Denaro Announces Platform Development To Solve Crypto Liquidity Problem
Liquidity is one of the biggest challenge facing cryptocurrency. Exchanging cryptocurrencies from one blockchain or token form to the next has become as simple as drawing breath. However, the same cannot be said of exchanging crypto to fiat. Users often have to subject themselves to a vicious circle of hoops, converting from one crypto to the other before finally and subjecting themselves to all sort of confirmations before finally cashing out in fiat. Talk of queuing to shop for groceries or buy coffee under these current conditions.
Denaro is set to address this situation through its innovative multi-cryptocurrencies wallet and physical debit card. Denaro allow users to access, store, and spend their cryptocurrencies on a physical debit card at any online or offline payment terminals. Users will be able to load the card with either BTC, ETH, or Denaro’s native DNO token and use it for their daily without having to convert from one crypto to the other. other debit card. Merchants will be able to accept a multitude of crypto payments through payment terminals and customizable API/SCI functions.
Through it seamless payment terminals for merchant services, IBAN numbers, and API/SCI, Denaro aims to finally bridge the divide between crypto community and traditional financial infrastructure and make cryptocurrency consumption as simple as slotting in a card or clicking a button.
Denaro also offers personalized debit cards for both merchants and customers with high volume, though merchants seem to be the one getting the better end of the deal with a free payment terminal to encourage mass adoption.
Denaro’s smart contract-powered wallet is integral to every interaction on Denaro ecosystem. The wallet serves as a secure storage and exchange gateway for both cryptocurrencies and fiat currencies, allowing users to deposit, hold, send, and exchange supported cryptos and fiat through seamless peer-to-peer channels. The platform’s constantly evolving DNO utility token powers all settlement on the network. DNO token entitles holders to a wide range of exclusive advantages including bonuses, discounts, and premium merchant services on the network.
Denaro will be incentivizing its ecosystem by distributing a portion of its network transaction fees will be distributed among existing DNO holders when certain milestones are accomplished.