One of the reasons behind the lagging use of cryptocurrency is the difficulty in using these currencies. Currencies are limited to certain wallets or networks, and cross-currency transactions can be difficult. Additionally, there is less transparency surrounding currencies like these, and plenty of regulatory pressure. For retailers, accepting and sending coins can be a challenge, particularly if their customer base uses different currencies. COSS is a platform that offers similar conveniences that traditional currencies do while helping buyers and sellers benefit from blockchain technology.
COSS platform plays different roles for users transacting in the digital currency. It can use different currencies and even functions as a currency exchange. So, there is no need to visit an exchange first, to get another type of currency, if a buyer or seller refuses to accept the existing currency you hold. All currencies can be stored in the COSS wallet. COSS can be integrated as a payment gateway for e-commerce sites so that people can offer digital currency for their purchases.
There are many ways to use COSS. Users can download the COSS wallet and store all their currencies on it. They can integrate the COSS payment gateway with their site to accept payments in digital currency. The exchange will enable users to convert one currency to another, including US dollar. To deal with regulatory concerns, COSS stores information on transactions. This does not intrude on the security aspect, thanks to features such as security. For users who hold different types of currency and want to exchange them, COSS is the right place. It also stores all types of currency. For retailers who want to reach a wider customer base, one that uses cryptocurrency, COSS offers more functionality.
In addition to offering exchange and payment gateway, as well as a wallet, COSS is aiming to offer more services for easier cryptocurrency transactions. It is planning to offer services such as crowdfunding though digital currency, remittances sent between different countries and payment cards, all based on digital currency. It is also planning to offer smart contract feature. Currently, for users looking to exchange currency, COSS offers information such as prices of major currencies. It is also offering information about paired trading. With the services currently on offer and those in the pipeline, COSS is likely to change how users handle digital currency. Users who have wished they could gain more services using digital currency, there are plenty of options with COSS.
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