Cryptocurrencies and Liquidity
Before we delve into detail regarding XIF Coin’s liquidity, let’s take a moment to look at what is meant by coin liquidity and its importance in the cryptocurrency world. Liquidity refers to the degree to which a particular asset can be bought or sold without it having an impact on the general stability of its price. Simply put, liquidity refers to how easy an asset can be converted into cash or fiat.
In the context of cryptocurrencies, liquidity refers to how easily coins can be converted into fiat or other coins. It is important for a cryptocurrency to have high liquidity in the marketplace because it brings with it a number of advantages such as:
- Fair Prices
- Market Stability
- Fast Transaction Times
- Increased accuracy for technical analysis
A number of factors impact liquidity in the cryptocurrency market, such as:
- Trading volume
- Cryptocurrency exchange
- Acceptance/Mass adoption
- Regulations
We at X Infinity are happy to inform you that wallet customers are able to utilize fiat to purchase XIF Coin through our built in XIF X-Commerce. From here, users can use XIF Coin to purchase other cryptocurrencies available in the XIF Wallet.
When a user wants to load their XIF Debit Card with fiat or transfer over their fiat into their bank account, their crypto assets will first be converted into XIF Coin before it is converted into fiat.
In the near future, X Infinity hopes to be listed on at least three recognized major cryptocurrency exchanges. From here, we aspire to be the cryptocurrency of choice for merchants all over the world with the low cost we can provide for consumers and merchants as opposed to traditional payment processors. X Infinity aims to provide its users with fast transaction speeds with low transaction fees, on top of this users can expect high transactions per second.
To keep updated regarding anything and everything X Infinity, please head on over to our website at http://www.xinfinity.io/
