Coinovy: Your Solution to Everything Crypto
11 Outubro 2021 - 12:34PM
NEWSBTC
The unprecedented growth of digital assets and their trading in the
past few years came as a pleasant shock to the global financial
markets. As of October 2021, the total crypto market cap is
comfortably sitting at over $2.1 trillion, with 300 million users
spread across the globe. These numbers might seem huge at first,
but on further inspection, we realize that they are minuscule in
comparison to our traditional financial systems. Even after
cryptocurrencies successfully stood the test of time and flourished
in the wake of the pandemic, their adoption rate seems to be low.
This is mostly because of their lack of accessibility and
liquidity. The truth is that the complex processing involved in the
buying, selling, storing, and trading of cryptocurrencies deters
people from getting involved in the decentralized space. Wallets
like Metamask, where users can buy and store cryptos, are not
user-friendly and DEXs do not accept fiat payments. So, beginners
are only left with centralized exchanges to buy crypto from. To
make things worse, users are forced to rely on too many platforms
for their different needs in the crypto space, which becomes
extremely difficult to manage. However, these centralized
exchanges, as we’ve seen recently, have some serious security
issues, and a single hack can wipe off all users’ assets. These
factors combined make digital assets unappealing to beginners. But,
we now have a solution to all these accessibility woes in the form
of Coinovy. The All-Rounder Wallet Coinovy is an all-in-one
cryptocurrency wallet application that aims to make
cryptocurrencies easily accessible to the masses. Through its
all-inclusive interface, the platform aims to minimize the friction
for everyone to buy, sell, store, trade, insure, shop, and withdraw
cryptocurrencies. It is built so as to lower the barriers to entry
for beginners while still ensuring that it effectively caters to
the needs of seasoned crypto users. The Coinovy wallet acts as an
excellent bridge between the traditional finance and digital asset
worlds to ensure seamless transfer of funds. As a multicurrency
wallet, it supports a variety of digital assets including BTC, ETH,
and LTC, meaning that users no longer have to rely on multiple
wallets to store their assets. What stands out the most, however,
is the crypto-to-fiat conversions that Coinovy facilitates. Users
can withdraw the crypto assets stored on Coinovy wallet to a global
VISA-powered debit card and spend it anywhere with ease. This debit
card can also be linked to Apple Pay, making it even easier to
spend cryptos. Apart from being a crypto wallet, Coinovy is a
crypto exchange that features more than 100 exchange pairs so users
can easily trade their tokens of choice. Furthermore, users of
Coinovy are assigned an International Bank Account Number (IBAN)
that makes it easy for them to transfer funds across the globe to
over 150 countries. For those worried about the safety of your
assets on this platform, Coinovy has partnered with BitGo to insure
user assets and compensate them in case of a security threat. With
these features, Coinovy sorts the accessibility problem, but that’s
not all. Coinovy has a lot more to offer to the crypto world.
Considering the problem of interoperability that is prevalent in
the crypto world, Coinovy has created a bridge that facilitates
cross-chain transactions between Binance Smart Chain and Ethereum.
The platform also provides instant loans of up to $5000 to users
against their crypto holdings in a bid to help them fund other
ventures of their life without having to lose their crypto by
selling etc?. Or, users who have their crypto assets lying idle can
stake them directly on Coinovy and earn handsome incentives. Apart
from this, Coinovy also helps investors grow their assets with
AI-based predictions and forecasts on asset values. Coinovy Token
To power the platform and to settle transactions, Coinovy has a
native token called C2F. This ERC-20 token has a maximum supply of
one billion C2F and serves as a payment method on the platform,
alongside all the other supported cryptocurrencies. The holders of
the C2F token are entitled to various incentives and discounts
provided on the Coinovy platform. They can also use it for paying
fees, purchasing goods and services, exchange listing, staking, and
advertising on the Coinovy platform. What Does the Future Look
Like? With cryptocurrencies growing in popularity by the day, we
now have so many new users looking to make their way into the world
of decentralization. To all of these new users, Coinovy comes as a
welcome windfall. It lowers the walled gardens of the crypto
ecosystem to make it more accessible to everyone across the globe.
If implemented well, Coinovy could become key to the mass adoption
of cryptocurrencies.
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