It appears that most cryptocurrency owners are still afraid to use cryptocurrencies for payments and other transactions. A survey conducted in 2018 by the Foundation for Interwallet Operability (FIO), a consortium of crypto wallets, exchanges, and payment processors, asked over 200 crypto owners with array of questions regarding their experiences in using cryptocurrencies in transacting so that they can shed light on the issue of about what’s holding them back from using it more often. The results showed that out of 200 respondents, only 30% were using their cryptos to send coins to someone else or another account at least once a month. That left a whopping 70% who rarely used their cryptos or never at all.
Out of this 70%, 43% used their coins for a purchase or sent it to a third party just a few times in a year, and 27% never used their cryptos at all. The research further showed that 13% out of 200 respondents didn’t use a digital wallet to store their private keys given that 50% of them holds between one to five different cryptocurrencies, 25% holds between six to ten different cryptocurrencies, and the other 25% holds 10 to 20 different coins. It appears that most of them are still too afraid to use their cryptocurrencies and felt some level of anxiety when they did use their coins. Most of them said that they were nervous that their transactions wouldn’t go as planned.
For additional comments in the said survey, the top three that came out were:
1. The process of sending and receiving payments was confusing.
2. The fees were too high.
3. Problems with address format and buggy wallets.
But all these worries and fear about using cryptocurrencies will soon be over as soon as Virie Market launches its Initial Exchange Offering (IEO) and Initial Coin Offering (ICO) for its native coins Virie (VRE), which is due to happen very soon. Virie Market is a decentralized virtual marketplace where everything can be traded for anything anywhere in the world, including currencies (both fiat and cryptocurrencies), goods, and services. It is not a payment system with the market. It is a market. In fact, it’s the first of its kind as it doesn’t use any third-party exchange to facilitate transactions. Cryptocurrency owners, investors, and just about everyone will not be confused when sending payments and doing transactions within Virie Market.
As it has been created for mass consumption, Virie Market’s platform is the most user-friendly in the market today. Nothing is confusing about it, so even if you are not a geek, you can process payments and transactions in just a few clicks. There’s nothing to worry about your transactions not going through as planned because it will only take a few minutes to process, you won’t even finish a cup of coffee yet. The fees are the lowest in the market, which is at 0.001 VRE coins only, just around $0.003 only with the current rate. There won’t even be a problem with storing them on your wallet as the system will automatically provide you with a safe file that you can save on your computer.
Here’s more. You don’t even have to pay a third-party to mine VRE coins for you, because the system will mine on its own, you’ll be surprised. With Virie Market, you can use your cryptocurrencies as comfortable and as freely as you want. Download it here and see it for yourself.