First Blockchain Payment Infrastructure for Applications https://www.openfuture.io www.reddit.com/r/OPENPlatform https://t.
me/joinchat/FDNbh0M079pQr8E2tuRq3w Apr 2 How the OPEN Platform Will Reduce Volatility in the Crypto Market There’s a common misconception among some mainstream investors that cryptocurrencies have no real utility. One of the main reasons this perception exists is because not enough people are spending their cryptocurrency on real goods and services.
A 2017 study by the University of Cambridge found that only 19% of people in North America who own cryptocurrency are using it to facilitate payments. Europe and Asia had higher rates of crypto payments with 33% percent of the population using cryptocurrency to pay for goods and services. While Asia and Europe’s numbers show more people are actually spending cryptocurrency, there’s not enough crypto spenders to dispel the myth that cryptocurrency serves no practical purpose. The Challenge the Crypto Community Faces The real value of cryptocurrency depends on what can be accomplished with the coins and what the tokens can actually do.
Right now, a large portion of cryptocurrencies are being traded on platforms or sitting in wallets while investors wait for prices to increase. While traders and investors also play an important role in contributing to the greater crypto economy, these currencies must be usable in real-world settings to have any real value.
In order to ensure the success and stability of cryptocurrency markets, we must focus on blockchain projects that provide real-world solutions that appeal to the majority of people — not just specialized niches in crypto spaces. OPEN Platform Can Help Solve Speculation in the Crypto World OPEN Platform hopes to be the first of many innovative projects that uses blockchain to help people enrich their day-to-day lives. By creating an inclusive ecosystem where users can buy apps, pay for subscriptions, and make in-game purchases using a number of different cryptocurrencies, the OPEN Platform helps bring utility to existing cryptocurrencies. With OPEN Platform, developers are able to receive online payments through downloads and in-app purchases without using a middleman service like App Store and Google Play. Through the OPEN Platform, developers don’t have to pay expensive fees ranging upwards of 30% just to have their payments processed through a virtual marketplace.
Instead, OPEN Platform handles all payments in real time, giving developers access to their money in a matter of minutes with minimum fees. OPEN Platform is the world’s first decentralized payment processing solution, but that’s not what makes this project truly special. OPEN Platform differs from other blockchain projects in that it was developed with the mainstream audience and developers in mind. Our API is easy to use and requires no existing knowledge of blockchain technology. Developers can add OPEN Platform to new and existing apps using just a few lines of code, without needing to learn a blockchain programming language like Solidity. No major changes need to be made to the app’s backend development, and your codebase doesn’t need to be on-chain in order for OPEN Platform to work. The cryptocurrency market as a whole stands to benefit from OPEN Platform’s widespread success.
As more developers turn to OPEN to process their online payments, more people will spend their coins and tokens on actual goods and services. Utility speculation and market volatility could be minimized as more people in contemporary society view cryptocurrencies as a legitimate form of money that can be used to pay for virtual and real-world services. .
