Bitcoin is the first thing many people think of when cryptocurrency comes to mind. While this is logical, there are several more forms of decentralized digital currency out there. One such coin is Ethereum, which also came into existence in 2015. Another famous example of a cryptocurrency is Ripple’s XRP.
So what are crypto payments and wallets? What do they entail? And how do they differ from cash, credit cards, or even other cryptocurrencies?
We shall explore these views in this article.
Cryptocurrency has been a growing industry for the past few years. With more and more people using cryptocurrency, people have become more aware of the blockchain and its benefits. As a result, the cryptocurrency market likewise expands, with many new cryptocurrencies coming into play.
Experienced crypto users have figured out how to use their newly-acquired altcoins, but it’s not easy for everyone.
Crypto Wallets are a Critical Aspect of Cryptocurrency
Crypto wallets allow users to store and manage their digital assets. In addition, they make the process of sending and receiving payments more effortless than ever before.
Physical wallets store cash, which is not true of cryptocurrency wallets, as they merely read the public ledger to show users a list of balances and addresses.
Additionally, cryptocurrency wallets are designed to store public and private keys and provide a user-friendly interface to check crypto balances.
Some even let users perform specific actions on their digital assets, such as buying or selling coins or transferring assets at a peer-to-peer level.
The Future of Payments
The current monetary system for currency transfer is rife with complexity and potential fraud. So much so, the use of blockchain wallets like Kasta has brought about a new way to send and receive digital currency while eliminating unnecessary players from the equation. Our platform allows anyone to send crypto across borders without losing value or additional fees.
For context, the infrastructure needed for PayPal and Venmo’s business models is already accessible by most of the population. However, anyone who’s come across the infamous PayPal’ payment pending’ issue understands international payments can become quite complicated. It is incomprehensible, too, considering the number of factors they evaluate before attempting any money transfers.
The time is now for Kasta
A blockchain-based platform for peer-to-peer payments like Kasta, for example, does not conform to these standards. So instead, we offer convenience in the form of easy, simple, and accessible transactions right from the get-go — making it possible to send cryptocurrency across borders easily with just a phone number or a QR code.
Kasta aims to provide globalized financial services and help improve functionality and accessibility on an international scale. It doesn’t sound straightforward, but the participation process is as simple as signing up and opening a Kasta account, depositing or adding crypto to the Kasta wallet, then sending it for free.
Benefits of Kasta
Before we conclude the article, it’s essential to put in a few words about the KASTA token, plus our regard for ensuring the highest security measures are observed.
The Kasta platform is built on blockchain technology and will provide users with an automated and borderless payments interface.
In addition to this, we have tapped BitGo as our custodial wallet provider — they provide us with their certified cold wallet security infrastructure with multi-signature support, which we enjoy to maintain safety for all of your funds. This system allows users to transact safely without the risk of hacks or loss of funds.
Additionally, Kasta will record all data from trades executed on the platform onto public ledgers, which means there’s no way for anyone else but the account owner to view personal information if they don’t wish to share it.
Lastly, $KASTA, our native utility token, also plays a vital role in the company’s growth in several ways. For instance, the community can use this token as a payment method and get benefits like cash-backs and limited design debit cards for holding (staking) tokens.
Kasta’s mission is to provide people with a more efficient way of transferring money and to steer the world towards a crypto-based economy.
About Kasta
Kasta is a blockchain alternative to mainstream mobile payment services. Our platform makes P2P payments easy, simple, and accessible. As we transition into a crypto-based economy, Kasta provides the market convenience necessary for cross-border payments on a global scale. Through our platform, we aim for globalized cryptocurrency adoption and to improve the functionality of financial services.
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