Despite widespread innovation and technological development over the past couple of years, the biggest problems with cryptocurrencies today are the same as they were back then.
It’s safe to say that most people who are going to adopt cryptocurrencies for ideological reasons or as speculative investments have already done so. Unfortunately, those groups haven’t pushed crypto into the mainstream. The majority of people still see cryptocurrencies as extremely risky and complicated, and there are few solutions that make cryptocurrencies easy to use in everyday life.
Then, of course, there are the problems for merchants. Online merchants already have to deal with several Payment Service Providers (PSPs) that lack interoperability, and adding cryptocurrencies to the mix can be both time consuming and confusing for them. Likewise for brick-and-mortar shops, but with the additional obstacle of limited options for specialised software or hardware.
These are big problems, but they are not insurmountable. The internet faced similar obstacles and growing pains during the 1980’s and 1990’s before becoming the backbone of the global economy in the past two decades.
In the future, using cryptocurrencies in our day-to-day lives will be easier than using credit and debit cards is today. Around the world, people will grow increasingly familiar and comfortable with new types of transactions that are cheaper, more secure, more efficient, and borderless.
Bitenny is an AI-driven financial asset management and payment platform that can play a big role in making that future a reality in the years to come. At the heart of the platform is Prally, a digital assistant powered by artificial intelligence. Prally will be integrated into Bitenny’s free digital wallet, which allows users to:
As for merchant adoption, Bitenny has a solution to overcome the obstacles there as well. Key to that will be a feature-rich Bitenny API that can be easily integrated into online stores at zero cost to the merchants. This will allow merchants to immediately begin accepting over 50 methods of payment, including a comprehensive collection of the leading cryptocurrencies.
On top of that, Bitenny’s solution can help brick-and-mortar shops to start accepting cryptocurrency payments too. This will be done through a specialised software application that can be installed on any tablet or computer to convert it into an easy-to-use point of sale device.
Ultimately, cryptocurrency projects can only succeed if they have great engineering teams driving their development. Bitenny’s CTO, Nardie Scharenbord, inspires plenty of confidence in that respect, having 20+ years of experience as a program manager and entrepreneur in finance and IT, specializing in AI.
Co-founder and CEO Shahdad Kiyani leverages his background in IT, digital marketing, and business development to manage the project, while fellow co-founder and CCO, Mahdad Kiyani, has more than 15 years of diverse experiences in software engineering.
More information on the Bitenny team and advisors can be found on the About section of the project website.
Bitenny has developed a utility token, BTNY, which will be used as an in-between for converting tokenized fiat currencies between Bitenny wallets, enabling rate discovery and advancing liquidity in the process. Additionally, BTNY will be a payment option for payments relating to good and services through the Bitenny wallet.
The BTNY Token Presale begins on February 28th at 12:00 UTC and ends on May 28th at 23:00 UTC. BTNY can be purchased with USD, AUD, BTC, ETH, and XEM.
There will be a total of 700.000.000 BTNY available for sale, priced at 1 BTNY = $0.07. The minimum investment amount is 0,3 ETH. Investors who participate in the presale will receive a 40% bonus on their investment.
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