Towards Mainstream Cryptocurrency Adoption – The Qenetex Approach

Photo Credit

A lot has been said about the low rate of adopting cryptocurrencies offline. Several efforts have also been made by different cryptocurrency projects to curtail these and make the crypto ecosystem as attractive as it should be.
However, more efforts need to be in place to bolster the adoption of cryptocurrencies – from within the cryptocurrency ecosystem. This is the reason why the Qenetex team came up with a wide range of solutions to bolster crypto adoption.
In this article, you will find out what these solutions are and why they are relevant to the mainstream adoption of cryptocurrencies.

Exchange Search Engine (ESE)

The Exchange Search Engine (ESE) is a dedicated Search Engine for the cryptocurrency market. Unlike Google and Yahoo, it is primarily used in the cryptocurrency market.
Through this ESE, the users can be able to:

● Monitor changes and or fluctuations in the prices of cryptocurrencies across different trading platforms. This is very important, considering that some cryptocurrency exchanges manipulate the prices of some crypto assets (coins and tokens) thereby, leading to inordinate jumps in the prices of these assets.
● Use the dedicated Qenetex Wallet to trade and store different kinds of crypto assets (including custom tokens).
● Optimal trading solutions, as the ESE sees to the searching and selection of the best routes to facilitate crypto-related trades.

Photo source

Integrated NFT Marketplace

The Qenetex platform also sees the integration of popular Non-Fungible Token (NFT) marketplaces. Through this route, cryptocurrency traders and indeed, NFT enthusiasts would be able to get access to a unified marketplace where they can trade NFTs.
Rarible and OpenSea have been shortlisted and more will be added in the future. In addition, Qenetex is going to see to the provision of a unified NFT interface within its platform where its users can view their NFT-related collections.

Non-Fungible Tokens (NFTs) can also be created, thanks to the support of several NFT token standards on Qenetex.

Crypto-to-Fiat Aggregator

Exchanging or trading cryptocurrencies for fiat currencies is now possible, thanks to the innovative mechanism being developed by Qenetex.
With this aggregator, Qenetex’s users would be able to buy and sell different kinds of cryptocurrencies for fiat money.

photo credit

The aggregator also comes with a Cashback Program, which allows the users to earn rewards payable in Qenetex token (QEX) for transactions made on the platform.

Integrated Banking Solutions

It’s been a long time coming since the relationship between cryptocurrencies and traditional banking systems have been sought. Although they are of two different financial ecosystems, a relationship between the two could go a long way to fast-track flexible crypto-to-fiat transactions.

To this end, Qenetex has offered to add an integrated banking solution that allows its users to have access to a white-label and reliable cryptocurrency banking functionality.

Among many other functions, the Qenetex integrated crypto banking solution will:

● To be able to deposit fiat funds/currencies for use in the broader Qenetex ecosystem.
● Swift conversions of fiat currencies into the equivalent amount in cryptocurrencies.

Qenetex for Outside Customers

Unlike some other cryptocurrency projects that focus only on its team; Qenetex extends a hand of fellowship to others outside its ecosystem. This is enshrined in the External Integrations that serves as the gateway for the external users to use the services.
These external integrations are going to be exclusive to decentralized services and third-party applications. The target market that is not yet using the plethora of solutions and services from Qenetex can take advantage of these services to get an idea of what the project has to offer.
To ensure the effective deployment of these solutions via the External Integrations, Qenetex is going to avail the third-party users with a wide range of options, including:

● Code samples
● APIs
● SDKs
● Widgets
● Documentation

Flexible DeFi Access

Qenetex also avail users access to a wide range of Decentralized Finance (DeFi) instruments. The idea is to simplify the process of taking advantage of the DeFi solutions.
First, Qenetex’s users would be able to use the Qenetex Exchange Service Engine (ESE) to gain access to a wide range of DeFi-related services and platforms. Thus, the Qenetex platform can be used to gain access to DeFi instruments irrespective of the platform they are hosted. This includes the easy exchange of crypto tokens from several blockchain networks.

Also added to the list of features for the Qenetex-powered DeFi services is the Cashback Program. Here, the Qenetex platform receives dual rewards both from the standard rewards from its services and from the Qenetex token (QEX) cashback from the liquidity pool.

Final Thoughts

Mainstream cryptocurrency adoption may not be possible for now, but through conscious efforts and further creation of use cases, its implementation would be shorter than expected. The integration of traditional banking solutions into the Qenetex ecosystem can help shore up these mainstream adoption moves, as Qenetex’s users can now interact with both cryptocurrencies and fiat currencies from a single interface.
Qenetex project is enjoying a wide range of support from various projects ranging from fiat to exchange partners, it's an indication that the team is experienced and has solid knowledge of the cryptocurrency ecosystem.

For more insights into this project, please, check the following links below;

Website
Whitepaper
Twitter
Telegram
Facebook
Instagram
YouTube
Reddit
LinedIn
Medium

Author's details:
Forum username: mayukus4life
Bitcointalk profile link
Qenetex wallet address: 0xA0F28e8380E1382421288390e227d19E3B54781A