It is more than evident that any economic system, however consolidated, will always undergo changes over the years, mainly because there are always certain situations that can make economies turn 180 degrees quickly. Cryptocurrencies are presented as a great alternative to the traditional system.
According to Coinmarketcap, there are currently around 2938 Cryptocurrency projects, which not all of them will continue with a good footing in the cryptocurrency market that every day adapts to the needs of all the users that are part of it.
For its part, cryptocurrencies coexist that would give great importance to society in terms of usability to trade with money, especially for those countries that have large masses of unbanked inhabitants. Pundi x and Smart cash They present users with innovative projects to take a fundamental step towards the global adoption of cryptocurrencies and go through new horizons to eliminate the dependence of a physical entity as an intermediary to save our money, but they have not yet presented large changes in this new socio - economic model that is in full development. So what are you doing?
Let's analyze these projects a bit and we will see that they could improve other future projects in the future:
Smart cash
SmartCash was a cryptocurrency launched in July 2017; This is mainly focused on facilitating transactions in world trade. In terms of value, it surprised many in 2018 because despite its short time in the market by then it managed to outperform other currencies that had been in the market for two or three years with a maximum value of $ 1.95.
He is currently in position 519 of coinmarketcap with an approximate value of $ 0.002584
It offers the possibility of carrying out easy, simple and fast transactions and also allows us to create our own paper card and be the only ones that control our funds or delete the account, within a blockchain network that is decentralized and can be used by anyone with a few simple steps. Its strong point is that even if you lost your smart cash card, you could well cancel the loss and get another one from the comfort of your location without so much paperwork.
Pundi x
Pundi X could become a key piece for the success of the entire blockchain ecosystem. The interesting thing about this project is that it can become the perfect bridge for the rest of the cryptocurrencies to reach billions of people who would otherwise take much longer to find them. Its highest value was marked in 2018 for $ 0.0141732.
It is currently in position number 70 of the cryptocurrency rankig with a value of $ 0.000237.
This project has a great purpose on the shoulders, which is to give access to financial services to unbanked populations. Like its Smart Cash counterpart, it also focuses on facilitating world trade. This project could be applied to many areas of the world, since there is certainly a great market for it.
Pundi X will offer users a simplified wallet and a plastic card that are tools that give strength to this project, because for many crypts it is the weakness of not having these characteristics, the long and expensive learning curve of the average user is what puts more barriers for the entry of new people to the world of cryptocurrencies, with Pundi X this curve becomes much smaller and more bearable. A strong point of this system is that it allows transactions with cryptocurrencies other than Pundi x.
As we have seen both projects are focused on an almost essential need for the current population, so what happens in the world that these projects are not given an opportunity?
Smart cash had its great price depreciation due to various factors mainly due to misinformation of users about the project and its usability, in addition to its great part of the decade it was discarded because it did not have a system that dampened the volatility of the Cryptocurrencies at that time, that is, if any merchant decided to accept smart as a payment method, they would have to face the ups and downs of the mass speculative market that were around years ago, so the project was forgotten despite having high expectations for the future.
Pundi x is a more recent project, which despite having practically 1 year and a half has not yet reached its maximum potential, of course its developers do not rule out the possibility of a not too distant future being part of the best cryptocurrencies in the ranking , so far they are very active in the project, updating their payment system more and more, in order to reach even more every corner of the world.
What have these blockchain projects failed?
At first glance, they have worked hard to try to get the population to adopt their project for their day-to-day use, but nevertheless there are many users who use cryptocurrencies to maintain their own capital and thus avoid possible setbacks that may arise. within the global economic system, which indicates an important factor when developing a better system that dampens the volatility of cryptocurrencies.
A good global payment system for all would be one that implemented a stablecoin that was not affected by the market, in this case the Smart cash cryptocurrency failed because it was very affected by the bear market that rounded 2018, on the other hand Pundi X is looking for the necessary options to solve this problem, doing this would attract more attention from investors. Well, they could use them as a payment and storage method without any problem.
