The Coinnup ecosystem encompasses five core platforms: Crypto Exchange, Fiat central, B2B & B2C payment gateways, Debit cards and POS network along with the universal wallet. This ecosystem makes it easier to combine fiat and crypto in one single package and will streamline all the major components that drive the digital economy. We intend to take all the sophistication into the backend to offer extremely simple, portable, secure & technically robust platform.
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It's no new that cryptocurrency has developed since it first showed up. It has also proved to be a very good solution to most of our financial problems. Cryptocurrency finding its way to all business has also increase the pace at with Fintech develops, it has proven on many grounds that it can replace our day to day fiat currency. Cryptocurrency became a good means of exchange and settlement of debts? I think that one of the most important qualities of money or one of the important quality money should have.
But for a means of payment that we all hope can replace fiat one day, cryptocurrency haven’t been able to break off of fiat for the fact that unlike fiat cryptocurrency cannot yet be used to do our day-to-day buying and selling. Its impossible to use cryptocurrency to buy anything you will just have to change back to fiat before you spend. Cryptocurrency haven’t been widely accepted because of these major problems:

PROBLEMS

1. UNFRIENDLY PLATFORM

Ordinary users face a lot of unnecessary hurdle every day while trying to use cryptocurrency. For newbie to the crypto world, it’s just an unfriendly world. A primary example would be any Australian customers that buy/sell, trade or use cryptocurrency by any means. Australians are early adopters of cryptocurrency and through digital currencies and yet goes through unnecessary hurdles.

2. CRYPTOCURRENCY USE CASES

Though cryptocurrency has found its way into every business nowadays but its use cases are most of the times not practical, we see it as a store of value that can be used as money but it can’t do what we use our money for like buying groceries and paying at café, this is because it is not widely accepted yet and it is not because it is not yet know but its because of this problem:

3. FIAT TO CRYPTO EXCHANGE

The problem of fiat to crypto exchange is vast and varies on different exchange. Crypto is hard to change to fiat and vice-versa this because there are many hidden charges that are not visible to users before registering on exchange. Also getting registered on exchange can take a long time before verifications are done. Let’s take John as an example: If John wants to invest AUD 5000 into ABC Coin, John must first purchase BTC. John compares prices and finds that BTC is 10-15% more expensive on local markets than on Fiat-to-BTC exchanges. The obvious choice is to register with an exchange, but after days of waiting period and tons of attempts to verify his identity, John discovers the exchange charges a USD 120 service fee. As BTC rates are still considerably lower than BTC domestic rates, John proceeds to use the exchange anyway. John must now register with other exchanges to find ABC Coin. ID verification can take up to 21 days to complete, and when finished, John pays a transfer fee to send his BTC to the new exchange. He also notices that BTC rates on newly registered exchange is lower than the exchange he purchased the BTC. Hence, loss in BTC value. Finally, John must pay a trading fee to the exchange to purchase ABC Coin. His AUD 5,000 of BTC is now worth AUD 4,550 – he has paid nearly 10% of his initial investment in fees.

4. CRYPTO WALLET

There are different wallet in crypto world, most times its almost different kind of wallet for different assets. Most wallets provide users with few features. Users often must choose between security, compatibility with various coins, backup management, and exchange integrations. Available options leave users with few possibilities of having some and not having other features. There have not been a wallet that offer full feature a wallet should have and no wallet offers support for all digital assets.

So what is the Solution to these problems?

COINNUP

The Coinnup ecosystem encompasses five core platforms: Crypto Exchange, Fiat central, B2B & B2C payment gateways, Debit cards and POS network along with the universal wallet. This ecosystem makes it easier to combine fiat and crypto in one single package and will streamline all the major components that drive the digital economy. We intend to take all the sophistication into the backend to offer extremely simple, portable, secure & technically robust platform.
Coinnup ecosystem want to solve Fintech problems by creating a platform that offers an exchange that will make it easy to change from fiat to cryptocurrency, a good use case for cryptocurrency by making it easy to spend via POS(point-of-sale) system, an easy verification process to ease registration.

SOLUTIONS

1. ID CENTRAL

Our unique ID verification system will guarantee that users can trade, buy, or sell cryptocurrency within minutes. We will accomplish this by providing users with a central profile that only needs to be verified once to access all of our services. With the ID central getting verified only takes two steps: New users will only need to upload their Photo and any Government issued ID card and verification will be done within minutes.

2. COINNUP POS SYSTEM

With Coinnup POS system users will be able to spend their cryptocurrency anywhere. The non-acceptance of cryptocurrency is because businesses haven’t found a sufficient system that is reliable. Our point-of-sale (POS) system will allow customers to pay utility bills, top up mobile credit, send and receive money domestically and internationally, buy groceries, buy and sell cryptocurrencies, much more, on-the-go. This will not only offer tremendous convenience to buyers but also support business growth, reshaping any retail business with a single portable POS terminal.

3. FIAT CENTRAL

With Coinnup Fiat central users will be able to change their fiat currency to cryptocurrency easily and fast with less than 10 seconds transaction time.

4. COINNUP WALLET

CU TOKEN

Token	CU
Price	1 ETH = 2800 - 2700 CU
Bounty	Available
Platform	Ethereum
Accepting	ETH, BTC, LTC, BCH, NEO
Minimum investment	250 CU
Soft cap	21000000 USD
Hard cap	32000000 USD

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Thanks for reading I’m Samkol on Bountyhive.io