Unpacking Cash Tech
How Does It Maximize Digital Currency?
The Backdrop
In this modern age of the internet and technology, society has expanded to occupy a strong virtual presence, which has led to a thriving online community where people can interact and transact. In fact, according to GWI, roughly three-quarters of the world’s internet users aged 16 to 64 buy something online each month [1].
This trend has given rise to digital currencies which capitalize on instantaneous transactions that can be seamlessly executed for making payments across borders when connected to supported devices and networks at relatively low costs [2].
The Dilemma
However, digital currencies have yet to be maximized to their full potential mainly because there are fewer real world spending opportunities available. One of these factors includes the lack of support from most banking systems causing a barrier for wider adoption of digital currency as a mainstream payments mechanism [3].
Cash Tech’s Answer
Cash Tech’s solution is simple: create an app that makes it easy for merchants and consumers to spend and use digital currency. Using multiblockchain integration, Cash Tech plans to make conversion, payments, staking and lending accessible and convenient for its consumers. Cash Tech offers decentralized consumer banking, exchange and merchant gateway with over 500,000 partner merchants with appealing incentives for users of the platform [4].
With the Cash Tech app, digital currency can be used for in-store and online retail purchases, transportation, payroll, e-commerce and a host of others. While still in development, Cash Tech’s DeFi roadmap is straightforward in its goal of making the use of digital currency practical and convenient for ordinary people in order to bring digital currency to the next level.
[1] https://datareportal.com/reports/digital-2020-global-digital-overview
[2] https://www.investopedia.com/terms/d/digital-currency.asp
[3] https://treasury-management.com/articles/the-pros-and-cons-of-digital-currencies/
[4] https://cash.tech/?fbclid=IwAR30bNJZ7Kg2HHp6EyVSykzQEwWf-9hmrJEpm2RChG6C7rEyjnH_3EFAt9Q
