Using Cryptocurrencies in the Real World
X Infinity is a unified cryptocurrency wallet that allows consumers and merchants the ability to transact as easily using any blockchain asset as a currency.
There are over 150,000 merchants in the world recognising digital currency as a mode of payment. This figure is still growing but still considerably small. A vast majority of the merchants still prefer the traditional approach of accepting fiat for a variety of reasons. The most probable is that there are over 1600 cryptocurrencies available, making it difficult for merchants to accept a broad range effectively. The problem with cryptocurrencies today, is that there is no single wallet that stores a wide range of cryptocurrencies together in one place.
Your portfolio containing various cryptocurrencies will be valueless if you are unable to spend the currency in the real world as merchants tend to accept one or two cryptocurrencies, or even worse, not accept any at all. Because cryptocurrencies are less accessible and not easily usable, they are at risk of fading out of the market if solutions to these major flaws are not executed. Alternatively, it is true that the conversion of cryptocurrencies into fiat can be done through trading in exchanges. However, it will be costly and time consuming. What if you need it urgently? What if the merchant only accepts fiat?
The X Infinity wallet provides consumers with the ability to link their assets to a payment card (Debit Card — physical or mobile phone app — virtual). This allows you (as a user or consumer) to load and spend your digital currency immediately anywhere in any parts of the world, with real time settlement to the blockchain.
Moreover, X Infinity wallet acts as an offset account. The users are able to retain the ability to manage and grow their portfolio as an investment until settlement.
With growing numbers in the popularity of cryptocurrencies of which the value is worth billions of dollars, there will be a large pool of consumers flocking through to spend their cryptocurrencies. In return, the merchant would benefit equally as they would generate more sales from the influx of consumers.
For more information, please check out our website: http://www.xinfinity.io
