When Satoshi Nakamoto created Bitcoin, the anonymous mind behind the digital currency envisioned making a trustless payment system to enable trade on a global scale. While Bitcoin has come a long way since then, it’s still hard to purchase goods and services using Bitcoin or any other crypto.
When wanting to purchase something with crypto, most users are reliant on a crypto/fiat conversion somewhere along the way unless merchants accept crypto directly without the assurances they are receiving a stable fiat currency.
To drive wider adoption, an ecosystem covering consumers as well as merchants, employers, and service providers is needed. This ecosystem needs to process multiple cryptocurrencies, offer protection against fluctuating prices, and settle transactions without any delays in order to work flawlessly.
Enabling users and merchants to interact and transact without relying on a fiat conversion, BitcoinVend proposes such a novel new system.
BitcoinVend is an easy-to-use, purpose-built smartphone app that gives individuals and businesses access to the most important components in any functioning ecosystem, all in one place.
BitcoinVend brings together:
- A Marketplace: Through which app users can buy and sell more or less anything, be it a physical product, digital product, or service
- A Payments Solution: All payments settle instantly or are protected by a built-in escrow
- An exchange: that functions similarly to other peer-to-peer crypto exchange platforms or like a traditional brokerage.
Collectively, these features enable any type of user to spend or accept cryptos, buy and sell goods and services getting paid in crypto, and swap between different cryptos at will – without technical jargon, heavy fees, or any fuss at all for that matter.
The founder of BitcoinVend explains that “We’ve created a straightforward product that anyone can easily use. If you can turn on your phone, you can use BitcoinVend.”
Unlike most other crypto apps which focus heavily on trading and investing. BitcoinVend is all about giving cryptos purchasing power in the real world, with exchange features tied in to ensure a seamless transition between different assets.
In the app, users build up their reputation and risk losing it through bad acting, disputes are solved through community mediators who must first prove their worth, and users also take care of policing the marketplace like private investigators for which they will be rewarded bounties.
The BitcoinVend Token (BCVT) eliminates fees entirely for users who stake or lock it within the app. It can be used like any other supported tokens to purchase items or services from other users and in the future will have additional use cases such as voting and charitable activities intended to distribute crypto far and wide to those who need it most.
Their unique and clever system brings together all the key elements required to integrate crypto into everyday life, business, and the world whilst keeping it simple, significantly reduces the barrier to entry, and strips out all the technical jargon.
With cutting edge wallet and settlement infrastructure built into a simple interface, and cost-free use for premium members who hold their token, BitcoinVend incentivizes the existing community to start using their crypto in the real world whilst making it possible for the rest of the world to get involved – the only barrier to entry here is a Smartphone!
In summary, BitcoinVend makes crypto simple for everyday people whilst appealing to the savvy crypto investor or trader looking to spend their tokens without converting to fiat.
The BCVT token is now listed on Bitcoin.com Exchange with BTC, ETH, and USDT trading pairs.