We are excited to have been recognized for our ongoing efforts in growing Bitcoin acceptance as well as growing our cryptocurrency businness. ChainNews used data sourced from Crunchbase and SemRush.
ChainNews selected selection criteria was exceptional performance in one of these categories:
Innovative route to market
Exceptional growth strategy
About currency Hub: With support for more than 50,000 trading pairs as well as fiat to crypto purchases, CryptoSimba.com is a non-custodial cryptocurrency trading platform where every transaction is encrypted, secure, and verified. It’s built using state-of-the-art tech with an appealing interface that allows anyone to safely buy and trade cryptocurrency. For more information, visit https://currencyhub.io.
E-commerce platform CoinMonster.store launches a new affiliate marketing program.
The Coin Monster Store carries crypto branded gear for various Web 3.0 projects and has grown organically, primarily by word of mouth. With the launch of our new affiliate program you can now earn commissions when referring people to our store. Affiliate members receive commissions from all qualifying purchases. Our competitive conversion rates help members maximize earnings.
Members use their customizable affiliate links to refer customers to our site. Members can also share discount coupons and earn referral commissions every time their coupon is used. With our new dashboard affiliates get access to real-time metrics, creative assets, payment updates, and other account activity.
An Affiliate Program allows you to earn commissions by referring new customers to Coin Monster through affiliate links and banners placed on your site, social media, email or other channels. When a user clicks on your banner, custom link or uses your discount coupon code and then lands on the Coin monster site and makes a valid sale, you get a commission for the sale.
Signing up is easy with instant account approvals.
Crypto industry leaders turn to FIO as they look towards the future.
Cryptocurrency has long been heralded as a technology that can change the world. But the fact is that it is largely only understood or trusted by those who understand the technology. This is because cryptocurrency is still pretty difficult to use. Sending funds to a seemingly random and unreadable hash of characters and numbers is something that turns off the average person.
Like the Internet before the World Wide Web, cryptocurrency needs a layer of technology that bridges the technological complexity with a more friendly user experience. The experience of dealing with even one cryptocurrency is not very satisfying for the average user. Combine this with all the exchanges and different tokens (along with their different address) that users must interact with and it can become a bewildering experience. FIO offers a solution to all of this by abstracting this complexity into a layer that simplifies and integrates much of the cryptocurrency ecosystem to give a cleaner and friendlier presentation to the end user.
What is FIO?
The FIO (Foundation for Interwallet Operability) Protocol is a decentralized service layer designed to improve usability across the entire cryptocurrency landscape. It is an industry standard that will simplify the interaction between every blockchain, token and coin. The protocol will be ultimately guided by the Foundation of Interwallet Operability (FIO), a consortium of wallets, exchanges and crypto payment processors.
How Does FIO Make Crypto Easier and Why is it Important?
The FIO protocol provides an address that works with every token and coin automatically. All the different addresses that must be used for each coin or token are no longer necessary to know about or even see. These addresses can be human-readable as opposed to the cryptic hashes that are used on the blockchain. Along with the ability to send fund requests to other parties, you can also attach metadata to any transaction. This removes the sometimes confusing task for figuring out what was behind a cryptocurrency transaction. This information can be encrypted to ensure total privacy.
Though FIO is still in the early stages, there are many other great features planned. These efforts and more are publicly viewable on this handy site, fio.tools. They are laid out in FIO Improvement Proposals (FIPs).
All of these features are important because making the use of cryptocurrency easier will make it more attractive to use. Being easier to use means that cryptocurrency’s advantages will shine that much brighter and increase its adoption. Abstracting public addresses and private keys will go a long way toward making the use of cryptocurrency so easy that even Granny can use it.
Increased adoption is something that all who are invested in cryptocurrency are eager to promote. That’s why Binance with its venture capital arm, Binance Labs has participated to help fund the development of FIO.
Binance Labs Led a Series A Funding Round Which Raised $5.7 Million for FIO
Dapix raised $5.7 million to fund the development of FIO, with Binance Labs leading the way. Other investors included Access Venture Partners and Dundee Venture Capital. This fundraising round followed a seed round in 2018 which raised $2.3 million.
The average person is no more comfortable using cryptocurrency in its present state than your grandpa is navigating a Linux command line. In order to get adoption for cryptocurrency as a whole, an easier and friendlier outward presentation must be made to the user. FIO offers a tremendous vision for making this happen. It is not only a vision but a project well under development to make that vision a reality. With funding from cryptocurrency leaders like Binance Labs and with a growing number of cryptocurrency exchanges on board, the project has the initial funding to proceed and the ability to raise more funds increases with each exchange listing.
Cryptocurrency has vast potential to break down financial barriers. One barrier that is often overlooked is the barrier to entry that comes with being difficult to use for the average person. No matter how often enthusiasts downplay these difficulties, the fact that remains that average people who are not passionate about the technology will not make the sacrifice to learn how to use it. That’s why a project like FIO is needed and companies like Binance recognize this. Having a user-friendly layer on top of the cryptocurrency ecosystem has the potential to greatly enhance the community as a whole.
