Cryptocurrency and blockchain technology remain the most disruptive and revolutionary
technology of the 21st century. Since the innovative creation of Bitcoin by the mysterious
Satoshi Nakamoto over 3500 other Cryptocurrencies have been created. This is resulting from
the success of the Bitcoin itself. Cryptocurrency was invented to change and revolutionize the
financial world as we know it, and the blockchain technology was created to serve as a
validation mechanism. Since then, the technology has come to be applied not only to the
financial financial sector but also to other industries like the oil and gas, real estate, education,
medicine and even law, just to mention a few.
However, despite the disruptive nature of cryptocurrency, and its invaluable benefits and
potential application, it remains limited, under unitized, and exceptionally volatile. The reason
for the underutilization is simply because it lacks real use in everyday life. Lack of everyday use
is one the factors that make cryptocurrency very volatile, customers and companies can rarely
use Cryptocurrencies for transactions. Hence, it is difficult for its value to be stable, despite its
advantages.
Introducing Fixy App, a blockchain based application that will facilitate the use of
cryptocurrency in ordinary everyday life. Fixy App is a blockchain solution, from cryptocurrency
enthusiasts to cryptocurrency beginners. The solution is giving users several benefits such as,
monetizing their Cryptocurrencies and being able to get paid in both FIAT and cryptocurrency
when they are selling their goods and services.
CURRENT SITUATION/PROBLEMS
No application of cryptocurrency to daily life
Despite the industrial disruption and technological advances that blockchain provides, one
area that is still largely untapped is usability of Cryptocurrencies in daily life. Both fiat currency
and cryptocurrency can be called money or currency, as they are mediums of exchange that are
used to store and transfer value, both can be used to purchases goods and services, both have
their value governed by supply, demand, work, scarcity, and other economic factors, both have
their value affected by the quality of the system surrounding it, both can be traded on
exchanges. However, Cryptocurrencies are very much limited especially when it involves
purchasing goods and services. As much as cryptocurrency has become a media darling, it is
still not widely or generally accepted. In fact, only a hand full of countries is cryptocurrency
friendly.
Difficulty in getting into the world of cryptocurrency
It is a very tiring task attempting to participate in the world of cryptocurrency, the interest of
newbie investors of cryptocurrency is truly put to the test at the point of first purchase. When
new and inexperienced cryptocurrency enthusiast gets into the real buying context, they realize
that is not so easy to acquire, and some may even lose interest. This is mostly as a result of
wearing registration procedures that investors have to undergo. Registering on exchange platform
in other to be able to liquidate one's cryptocurrency is another challenge as exchanges require
exhausting and time-consuming processes which involve KYC (know your customer) vali
dation which may take days or weeks.
This problem is further escalated because some financial institutions have barred their customers
from acquiring cryptocurrencies with their services. According to a coinbase report, Credit
card holders from four U.S. banks have been barred from buying Cryptocurrencies using credit
cards at Coinbase. This development is not exclusive to the United States alone, as British banking
group, Lloyds has also reportedly blocked card holders from several of its major subsidiaries
– including Halifax, MBNA, and Bank of Scotland – from purchasing Bitcoin on credit.
Centralized exchange
Decentralization Decentralization is at the core of blockchains value proposition; yet, central entities still play a
major role in the process of buying Cryptocurrencies. As a result of centralized nature of
exchanges, challenges facing these platforms have gravely harmed cryptocurrency traders and
investors who use these platforms. Exchanges have struggled to keep up with the breakneck
growth of the cryptocurrency market and enormous volumes so much that some of the
existing centralized exchange platforms have even begun to shut out new members because it
has become nearly impossible to keep up with demand. This makes it extremely difficult for
newbies newbies to acquire cryptocurrency. Cryptocurrency traders and investors have lost so much
money because these centralized exchange platforms have at some point ceased trading,
experienced outage, and crashed during times of very high volumes and demands.
No mass adoption of cryptocurrency
Despite the popularity of cryptocurrency, especially with the attention, the media has granted
it, there is still no mass adoption of the digital currency. This situation is mostly due to the
overly complex buying process it requires to obtain cryptocurrency. It is not as though you can
just walk into a store and purchase cryptocurrency, as nearly 2 billion adults are unbanked and
do not have the necessary bank account to buy cryptocurrencies.
