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Top Payment-Focused Cryptocurrencies Based On Mass Appeal



For a few months now, the explosiveness of the cryptocurrency has been dependent on Bitcoin’s inflation hedge. More and more investors and companies are coming to terms with the benefits of introducing Bitcoin as a store of value. While this is a great development, it does raise questions about the original, and perhaps now-forgotten, purpose of Bitcoin.


Hedge fund letters, conferences, and more in Q2 2021

In its early years of existence, Bitcoin was heavily marketed as a digital form of money for everyday use. The goal was to provide a seamless payment process so that you can use Bitcoin to make purchases at your favorite coffee shop. Measured against the recurring scalability problems that lead to network congestion, however, this lofty goal no longer seems achievable. And understandably many have turned their attention to the “store of value” use case of Bitcoin.

However, this does not necessarily cloud the prospect of crypto as a payment solution. Several companies have dedicated their time, expertise, and resources to developing payment-centric infrastructures that remove the pitfalls of legacy cryptocurrencies like Bitcoin. As highlighted by Forbes, crypto payment is currently attracting the interest of traditional financial institutions primarily because of its streamlined cross-border transaction capabilities. Hence, it is becoming more and more likely that mainstream adoption of cryptocurrencies will depend on the success of crypto as a payment solution.

In this general context, it’s easy to understand why previously irrelevant factors are quickly becoming the top talking point in the crypto payments sector. For example, KYC is now a major factor that could determine mainstream cryptocurrency adoption. The other is the compatibility of the crypto payment network with company-based systems.

With that in mind, I decided to explore the best cryptocurrency networks conditioned for bulk payment functions. Here I will rank them based on their ability to meet the requirements for general acceptance. Essentially, these rankings are based on their willingness to appeal to a wider audience.

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Overview of the best crypto payment networks

Crypto payment networks

Author’s diagram

As you must have noticed in the table above, the list is bordered by the added features that could drive mainstream cryptocurrency adoption of any project. As a solution geared towards crypto payments, these projects are expected to look for ways to improve Bitcoin’s transaction performance. So it made more sense to examine these simple details beyond speed and cheap transaction fees. Here I based the rankings on the project’s KYC and AML support, enterprise integrations, credit / debit card implementation, and peer-to-peer performance.

After carefully looking at these factors, I created 9 crypto payment networks specifically designed to encourage mass adoption. The first on the list is UCoin Currency, which appears to have combined the elements of a traditional payment system and blockchain infrastructure to great effect. Next up is XRP, a formidable option for processing cross-border payments. The third project on the list is Litecoin, which has shown time and again that establishing yourself as the ideal crypto payment network is serious. Below is an overview of the top 3 crypto payment networks based on mainstream appeal.


Despite being one of the late bloomers in the crypto payments sector, UCoin, an ERC-20 token, seems rightly positioned to make a splash in the global financial realm. This project focuses on enabling a crypto payment infrastructure for everyday use. As such, it doesn’t compromise on speed or affordability. It even goes a step further to integrate functionalities that are attractive to companies.

One of these functions is the decision to meet KYC and AML compliance requirements. There is also the added benefit of debit and credit card integrations and other advanced institutional features like providing a regulated crypto custody solution. On the other hand, Ucoin is a relatively new venture. Hence, there is still a long way to go to catch up and overtake other payment-focused crypto projects in terms of market visibility.

Ripple (XRP)

Despite its current issues, Ripple remains one of the highly rated crypto payment solutions out there. The project aims to democratize cross-border payments by enabling instant transactions between two or more financial institutions. All of this is made possible by the unique design of its crypto network and native digital asset XRP. To be honest, Ripple is less concerned about everyday use by individuals. The aim is to involve as many financial institutions as possible and provide them with an instant cross-border and interbank payment solution.

Because of this, it has set up a number of company-based functions and has worked with multiple banks and gateways. Understandably, the project provides compliance systems. However, that hasn’t stopped the US Securities and Exchange Commission (SEC) from targeting the company for violating securities laws. It goes without saying that the future of XRP depends on the outcome of its ongoing lawsuit in the United States.


Anyone familiar with the crypto industry will know that Litecoin’s growth is firmly rooted in innovation. The development team is constantly looking for ways to establish Litecoin as a potent payment network. At one point, the project rolled out an official Visa virtual debit card solution in the US to improve the seamless use of Litecoin to pay for goods and services.

There have also been instances where Litecoin has forged strategic partnerships to bring the network to more users. One of them is the partnership with MeconCash, which enables users to withdraw LTC as Korean Won at 13,000 ATMs across South Korea. However, the cryptocurrency is working on integrating data protection functions. While this decision didn’t have a huge impact on the coin’s introduction, it will be interesting to see how regulators react to it.

