As seen on TheBitcoinNews
Hello dear readers.
In more than a decade, the cryptoasset market has gone through all the classic phases of a disruptive technology: massive bull markets and crushing pullbacks, periods of euphoria and moments of despair, FOMO, and everything in between. As the cryptomarket enters its second decade, one thing is clear: Crypto and blockchain are not going away!
As an initial reason why Bitcoin (and the broader blockchain space) is important, consider this strange fact about modern life: Although much of our lives has migrated online, money remains stuck in an analog age. We do not think about this reality much because we have excellent fintech apps and online bank accounts, but the underlying plumbing of our “modern” financial system is archaic. You can feel this, for instance, in the fact that wiring money abroad takes two to four business days and paying bills using your online bank account requires an equal amount of time. Although Bitcoin was the first successful cryptoasset to reach a significant scale, it was built on previous failed attempts.
Today, cryptoassets boast a combined market cap in excess of $ 920 billion. Cryptocurrency adoption around the world is rapidly growing. As of 2022, we estimated the global crypto ownership rates at the average of 4.2 %, with over 320 million crypto users worldwide, where, demographically looking, there are 63 m% male and 37 % female crypto owners. One reason why people are getting involved in crypto markets in the first place is definitely high returns. Between 2012 and 2021, the price of Bitcoin has increased by over 540,000 %. Bitcoin reached an annual growth rate of 60 % in 2021 and the cryptocurrency market is predicted to grow with a compound annual growth rate of 56.4 % from 2019 to 2025.
Now we can see cryptoassets and blockchain adoption in corporations, such as PayPal, Mastercard, Visa, Google, SWIFT, Microsoft, Starbucks, Booking, Twitch, Burger King, AT&T, BMW, Coca Cola, Lionsgate, Steam list goes on and on. Did you know that merchants who accepted crypto payments saw an average ROI of 327% and an increase of up to 40% of new customers? Major financial institutions, universities and hedge funds are getting involved in crypto and are even discussing how to develop blockchain-enabled digital currencies of their own.
This information can make you think, if that kind of mass adoption is seen with more and more corporations getting into crypto at the Bear time, one thing is clear: cryptoassets are cheap right now, and the provided solution of blockchain for many problems is incredible.
The market is rapidly expanding, as is the number of cryptocurrencies and projects for that matter. The global cryptocurrency exchange platform market size was valued at USD 30.18 billion in 2021 and is expected to grow at a compound annual growth rate of 27.8% from 2022 to 2030. Looking at this info, it’s expected for exchange platforms to serve a larger audience of inexperienced users who need to get a convenient, intuitive, and seamless user experience.
Without any prior knowledge and no experience regarding the subject, navigating through or even just starting your crypto journey can be very difficult or expensive. It can be very hard to find the correct information and learn about all the different things you need to even begin, like for example how and where you can create a crypto wallet.
The problem with already existing platforms and exchanges is the lack of simplicity as well as help for users. Based on the known platforms, none of them is specifically focused on new users and therefore does not offer all the tools customized for a beginner. Most of the existing platforms focus on having as many user options as possible, but as a result they lack the right beginner experience with customer support at the forefront. It can be very hard to get up-to-date feedback or answers and that is one of the most important and valuable things for a beginner.
Because we want newcomers to enter the crypto world as comfortably as possible, it is necessary to meet their requirements by setting up solid customer support and offering them the education they need before they even start trading. With this in mind, we thought of a way to make crypto more welcoming and straightforward. We created CryptoUnity. An all-in-one platform that will run on its own cryptocurrency CUT and will be focused on simple use. There, newcomers will have the tools they need to start, all in one place. The platform will have its own exchange, 2 wallets (hot and cold), a user’s portfolio and more added features. One of the most important components will be the education section, where users will be able to gather all the information necessary to begin with crypto, as well as additional, more advanced topics, with which they can upgrade their knowledge in the future.
Did I pick your interest? You are kindly invited to check our website https://cryptounity.org/ where you can find our White paper. Nonetheless we also invite you to join our community in our official Telegram channel https://t.me/cryptounity_cut
Start simple, Stay secure