The challenge of transforming cryptocurrency to cash
The last mile issue in cryptocurrency transactions has yet to be solved. How to transform
cryptocurrency into cash in only minutes? Cryptocurrency is a new and modern way to store
value. However, it becomes quite a challenge to transform said value into cash. Although there
are existing platforms that provide this service, it usually takes days for the transactions to be
completed, this can particularly be difficult for individuals who are urgently in need of quick
cash and cannot afford to wait that long.
MARKET OVERVIEW
In 2017 the cryptocurrency market reached an estimated $600 billion, and experts have
forecast that it will reach an inevitable $700 billion. Despite a lot of financial skeptics predicting
that cryptocurrency will fail in 2017, the value of the mother of all Cryptocurrencies, Bitcoin,
increased by an estimated 2000%. The Bitcoin capital market made a huge leap from $10 billion
to $300 billion in a single year. As at January 1st, 2017, the value of a single Bitcoin was $1000,
but Bitcoin reached a tremendous peak of $19,000 in December. There was a similar spike in
the value of other currencies such as Litecoin, ether, and various new Cryptocurrencies in the
market
About $3.7 billion was raised by ICO in 2017 alone, raising the question, what is the future of
venture capital? Despite skeptics and fear regarding the prospect of cryptocurrency in 2018
experts predict that the cryptocurrency market will continue to grow as institutional capital
gets involved. The cryptocurrency market is developing at an astronomical rate with market
capitalization values that are setting and breaking new records. Despite the frequent wobble,
the market manages to command an average of up to $2 billion worth of trade transactions on
a day-to-day basis.
THE FIXY NETWORK SOLUTION
Fixy Network makes it possible for people to use cryptocurrency in their day to day life. The
Network will include a decentralized marketplace and a decentralized Exchange. Getting into
cryptocurrency market has never been an easy process of a new cryptocurrency enthusiast, but
with Fixy Gift Card, which is going to be available in every corner store and going to be sold in
FIAT. The whole Fixy network is designed to facilitate easy entry into the world of
cryptocurrency and also has features that will allow efficient application of cryptocurrency to
daily life.
Key features of the Fixy Network
GIFT CARD
Gift Cards provided by Fixy will give an opportunity to people to get into the
cryptocurrency-world without going through any unnecessary verification process which takes
longer than it should. Purchase of the Gift Card is going to be provided by the Stores which are
verified by Fixy and are going to be easy to find using our Store Locator. Gift Cards will be sold
by FIAT money, which will be possible to deposit on the Fixy App where a user can use this
amount in decentralized Exchange and decentralized Marketplace.
OTC TRADING
The Fixy OTC trading feature is completely decentralized. The OTC trading feature of Fixy will
let users exchange their Cryptocurrencies both in cryptocurrency and FIAT money without any
fees charged by Fixy. To become part of the cryptocurrency world, people need to invest in a
coin with a FIAT value, but the exchange platforms which provide these services have fees
which make these transactions more expensive than they should ordinarily. These fees make it
impossible for the small investor to join the cryptocurrency-world. More so, centralized exchange
platforms usually have limits on the volume of cryptocurrency a user can purchase.
STORE FINDER
The “Store Finder” feature is going to let users
check their surroundings to find a Fixy accepted
store where a user can buy goods using Fixy. Also,
this feature will facilitate cryptocurrency trading, as
users will be able to use it to find their favorite
cryptocurrency and other traders who want to sell
or buy.
PRIVATE AND COMMERCE MARKETPLACE
The major criticism against cryptocurrency by experts and investors is that cryptocurrency
investments are hardly useful for everyday life. The Fixy marketplace changes things as it brings
together and organizes companies on the one hand (companies on the platform are referred
to as partners) and on the other hand, brings together customers (customers are referred to as
users on the platform). The fixy private marketplace is a network for the cryptocurrency world,
in that anyone can attend. Fixy commerce marketplace is a network for the Partner companies
who have paid the entry fee in Fixy Token to become a part of the platform for selling and
making ad making advertisement.
ICO DETAILS
TOKEN SALE DETAIL
more information can see link below:
Website link : https://fixyapp.io/
Facebook Page : https://www.facebook.com/Fixyapp.io/
Twitter Page : https://twitter.com/fixy_app
Telegram : https://t.me/fixynetwork
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