Other notable discoveries

From my research, it appears that mainstream adoption comes with added pressure to put in place compliant mechanisms to ensure the payments network stays on the good side of regulators. Therefore, KYC and AML integrations are increasingly becoming core requirements for crypto payment solutions. Of all the platforms considered, only UCoin, Ripple, Nano and Zilliqa showed a positive level of flexibility in terms of compliance. In contrast, Litecoin, Verge, and Dash are privacy-oriented.

Final thoughts

As discussed in this article, the crypto payments sector is still alive and well despite the diminishing prospects for Bitcoin as an efficient payments infrastructure. For what’s worth it, solutions like UCoin, XRP, Litecoin, and Nano have taken the cloak and shown that mass adoption of crypto payments is achievable.

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1 in every 10 Irish investors hold cryptocurrency: Competition and Consumer Protection Commission survey



The Irish Competition and Consumer Protection Commission (CCPC) poll, published on September 16, revealed important facets of investment trends among the masses. CCPC is the legal body for promoting compliance and enforcement of consumer competition and protection laws in Ireland.
The survey came to the following results:


  • Information medium:
    • 62 percent of the 1,000 people surveyed used the Internet to obtain information about investments. The resources used by these people include online banking or investment websites, financial news websites, blogs, and social media platforms.
    • 38 percent sought advice from a bank or a financial advisor.

  • Investment form:
    • More than half, 56 percent of investors, prefer online investments.
    • Online investment options are more popular among those under 35.
      • In the under 35 age group, 36 percent preferred to use a trading platform or a mobile app such as XTB or Etoro
      • 29 percent of this age group use an online financial service provider like Revoult.
      • 22 percent of them preferred to invest through a bank or investment company.
      • 10 percent preferred brokers or agents.
  • Popular investment options:
    • For 1 in 5 people, stocks are the most popular investment option.
    • The second most popular investment option is government or corporate bonds, which are preferred by 12 percent of Irish investors.
    • 11 percent of investors held digital assets and a quarter of young Irish citizens speculated in cryptocurrencies.
      • The survey shows that more than 1 in 10 Irish investors have invested in one or more crypto assets.
      • Cryptocurrency investors in the 25 to 34 age bracket have grown to 25 percent. This group of investors is most open to savings in bitcoins or other digital coins.
  • Investment motivation:
    • 79 percent invested in order to achieve better returns for their money in the long term
    • 46 percent invested due to the current low interest rates.
      • In this 46 percent, 51 percent men invested more than 38 percent women because of low interest rates.
    • 26 percent invested in personal satisfaction
      • 47 percent of them were under 35 who invested in experiments.

Based on the results of the survey, Gráinne Griffin, Director of Communications at CCPC, concluded that Irish citizens switch online both when it comes to investing and looking for information about investing. The survey clearly indicates a transition to digitized investment, especially among the younger Irish population, Griffin said.
For the latest crypto news, investment tips, and real-time price updates, follow our Cryptocurrency page.

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Cryptocurrency: Here’s How the Top 5 Coins Have Performed Since April 2021



Cryptocurrencies have got off to a slow start this year, largely due to an order from the Reserve Bank of India (RBI) to banks telling them not to trade crypto. Cryptocurrency trading accelerated after the Supreme Court lifted the RBI ban in March and allowed coins such as Bitcoin, Ethereum, Dogecoin, and others to be traded. Since then, several online exchanges such as CoinSwitch Kuber and CoinDCX have flourished. But investing in these virtual assets requires due diligence given the extreme volatility of most cryptocurrencies. One way to do this is to look at the historical dates of these coins.

How cryptocurrencies have behaved in the past few weeks and months can give an idea of ​​their potential in the near future and whether a person should invest now or wait.

This is how the top 5 digital coins have behaved since the beginning of this financial year (as of April 1):


Bitcoin is the oldest cryptocurrency in the world. Since its introduction in 2009, it has remained an undisputed leader in the cryptocurrency market. It was Rs. 42 lakh on April 1st of that year, but by the end of May, when the market collapsed massively due to a Chinese crackdown on mining, it had hit a low of Rs. 22 lakh. However, Bitcoin has recovered. On September 17th it was Rs. 37 lakhs.


Experts say this is the only virtual currency that has a chance to challenge Bitcoin’s dominance, but it is far from realizing its true potential. At the beginning of this fiscal year, Ethereum was trading at Rs. 1.40 lakh. It broke the Rs. 2 lakh barrier by early August. This was the time when the Ethereum blockchain had the big London upgrade. Since then, it has grown in value continuously. As of September 17, at the time of writing, it was Rs. 2.76 lakhs.


