Why do we need stablecoins and what is the ultimate solution?
Since cryptocurrencies tend to have high volatility of prices, the marketplace is desperate for a compact solution – and that solution is investing in stablecoins with more stable prices alongside the robust attraction. Many cases around the world paid lunches or dinners with Bitcoins, like the man from Florida in 2010 who “burned in the air” 10,000 Bitcoins just to please himself with two pizzas. In today’s time, those pizzas would cost over $100m. Psyche is the only solution because it is set to revolutionize the crypto world by providing the fusion of cryptocurrency and technology, which is user-friendly to establish an unbreakable bond between people only. This platform will design and conduct a platform for numerous stable coins with more than 3.000 transactions in just a second with no additional fees, zero charges, no variety in prices, no exchange rate variations, and no difference at any time of the day. It is very easy to use just like PayPal and, above all, no commission.
The Best Solution
Designed for Businesses
During any transaction, the buyer needs to know exactly how much they are getting paid. Even if the buyer uses crypto coins, what they own now will have a different value in hours if not minutes. For example, the Bitcoin price fell from 20,000 to 15,000 in days. This fluctuation in value is partly why many people are wary of cryptocurrency.
Stablecoin is a requirement for every business, and thus it has applications across various platforms. This provides peace-of-mind for the buyer as they know the value of the transaction—there will be no change in the price in the coming days.
Psyche transactions are irreversible once completed/accepted.
OAuth/OpenID Connect, in conjunction with TLS/HTTPS, bCrypt and cryptography.
No transaction cost, no monthly/annual fee, no commission.
Peer-to-peer technology to operate with no central authority or middleman.
The transaction time is less than 3 seconds once it is accepted by the seller.
Borderless payment enables to sell in more geographical locations.