Enigma wants to build a better internet by solving for privacy.
Enigma builds and supports groundbreaking privacy-focused technologies and networks. They are a core contributor to the Secret Network, a unique blockchain-based network where computations can be performed on encrypted data. Enigma’s mission: improve the adoption and usability of privacy-first products, for the benefit of all.
Enigma started at MIT in 2015 with a vision: solve the privacy crisis caused by today’s broken, over-centralized internet. A more decentralized internet, based on decentralized protocols and privacy-first products, can create enormous value, opportunity, and freedom for millions of people.
Now on Currency Hub, you can buy and sell ENG token, the native digital currency of the Enigma protocol.
About Enigma: We are securing the decentralized web. We solve for privacy with “secret” smart contracts, allowing dApps and blockchains to use private/sensitive data.
About currency Hub: With support for trading 150+ cryptocurrencies and fiat to crypto purchases, CurrencyHub.io and CryptoSimba.com are non-custodial cryptocurrency trading platforms where every transaction is encrypted, secure, and verified. It’s built using state-of-the-art tech with an appealing interface that allows anyone to safely buy and trade cryptocurrency. For more information, visit https://currencyhub.io.
“I tried to explain cryptocurrency to my Mom and it did not go well. Different alphanumeric addresses, wallets, tokens… she’s never going to get it. The FIO Foundation wants to fix all that. One address for all your crypto. name@domain It’s that easy.”
Usability is the achilles heel of crypto adoption
Blockchain and cryptocurrency were founded on the idea of creating accountable, secure, efficient platforms for exchanging data and by doing so, building and sustaining trust. Unfortunately, cryptocurrency in its early stages has proven to be a difficult technology to understand, especially for those that are already unfamiliar with disruptive technologies like blockchain.
Blockchain developers have done an incredible job innovating and producing new products for the world to take advantage of, and the potential that they have unlocked is limitless. However, for cryptocurrency to move to the next level of adoption, it needs to be easier to understand and manage. People (your Mom and Dad) will need to start thinking of it as money that they can use and transact with, or more importantly they should not have think about it at all, like fiat currency they just need to use it.
If you’re familiar with the crypto space, you understand that when you’re using cryptocurrency, you must learn how to acquire it, set up wallets, store and manage your assets. Setting up a wallet the first time is a nerve-wracking prospect for most people, let alone having to manage potentially dozens of tokens.
Cryptocurrency has shown vast utility, features, and applications. It can be used for everything from sending money to a friend, buying an airline ticket or donating to your favorite charity. Crypto is amazing, but it is also just an obscure concept for most of the population. For people to feel that it’s safe and start using cryptocurrency they must understand it.
So, we know what is keeping many people from adopting cryptocurrency— managing it is complex, risky and it is hard to understand. If we can help solve these problems then we can make it easier for cryptocurrency to be adopted by the masses, and the world would be better for it.
Finding our way to mass adoption
This is where FIO comes in.
FIOis a protocoland an ideathat will help drive mass adoption. FIO allows people to simplify their cryptocurrency ownership by setting up one address for managing all their cryptocurrency. Consumers love simplicity and ease of use, and that is exactly what FIO provides. With FIO adoption, consumers will focus on the benefits of cryptocurrency instead of the hardships of owning it and will be more likely to adopt it into their everyday lives.
FIO also helpsexpand a wallets capabilitiesby allowing users to request funds from one another and it allows payments to be made with a single click. This could be requesting payments from your friends for dinner or a movie. For a small business this could be sending an invoice and getting paid immediately, no more waiting 30 days.
When the FIO Foundation succeeds it will deliver the usability and ease-of-use that cryptocurrency needs to be synonymous with money. There are many “user-friendly” crypto wallets out there, andFIO adoptionwill help make every one of them better.
A look to the future
If cryptocurrency is to succeed and become a common currency that is used for everyday transactions, it is imperative that it is used by all segments of the population to at least some degree. To gain mass adoption, it’s important that cryptocurrency becomes easier to use and more central in the way that it’s transacted. With FIO, this becomes possible. Managing all assets with one address makes the entire topic much more approachable.
We already know the benefits of cryptocurrency and all that it can offer to the world. The next step is making it more accessible, more practical, and easier to use. FIO can accomplish all of those things and for that reason, the FIO protocol is poised to become the crypto game-changer.
To succeed we all need to participate
The launch of the FIO Mainnetis just the beginning. FIO is a building block for innovation that will support even greater crypto ease-of-use and the best part is, by supporting FIO we all get to decide where we go from here.
Okay, you’ve made it to the end of this article, it’s time for you to go add FIO support in your product and then you can talk to your mom about how easy it is to use cryptocurrency.