Discover XCOYNZ, a blooming crypto platform that will enable every user, whether crypto savvy or not, to operate easily in the industry. The platform will enable users to set their own fee on the exchange and define a consolidated Smart Algorithm Wallet that will minimize network fees and maximize profits.

Additionally, XCOYNZ will enable users to utilize their Smart Algorithm Wallet to pay for products and services on retail sites.

Retailers will be able to subscribe to the Payment Gateway, which works like PayPal for cryptocurrency world. Importantly, members will be able to use their Smart Cards (like the traditional Debit Card) to purchase products and services using their Smart Algorithm Wallet. They will also have a facility where they can withdraw local money wherever they are in the world.

The private sale is in progress with 80% bonus tokens closing on January 31, 2019. The public sale will start in about 30 days from this writing.

XCOYNZ identifies three major issues that present a barrier to cryptocurrency adoption. The first one is complexity. The process of acquiring digital assets is not a straightforward one, as a user has to go through multiple steps.

Most crypto wallets are complex to use and usually support only one type of cryptocurrency. In addition, users have to manage multiple crypto wallets and it is not easy to transfer cryptocurrency to fiat.

Secondly, high cost presents a major barrier to cryptocurrency adoption. Crypto exchange platforms have complicated and high fee structures that blocks out many small-scale crypto investors or traders from using the platforms.

For instance, a Coinbase buyer will have to pay a fee of 149% for a standard buy or 3.99% for an instant buy. Generally, most exchanges charge between 0.1 and 0.5% on all transactions.

Finally, lack of commercial support is another impediment to cryptocurrency adoption. The universal online payment systems currently used do not support cryptocurrencies. Merchants cannot afford the cost of bespoke equipment or new processes required for crypto transactions.

The team behind XCOYNZ believes that cryptocurrency will only replace traditional payment methods when it’s established as simple and beneficial to adopt.

To deal with the problems mentioned, the platform offers the following viable solutions:

This solution will address the problem of exchanging fiat to crypto and crypto to fiat, all under one roof. The component will be known as XCOYNZ Exchange, which will also address the issue of high fees by allowing the user to define the fee that they would like to pay for their transactions.

It will also speed up the transfer of Crypto assets back to the user’s fiat bank account faster than other existing methods. This will be possible by utilizing the custom-built technology known as X-Swift that operates on a private XCOYNZ blockchain, processing transactions almost instantly.

The Smart Algorithm Wallet will consolidate all the user’s crypto assets into a single wallet, which makes it easier to process payments faster and incur only a single fee that users themselves set and control.

Additionally, the wallet will use smart algorithms to determine the best combination of assets to use to process payments.

This, in the end will minimize costs and maximize on profits. Users can choose crypto assets suggested by the SAW or make their own choice as to which digital assets they would like to use. Another unique feature of the wallet is the ability to predict which crypto to HODL or sell.

Other solutions offered by XCOYNZ include the Payment Gateway and the Smart Cards.

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