All crypto payment issues come to an end with Livecrypto

Currently, a very few merchants accept cryptocurrencies at point of sale or over the internet. This results in huge inconvenience for the end-users as they have to switch to another crypto exchange first for exchanging their cryptos into fiat for making every purchase. It becomes very time-consuming and costly as they have pay for conversion fee as well. There are a few brands that have started accepting bitcoins but their limited number make it difficult for holders to use their cryptos.

Making real-time exchanges faster & cheaper

Therefore, Livecrypto comes up with all the solutions that make usage of crypto easier. This platform makes real-time exchange and payment easier on much lesser rates. It also brings speed into the crypto payments. At present, every bitcoin transaction takes 10 minutes on an average which is infeasible for point of sale purchases. However, Ethereum transactions are much faster and take around 24 seconds.

But, this speed is also not up to the mark for processing point of sale transactions. Moreover, neither the merchants nor the local currency providers agree on waiting for the stipulated time required to finish the transaction, which is essential to protect both the parties against fraud. The RAM token that has been introduced by the Livecrypto solves multiple issues in a go.

Broadest network of Retailers & Merchants

To facilitate maximum number of cryptocurrency users, Livecrypto has partnered with retailers and merchants at 39 million merchant locations. It means that Livecrypto users will be able use their crypto in all of these locations. The second thing it did was to make the payments faster on its application. It has been done by switching from the traditional method of writing payments on blockchain to creation of several state channels.

These channels would ensure that real time transactions are acknowledged on blockchain. Upon that, all the transactions will be funded through RAM's liquidity pool to execute point of sale purchases instantly. For using this functionality, users must hold RAM tokens that would grant them access to the state channels. This is a solution which can be applied to every business globally.

Facilitating maximum number of crypto users

This functionality will be available to all the RAM token holders, they will have to pay it as the operating cost of setting up the state channel.  These channels are actually a method to make off-chain transactions with the same level of security that you get with blockchain. Channels are tasked to execute interactions with blockchain, requiring only two or more users exchange information.

Livecrypto is an initiative that would facilitate the crypto transactions by making them safer, faster and more adaptable. It would let millions of crypto users utilize their digital assets without any delay. It would bring merchants, retailers and users on the same page. With this exchange, the real-time transactions would be quicker than ever. It would be a new dawn for cryptocurrency users and its upholders.