Accessing crypto-currencies is a tedious process

A common observation can be made by any user or investor: negotiate, acquire or convert crypto-currencies is a long-term, restrictive and expensive process that requires a certain level of expertise. It can be easily observed on trading platform pages dedicated to the ‘transaction fees” or “processing times”.
1. A tedious cash-in.
Buying and using crypto-currencies is not an easy task for everyone!
The main option consists of going through a platform such as “Coinbase” and then transfer the currencies on another platform of exchanges or to platforms like “Kraken” or “Binance”. In any case, it involves several providers who charge their fees which means an accumulation of charges. Beside of the high costs, some platforms don’t accept bank cards and their 1 to 5 days processing time is often far too long.
Furthermore, any purchase on these platforms requires a bank card which means holding a bank account. It excludes de facto many potential users either unbanked or cash users. Offering an alternative to these populations could help in popularize and stimulate crypto-currencies flows.
Lastly, recent feedbacks point also out a lack of acceptance from traditional banks that no longer hesitate to block transactions on crypto-currencies purchasing platforms.
2. An equally complicated cash-out.
If accessing crypto-currencies is a tedious and restrictive process, so is the conversion to FIAT, which appears to have the same drawbacks. Due to the accumulation of intermediary fees the process is equally expensive, the circulation of values is unusually long and way too restrictive. Delays in funds transfer are that important (2–6 days) that users are being forced to anticipate the use of their assets. In addition, the process isn’t freed from normal banking channels and requires a bank account. Fluidity of crypto-currencies into real economy appears to be downed for no providing an instant payment.
These accessibility and universality restrictions are a threat to individual freedom going against everyone’s fundamental rights: they contravene the principles of crypto-currencies and their libertarian spirit. We consider that everyone shall benefit from Blockchain and crypto-currencies progresses, not only the most economically privileged. Overcoming the entry barriers is a decisive step forward for a definitive implementation of crypto-currencies into our society.

