Since Bitcoin are first-generation cryptocurrency be the premiere of the all cryptocurrencies, many even thousands of coin or token present to offer solutions and improve the idea of decentralization as one of the unique features of bitcoin. Although there is a slight excess of a coin or token other than the bitcoin, coins and tokens that have not fully have a role and status in the buying and selling activities, mortar or another to legal tender.
Most crypto coins have played a role and can dominate in trade as a separate class of speculative digital assets that are very easy to change, even though there are already many crypto coin ATMs, hardware wallets, consumer marketing. This certainly makes it very difficult to become an alternative currency in replacing the role of fiat currencies in order to make payments in online and offline stores. In fact, there is not much crypto is only stored as little as gold or other collection items can be used as an exchange rate and a daily commercial transaction that is fun, such as packing snacks and a cup of coffee.
There have been many efforts made by the Tether project to solve the volatility problem, but the lack of Tether does not have all the benefits and needs that allow consumers and consumers to be accepted as payment units in daily transactions. Not only that, there is no incentive for users to apply it in everyday simple and commercial activities.
Of the various problems faced by Tether are no more still in the reasons why Tether and other cryptocurrency is not effective for mass adoption in daily transactions:
- A relatively long time so the user will wait and not be happy because of that.
- Users also need a non-trivial technical understanding that makes it not easily accessible to everyone.
- High transaction and exchange fees.
- Limited adoption by traders and consumers
- The absence of potential price increases so that price volatility cannot be ascertained.
In this decade, cryptocurrency still has limited functions in real-world activities. Therefore, there was a decline in the commercial value of crypto coins in a number of cases of their use. Even if it is equated with the growth of the cellular payment industry that continues to be achieved and enjoys global growth and mass adoption, it is certainly the opposite.
in the current generation, young people prefer things that are light, easy and sophisticated, they prefer digital exchange media such as apple pay, Paypal, Venmo, Alipay and UnionPay that are copied such as credit cards, debit cards and cash. All of these payment media require a number of financial intermediary interactions and therefore arguably have no benefits and efficiency created from distributed ledger technology (DLT).
Solution of The CafeCoin
Cafecoin foundation offers a system that is able to meet global user demand for mass market-oriented cryptocurrency that will provide solutions to all fundamental problems and reasons (some of which have already been said above) for broad commercial use that makes crypto achieve mass adoption.
Cafecoin will have a strategy in the following ways:
- Building Corporate Relations: CafeCoin will offer incentives for consumer and merchant adoption, starting with high margin retail coffee shops.
- Utilizing Innovative Payment Infrastructure: it is possible to achieve high real-time transaction volumes at very minimal costs in the market by utilizing blockchain technology,
- Simplify the Payment Process: Access coin liquidity by utilizing an intuitive mobile application and an easy-to-use interface that operates independently or in conjunction with existing sales system points.
- Giving Control & Customer Privacy: Customers will have control over historical payments in the block which allows them to optionally share this information with merchants in return for promotions and discounts made instantly.
CafeCoin ICO Details
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