Cryptassist: Trade and Use Your Cryptocurrencies on One Platform

stazhao (61)in #bitcoin • 6 years ago

In my previous article I mentioned how cryptassist can make trading cryptocurrencies easier and lower the probability of losing money. I also mentioned how it can automatically provide users with arbitrage opportunities. Here is a link to my previous article: https://steemit.com/bitcoin/@stazhao/traders-wont-want-you-to-know-this-trick.

The cryptassist platform does not only improve cryptocurrency trading, the cryptassist platform is also working to integrate cryptocurrencies into everyday life by making cryptocurrencies more feasible. Cryptassist is working to create several useful services like a wallet to securely hold your funds, a debit card to make those funds feasible and it will also enable users to find places to trade their cryptocurrencies at without having to convert them to fiat currencies first.

Cryptassist Wallet

Cryptassist will create a cryptocurrency wallet. A cryptocurrency wallet is definitely very useful; users can store their cryptocurrencies in a wallet free of charge, and those cryptocurrencies will be kept secure. Users can also safely make transfers or payments from their cryptocurrency wallet at a small fee. However, there are many other companies that have already made cryptocurrency wallets that can already provide similar services for very similar prices. What makes the Cryptassist wallet unique is that unlike other cryptocurrency wallets, the cryptassist wallet is based on the NEM blockchain.

Cryptassist Card

Cryptassist is also creating a cryptocurrency debit card. The cryptocurrency debit card allows users to make every day purchases by using their cryptocurrencies. A cryptocurrency debit card works by enabling people to load their debit cards with cryptocurrencies, after a card is loaded with a cryptocurrency it is ready to use. Once a person wants to make a transaction using his loaded cryptocurrency debit card, an automated program converts the cryptocurrency for the person into fiat a currency to pay for the transactions. For example, a person wants to buy a hamburger at McDonalds, if the person opts to pay for his meal using cryptocurrency he can do so by using a cryptcurrency debit card. The person’s cryptocurrency debit card will interact with the merchant’s POS system. The POS system will forward the transaction amount data to the cryptocurrency debit card issuer, which will then convert the exact amount of cryptocurrency into fiat currency to pay for the transaction.

There are numerous other firms that offer cryptocurrency debit cards. Most of these firms only allow users to load up the debit card with the cryptocurrency of the firm itself. Unlike the rest of the firms that offer users crypto currency debit cards, the cryptassist platform has no such restrictions. Users on the cryptassist platform can load their cryptocurrency debit card with the cryptassist cryptocurrency, CTA if they choose to do so, but they will be able to load it up with 50 other cryptocurrencies as well.

Another unique aspect about the cryptassist debit card is that its has an extremely high rate of transactions per second. The cryptassist debit card will be able to make 3500 transactions per second. To put that number into perspective, Paypal can only make 193 transactions per second and VISA which is probably the most used payment terminal on the planet makes an average of 1700 transactions per second. This goes to show that the cryptassist debit card can easily be a very useful tool for making day to day transaction using cryptocurrency.