Information they say is key, it enables one making the right choice about business decision. Nexty is an amazing platform for both potential and existing cryptocurrency investors around the globe. However, it is incumbent to note that investor needs the right knowledge of how things works on this platform at present and the future. This will enables the platform having the high level of credibility among its customers and investors, and as such, it will enable the investors in making an informed decision about the future of the platform.
Today, I will be taking you through the various internal and external factors such as the Strength, Weakness, Opportunities and Threats of this platform.
The Strength
- It Has Large Community Members: As the saying goes, “There is strength in numbers.” The Nexty platform has large community of members across the globe. For instance, their Facebook followers over 29,000 members, Telegram community has roughly about 34,000 presently and so on.
- It Has Zero Transaction Fees: With a zero transaction fee, the Nexty platform is a place to make a free transaction whereby you won’t be charge a fee when doing your thing, you will receive exactly what you send.
- It is Listed On Exchange: The Nexty platform is listed on the exchange Idax. It also has a trading pair with NYC-BTC and NYC-ETH and more exchanges are still coming up.
- It Has Mobile Wallet Application: The Nexty platform works on both mobile applications of Android and IOS devices which you download from their mobile stores. This enables the user to transfer coin and make payment at their comfort.
- It Has Real Time Transfer: One of the strength Nexty has was the easy transfer of coin from one wallet destination to another within 2 seconds.
The Weakness
- There Is Lack of Advanced Security Features On The App: There should be advanced way of login into the app by using of facial detection or finger print instead of using the conventional username and password method to login.
- It Has No Web Version: For now, the Nexty platform has no web version where user can create their wallet, send and receive money. But they will include this option soon.
The Opportunities
- Helping New Start Ups: Nexty has made opportunities to support various start-ups financially. In the sense that, many of these start ups has great idea but lacked finance to kick start these ideas.
- It has Untapped Potential In The e-Commerce Sector: The vast majority of stores and businesses has yet to tap into the cryptocurrency system of payment due to the time it takes for transaction confirmations. However, Nexty instant payment has solved these challenges by allowing shops to include Nexty as part of their payment option.
The Threats
- Regulation of Cryptocurrency: Some countries regulations is embracing cryptocurrency while some are restricting it. However, the major threat here is the regulations of this digital money which Nexty is among.
Finally, it will be interesting to note that no business survive without observing obstacles in one way or the other. From our discussion above, you will observe that Nexty is here to stay. The threat will be solved by properly orienting the people about the future of digital currency and its benefits.
For more information, click on these links
Website: https://nexty.io
Telegram: https://t.me/nextyio
Twitter: https://twitter.com/nextyio
Facebook: https://facebook.com/nextycoin
Medium: https://medium.com/@nextyio
Writer: Lily
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=2051442