Launched in 2017, Cardano is a relatively new cryptocurrency coin that has skipped the line to find its place in the top 5. Billed as a third-generation blockchain (Bitcoin and Ethereum are the first and second generation, respectively), Cardano achieved a return of almost 150 percent in just one month. On July 20, it was trading at Rs. 79.71 but by August it had peaked at Rs. 191.41. It saw further gains over the next few weeks, hitting an all-time high of Rs. 227 earlier this month. But profits have since started to decline. On September 17, at the time of writing, it was Rs. 187.82.


Tether is a stablecoin pegged to the US dollar. As the first coin, it is the most popular stablecoin. Since it is pegged to the dollar, meaning that each Tether coin should be backed by actual dollars in Tether Limited’s reserves, it is very stable compared to other cryptocurrencies. If this stability is predictable, it also limits the ability to grow wealth quickly. It stayed within the Rs. 73–75 this fiscal year. It was about Rs. 77 on 09/17.


It is the fifth ranked cryptocurrency in terms of market capitalization. Technically, Ripple is not a cryptocurrency. It facilitates open source payments and XRP is the cryptocurrency that runs on this network. The price has doubled from Rs since April 1st. 41 to Rs. 80 now. But it hasn’t seen a rally similar to what it did in late 2017, which hit its all-time high of Rs 242 in early January 2018. At the time of writing, it was Rs. 84.

Interested in cryptocurrency? We discuss everything about crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain on Orbital, the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music, and anywhere you get your podcasts.

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financial: Cryptocurrency Hyper Fund under government scanner



NEW DELHI: The government is closely monitoring the cryptocurrency in the market based outside of the country after alerting that the authorities responsible for investigating financial fraud are watching a company called Hyper Fund.

Sources said Hyper Fund, a DEFI from the Hyper Tech Group, recently got under the radar. The group claims to have launched the Hyperfonds to provide a decentralized financial infrastructure. Hyper Fund was announced in mid-2020.

However, according to the company’s website, it is run by Ryan Xu, however, using the Multi-Level Marketing (MLM) model, Hyper Fund has attracted investors with higher returns and such offers, a common practice with Ponzi programs that have alerted authorities first place.

According to sources, complaints against such funds are piling up in several states. In India, the RBI, the Union Finance Ministry and SEBI had warned against trading in cryptocurrencies. The RBI plans to launch India’s official digital currency – E rupee – shortly.

The Treasury Department has made it clear that virtual currencies are not legal tender either. Therefore, VCs are not currencies. The RBI has also made it clear that it has not granted any company / company a license / authorization to operate or trade in Bitcoin or a virtual currency.

In June 2018, Amit Bhardwaj and his brother Vivek Bhardwaj were arrested by Pune police at Delhi Airport in connection with an alleged pyramid scheme. Bhardwaj, started his own Bitcoin mining operation and reportedly defrauded more than 8,000 people across the country for Rs 2,000 crore.

He has filed a complaint with the Delhi Police Department’s special cell alleging that he received a blackmail call and was asked to pay protection money on September 6, 2021 in exchange for promised higher returns.

UK regulators have issued warnings about such funds, and the Financial Conduct Authority (FCA) has issued warnings for both hyper-funds and fund advisers.

On its website, first published March 23, 2021 and later updated on August 31, the FCA said, “We believe this company may offer, advertise or sell financial services or products in the UK without our approval Any financial service or product required in the UK must be authorized or registered by us. This company is not authorized by us and is aimed at individuals in the UK. ”

She warns investors against such a fund and goes on to say, “You do not have access to the Financial Ombudsman Service or are protected by the Financial Services Compensation Scheme (FSCS), so you are unlikely to get your money back if something goes wrong . ”

The website used by these companies under the FCA is,

Decentralized finance offering (DEFI) via blockchain technology from HyperTech Group, which is said to be based in Hong Kong, sources said Indian regulators and agencies have started monitoring the situation.

Following actions by financial regulators such as the US Security and Exchange Commission and the UK Financial Conduct Authority, Indian regulators and enforcement agencies have started overseeing investments in Hyper Fund – a decentralized financial offering powered by blockchain technology from the HyperTech Group.

Financial regulators around the world recognize the fact that Ponzi program organizers often use the latest innovations, technologies, products, or growth industries to attract investors and promise high returns on their program. Potential investors are often less skeptical of an investment opportunity when they judge something new, new or “current”. On its website, Hyper Fund claims to be “the strongest rocket in blockchain funding”.

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