A major reason why most players in the financial sector do not process most payment for crypto is that crypto is irreversible. It is one of the major issues, which many companies are trying to resolve so crypto can finally make it into the mainstream.
Issues In The World Of Crpyto
The crypto ecosystem, which has been growing quite fast in recent months, still has major issues. Unfortunately, many fintenchs have not been able to deal with these issues. Users still feel unsafe when dealing with crypto in most cases. Their concerns are genuine since there have been major thefts perpetuated. In some cases, users also face poor service and unexplained fees being charged to them without prior notice. Besides that, the entire experience on some platforms can be messy, discouraging investors from taking part in crypto.
To solve these issues, Cointal is working towards eliminating fraud while ensuring fast, safe, and efficient ways to acquire crypto. One of their latest services, Cointal Unity, aims to achieve this.
Cointal Unity Aims To Solve The Fraud Problems
The crypto sector needs systems that can protect investor data and the possible negative consequences of such leaks. However, many exchanges have failed in this regard. It has led to numerous exchanges being used for money laundering activity. This puts the reputation of good investors at risk while they are mixed up in such platforms. Cointal Unity hopes it can deal with these issues without affecting the quality of the user experience.
Cointal Unity allows users to buy and sell crypto assets with credit/debit cards. For now, Bitcoin, Ethereum, Litecoin, Ripple, and Bitcoin Cash are going to be accepted in the Unity program. The company will also ensure that there are no delays when users use this service. The transactions will be completed fast, and users will not incur late payment penalties.
Cointal first proposed this service in 2017. They wanted to create a peer-to-peer exchange solution that would encompass Bitcoin Cash, Bitcoin, Litecoin, Ripple, and Ethereum. They had envisioned that such a service would have been up and running by the end of 2017.
With this new platform, users will be able to buy and sell crypto that is available on the platform with just a debit or credit card. Anyone will have the ability to convert his or her cryptocurrencies into fiat and vice versa. The Cointal Company has a mission to make crypto accessible to as many people as possible. While crypto may have a great future, it may never be achieved without companies such as Cointal. It is important to support such companies, which show initiative.
In fact, most regulators wish that crypto would just go away. Massive fraud is one of the reasons why China banned crypto in all its forms. However, if companies like Cointal can help to come with systems that work and protect investors, it could help the crypto world. Regulators might even be more willing to look at crypto favorably.