It is safe to say that Bitcoin has made the blockchain technology as famous as it is today. However; as times are changing and the technology is evolving, some intelligent startups are making cryptocurrencies more user-friendly than they have been. Here are just two examples of startups that aim to make blockchain technology easier.
The Divi startup has been created by Geoff McCabe and Time Sanders, who believe that there is a need to make cryptocurrencies more clear and easier to use by everyday people. They believe that at the moment, they can be very confusing for both business and consumers who are not particularly computer literate. McCabe explained;
“People who are first getting started with cryptocurrency quickly get confused by the jargon associated with it. For example, people believe they put their cryptocurrency in a wallet, however, if they understand how it works, they would know that the coins don’t actually live inside the wallet, instead, the currency is unlocked with an encryption key...If a person wants to spend or send money in cryptocurrency right now, it’s a long process. ‘It’s not PayPal easy’, which is inhibiting its mainstream adoption.”
The developers aim to create a crypto-based payment solution that is completely unique, and would work like non-blockchain digital wallets. It aims to simplify the use of blockchain-based digital currencies. They truly believe that this would completely revolutionise the way that people see cryptocurrencies, with Sanders declaring;
“Cryptocurrency decentralises money the same way social media decentralises publishing. We all become currency owners and creators.”
Circle was primarily a service where people could buy and sell Bitcoin for cash. Since then, the firm has received huge funding from investors like Goldman Sachs and significantly evolved.
It now focuses on the use of blockchain as a payment platform, and works in a similar way to other digital payment platforms, such as PayPal and Skrill. They, among others are working around the clock to change the blockchain and cryptocurrency ecosystem.
It is hoped that, in time the blockchain technology and cryptocurrencies will be seen in the same way the internet and mobile phones are.
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