should be able to easily and quickly buy, sell, and use cryptocurrency in their daily lives. To make cryptocurrency more accessible, the following problems need to be solved: First, transaction fees need to be reduced. Currently, cryptocurrency transaction fees can be quite high, making them less attractive for everyday payments. Secondly, the infrastructure for using cryptocurrency needs to be improved. People should be able to buy, sell and exchange cryptocurrency easily and quickly. Third, there is a need to raise awareness about cryptocurrency. People need to understand what cryptocurrency is, how it works and how to use it. I agree that introducing cryptocurrency as a payment method in business is a great way to attract new customers and expand your customer base. However, for this to work, the use of cryptocurrency needs to be simple and straightforward for customers. In my business, I implemented a crypto-based payment gateway. I have also used the platform https://en.cryptoprocessing.com/a-merchant-s-guide-to-onboarding-users-to-crypto which has helped me increase my clients' awareness of cryptocurrencies and make the use of cryptocurrencies easier and clearer. I hope these tips are helpful to you.