KALYPAY: REVOLUTIONISING PAYMENT PLATFORMS
I am an African, a Nigerian to be precise and I know the headache I get when it comes to changing my fiat to crypto or my crypto to fiat, it is always stressful and I lose some of the value, because of the fees that the different platforms charge me when i move funds to and from their platform.
This is where kalypay comes in, with their aim to aid the proliferation and wide acceptance of crypto currency not just by normal users but by merchants, they want to revolutionise the payment world. I won’t be going into the technicalities of kalypay in this article, just the real life advantages and uses to which I as a Nigerian can put it to use.
So currently the problems facing crypto’s wide wide acceptance and feasible usage in Africa are quite a lot, and one of the reasons that i’ve noticed, is the difficulty that comes with switching from fiat to crypto or back again. And this usually stems from the fact that the wallets/accounts keeping these two modes of exchange secure for you are on two different platform, hence the plural in wallets, how much easier and stress free would it be if you had your fiat currency and crypto currency in the same wallet on the same platform, that is what KalyPay is doing with its payment platform.
On KalyPay you dont need to have separate wallets for your crypto and fiat, immediately you open an account with them both are automatically created for you, and what advantages stem from this you might say, well;
- The fact that both your fiat and crypto assets are in one place means that if you want to switch from one to the other it is all done within, kalypay, no need to transfer to another platform where the change will be done.
- Apart from the ease at which the transfer will be done another advantage of this is that, because the network in my side of the world can be shitty at times it can take time for funds to get transferred, and there might be fear of your funds not going through or even getting missing because of poor network, yes this can happen, but if it’s all done within the same platform even if it does get missing, you can complain, and they can easily trace the route of the transaction.
So a lot of people have family in the diaspora, that send money to them once in a while and we all know the headache that comes with that, all the codes and passwords that need to be exchanged, then the queues at the banks when you want to collect the money, not to talk of the fees inherent in cross border transfers.
But with kalypay all of that is in the past, no more codes, long queues, and transfer fees, since all of it is taking place on kalypay, transferring fiat across borders will be akin to transferring crypto from one wallet to another, easy, fast and seamless. Another boon that comes with using kalypay is that transferring to another kalypay wallet elicits no transaction fees at all.
As if all of this is not enough you can top up your airtime directly from kalypay using either your crypto or fiat assets, just mind blowing the use to which one can put kalypay to.
So do all of these cool features mean that crypto acceptance will increase, personally i think yes, because a major barrier as i saw it was utility and ease of use, which kalypay is steadily tackling.
The future is bright for crypto and kalypay is is fanning the blaze especially on the African continent.
#kalycoin #Kalypay #Blockchain #crypto #cryptocurrency #bountycampaign
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