THE CRYPTO PROBLEM
To me there are two problems that are stopping mainstream retail investors from entering the crypto-sphere.
- The technology and idea is too foreign. This can include questions around why crypto assets are worth what they're worth.
- Access to buying crypto is too complicated and confusing.
Both of these problems are filled with context and can be less or more of a problem for certain members of the public.
BTC MARKET'S AND NEW PAYMENT PLATFORMS
Recently the Australian cryptocurrency exchange 'BTC Markets' adopted the Osko payment system which allows Australian bank account holders to instantly (and I mean within a couple minutes) deposit fiat Australian dollars into their trading accounts 24/7.
Up to this point a system called BPAY had to be used in which it could take days for money to be deposited - and would only come through on weekdays.
SOLVING ACCESSIBILITY
There are a couple amazing things that come from this new tech being added to BTC markets. However, the main problem it solves is retail investors ability to get involved in the crypto scene. Once an account is set up money can be instantly deposited into it. You can start exploring the coins available and the trades you want to make while you're on the "crypto-buzz". Exploration is right at your fingertips within minutes. It's quite revolutionary.
AN ADDED BENEFIT
Secondly, for the more seasoned veterans of the crypto-verse it allows for taking advantage of price action within the market.
Here's a scenario:
It's December 2017 and you're seeing absolutely exuberant price action! You just got paid yesterday and want to take advantage of this situation. So you BPAY in some fiat on a Friday. You wait 4 days to Tuesday and your money is finally deposited. By this point Ripple has already surged 400% and you've missed out on a golden opportunity.
^This was me.
Now you can read, react and add to your portfolio quicker and easier. It is a win on every count. It's a win that should see the Australian market really add to its already flourishing crypto community.
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