Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Crypti | XCR | Launch August | 100% POS | New Source | Trading has begun!
by
GreXX
on 16/08/2014, 14:41:19 UTC
The key as Litoshi says is simplicity. Right now, the average person doesn't understand the concept of crypto-currencies. They understand they login to their bank, they get checks and a debit card, they have their check sent to their bank, and then they use their debit card.

Crypto-currencies that are currently available are horribly complex compared to this system. But remember, at one point, everyone used checks at the grocery store and no one had debit cards. People got their checks from their employer and deposited it in a bank. I use a bank now that doesn't even have branches, it's all online. The market moves fast as technology develops.

The key to adoption is showing people a system that functions like what they are used to and then adapting it over time to be revolutionary. It will be a while before we can convince people to have their checks paid in Bitcoin or Crypti and deposited into their online wallets and use QR codes or their mobile app to pay at stores, but just like the adoption of online banking and debit cards, it will happen over time.

Banks can't offer instantaneous global transfers. They can't offer as low of fees because of the way their networks work and the costs involved. They also can't guarantee the solvency of the country who's currency they work with or that their economy won't collapse.

A global crypto-currency can.

We simply need to develop the infrastructure, ease of use, and incentive to change.

We also need to increase merchant adoption. If you look at Bitcoin, the merchants are adapting to where the money is. They see the potential profits and they see the market developing and so they are starting to conform. The issue is that the average person won't adopt a form of payment like Bitcoin until they can actually spend it. So for the sake of Crypti, we need to push, develop, and inspire adoption in both groups concurrently to push the adoption rate.

We have a roadmap that we think will help us get there. We will also be having extensive discussions with the community and pushing the envelope of what we think is possible together. We have the capability and the capital to start the process and once we show the potential, many more will get on this train. While it will be a long road to challenge traditional banking, Paypal, Mastercard, Visa, and the traditional way of thinking, we sure as hell have the balls to try and together, I actually think we can.