hello my frineds
Today's article will be devoted to reviewing the capabilities of the Psyche coin. As in previous years, I have reviewed many coins for you and you have seen the return of those coins. Today I will examine the Psyche coin. The Psyche coin is basically a new currency that removes many problems for users and allows you to make many of your daily exchanges with a fixed value. This means that each coin is equivalent to one dollar and you can easily do all your international transactions with confidence. Join me to review the advantages of this coin compared to other digital currencies as well as other coins.
Problem statement, existing challenges
So far, each of us has used digital currencies many times to make online purchases or deposit money from our own accounts to other people's accounts or Internet sites. Things like PayPal Skrill, NetLor and so on. Also, many people who are familiar with Bitcoin and other cryptocurrencies have used Bitcoin or other altcoins for their payments. It is safe to say that the use of these currencies has accelerated exchanges, reduced interbank transfer costs, and shaped transactions in a new context. But is this the end of the story? Obviously not. There are still problems that need to be solved. "Among these problems are the following:
1- Transfer cost problem
As you know, intermediaries increase the cost of money transfers of any kind, and it does not matter if these intermediaries are PayPal, Banking Network, Bitcoin, Skrill, Netler, or other intermediaries. So in a nutshell we can say that Transfer costs in the banking system are very high Transfer costs in PayPal and Bitcoin are lower than in the banking system, but still do not seem to be low enough.
2- user-friendliness problem
Banking systems are easy to transfer, but you will need to have a phone number, address, and use various authentication software to log in to your account. Bitcoin and other digital currencies also need a different understanding of the blockchain system. This causes anxiety among some people, because there is a long way to go before they become popular. To understand this, you can compare it to the Internet, when the Internet became available, it took more than 10 years for people to get used to it. And today, after 30 years, it has become a popular method.
3- Price stability problems
The use of cryptocurrencies, regardless of the risks that people think about, also has the problem of price stability. Take a look at a bitcoin chart, for example, where in an instant the price may fall and the recipient may lose money.
4- Security problems
There has been a lot of news in the media about the hacking of bank accounts, because the codes used in banking systems are still not secure enough despite being encrypted. This is especially true in centralized digital exchanges.
5- Privacy problems
Many digital currencies force you to authenticate. Such as PayPal, Skrill and other digital currencies. You also have to authenticate at the bank. Even bitcoin transactions can be tracked and many reports have been published in this regard.
All of the above create a lot of problems, both in terms of cost, shipping time, security, authentication, and user-friendliness, all of which are problems with banking systems, digital currencies, and cryptocurrencies. But there must be a solution to these problems, the Psyche coin has solved these problems. We will examine it below.
An overview of the psyche coin solutions
With the study I had on this coin. The Psyche coin solves these problems mentioned above simply with the RefleX algorithm. These solutions are as follows:
1- Psyche has Transfer cost
Psyche coins are transferred free of charge. For example, in PayPal, to transfer money, if you are in the United States, you have to pay a fee of 9.2% of the total amount plus 30 cents; But if you are in other countries, the amount of commission varies between 0.3 to 9.3 percent. Which amount you get depends on the currency you want and the amount of money you want to transfer. Or in the case of Perfect Money, this cost varies between 0.5% to 2%. In the case of bank cards, depending on the country in which you reside, the transaction fee will be charged. Even in the case of Bitcoin, it costs around $ 12-20. But the transfer cost on Psyche coins is zero, that's great.
2- Psyche is user-friendliness
user-friendliness is the most important issue that many users are interested in considering when choosing. You will not see this using bank cards, Skrill, Netler and other digital currencies as well as cryptocurrencies. But transferring money using Psyche coins is simply drinking water. You can transfer your assets with just one email.
3- Psyche is stable coin
Psyche is a coin worth one dollar. This means that you can count on it like a dollar. Somthing that bitcoins and cryptocurrencies lack.
4- Psyche is high Security
This coin benefits from multi-layered protections. This makes it more secure and easier to work with. Say goodbye to being hacked by Psyche!
5- Psyche has Anonymous balance
You will not have to worry about revealing your identity in any type of transfer using Psyche . This is the greatest benefit of using a coin.
Conclusion
In this article, we review the problems of digital currency transfer systems and also cryptocurrencies. We listed the biggest drawbacks and talked about them in detail. We also looked at the solution. It turned out that the solution to such a problem is to use Psyche coin. This coin is fundamentally different from other digital currencies and cryptocurrencies in terms of security, transfer cost, user friendliness, and Anonymous balance, and is able to solve problems in this field.
Website: https://psyche.cash/
Whitepaper: https://psyche.cash/whitepaper/
Telegram: https://t.me/psycheusd
medium: https://psycheusd.medium.com/
BTT profile: https://bitcointalk.org/index.php?action=profile;u=86074;sa=summary
BTT user name: Britainacoin