This is not to say that there are no cryptocurrency payment solutions that people can use. While these options exist, they do not suit everyday use, particularly for transferring small amounts of money. The spike in SoftNote users is a sign of why this is the best cryptocurrency payment gateway.
Before explaining in detail why more people are signing up for SoftNote, let’s examine the current issues with existing Bitcoin payment gateways.
Challenges Facing Existing Cryptocurrency Payment Gateways
While there are several cryptocurrency payment solutions available to users, most of them have one or more of the following disadvantages:
- Slow: Several traditional blockchain payment methods are usually very slow, making them impractical for everyday use. A good example is the native BTC network, which processes only 7 transactions per second. Meanwhile, MasterCard and Visa process 5,000 and 24,000 transactions, respectively. Looking at the numbers, it is hard to convince people to switch to using Bitcoin as a payment method.
- Expensive: As if being slow was not enough, many “Bitcoin payment scaling methods” are still pricey. To avoid misunderstanding, these alternative payment gateways are cheaper than the native BTC network, especially for bulk or complex transactions. However, these alternative solutions do not offer “cheaper fees” when making regular or smaller-value transactions.
- Centralized and Controlled: There are cheap and fast crypto solutions available to users. However, they often require people to relinquish some level (if not all) of control over their assets. Centralized exchanges and crypto off-ramps are good examples. The architecture is built on a platform controlled by the service provider, putting users at the company’s mercy. For example, a crypto off-ramp in Nigeria named “Patricia” stopped users from withdrawing their assets due to an alleged data breach.
Why SoftNote is the Best Crypto Solution for All Types of Transactions
Tectum examined the existing options before crafting the best crypto solution—SoftNote. Moreover, our product solves all existing problems without sacrificing Bitcoin’s original value.
Here is why SoftNote is the best crypto solution:
- Cheap: SoftNote is the best crypto solution because it is arguably the cheapest for all types of transactions. Users pay no more than $1 in fees, regardless of how much cryptocurrency they are sending. Whether you are sending 0.0001 BTC or 10,000 BTC, you will not pay more than $1 in transaction fees. This is not a flat fee; people sending small amounts of blockchain tokens only pay a few cents.
- Instant: Despite offering cheap fees, SoftNote does not delay transactions in any way. Our crypto payment gateway offers “instant” transactions (emphasis on instant). Our technology is built on Tectum, the fastest blockchain in the world, which can process over 3.5 million transactions every second. In addition, our decentralized network processes one transaction per block, unlike the Bitcoin network, which compiles 3,500 transactions into a block before adding them to the chain.
- Decentralized and User-Autonomous: Finally, users always maintain complete ownership of their tokens in a SoftNote Bill. SoftNote Bill is not an NFT or “representative” asset of your Bitcoin, Ethereum, Tether USD, or Ripple Coin. This ensures that all your funds are safe, even if Tectum is hit by a 7.0 earthquake or a level 5 hurricane.
That said, who would you rather trust? Slow, expensive, and controlled alternatives, or cheap and instant SoftNote Bills, which put you in control?
