Currently the world of crypto is full of
enourmous amount of different "curencies" and that situation is totally opposed of the main idea of the
global universal online payment opportunity. The simplicity of peer-to-peer transactions is broken in the situation when a person maintain ex. ADA and the merchant allow payments with ETH or XML. In such a case insead of easy immediate transaction between both participants we have involved a third party as an exchange service which
brokes the simple srtucture and the time frame. It`s unnaceptable. Years ago when LTC appeared I thought "
what a silly joke, why someone have to duplicate a brilliant idea? What`s the sence of plagiarizm in all?" However may be we`ve growth enough to have some diversity. Some more improvements and particular advantages could be find into the different algos.. but we lost the basis. I think that problem must be solved in near future asap. It could be done only with a development of a
global holder of multiple cryptocurrencies. It must be dynamic, real time processor and convertor with ability to hold thousands of currencies.
Let`s name it
UNI for example. The client must be able to maintain inside various cryptos he have and to make a choise which one to use for payments at that moment. ex
-------> 10 UNI ----->>The UNI will get proportional amount corresponding by the amount or weigth of Your cryptos ex. if You have to pay 100 UNI and You have 40% uni as BTC and 20% LTC 20 DASH 20 ETH it will pay 4 uni with btc, 2 uni with ltc etc.. You can change the settings with what to pay for every payment, so we need to have user interface OS iOS integrated. The merchant on his side must have the opportunity to choose how to hold the received UNI - as btc, eth or whatever.
-------> 10 UNI ----->>
I
don`t think the holder must have its own coin or token bcz that will make the convert process too complicated, it must be
just a holder and must have outside measure to convert cryptos between - it could be of course BTC.
It must be clear that it`s
not to be a kind of exchange as ex. ETHOS intend to build but real processor that
do peer-to-peer instant payments; the exchnge process is
just a part of it. Such a thing already exist into the fial real world and it`s called VISA/MasterCard/...anyCard. - ex. I hold USD and when I pay with it in NY I pay with USD, but it`s not useless if I hold USD and when I pay with it in NY I pay with USD, but
it`s not useless if I go to Canada - I pay with it and the merchant receive CAD from my USD balance, calculated by my bank on its today course. When I go to Europe I do pay again with the same VISA and the merchant receive EU! I can imagine how it was before the cards - when one travel he must go to a bank office every time he must spent in different country, to exchange his usd and if something remain unspent to go once again to turn it into his own currency. Let`s make that important step in the world of crypto too. The difference between visa/bank holder and UNI holder is that UNI must be
much more flexible due to the real time chnges into the crypto market. It`s not enough to maintain only few main cryptos as coinbase etc, we need it
at least for all cryptos listed in coinmarketcap. As I noted must not exist UNI coin or token as
doesn`t exist VISA fiat bcz it will make the things too complicated and unstable. The developers could add a fee for transactions or on yearly basis. I do understand such holder could be realized nowadays just by some well capitalized exchange bcz the process needs exchange, different wallets maintainance and so. Of course it could be also self menaged project if it has enough budget.
I really hope it will be build very soon as it`s open the doors for much more easiest and acceptable way to use crypto into the real world.
