NeuCoin is as a Bitcoin Alternative for Smaller Payments Online
Alyson Wyers — February 3, 2015 — Business
References: neucoin.org & techcrunch
If you are curious about cryptocurrency and would be interested in a bitcoin alternative, you should check out NeuCoin immediately. From a Parisian startup, the new currency is intended for small transactions, like tipping content creators or making micropayments online.
As a bitcoin alternative, NeuCoin addresses the issues some have with the bitcoin wallet and its complexity. This new cryptocurrency also kills banking fees and could be used to replace a credit card online, but for microtransactions where using a credit card could be too much.
NeuCoin has what TechCrunch calls a proof-of-stake design and economic model, which means to get more coins you don't already have to hold coins or have more computing capabilities. If its wallet is an easier user experience, it could definitely provide competition to bitcoin.
As a bitcoin alternative, NeuCoin addresses the issues some have with the bitcoin wallet and its complexity. This new cryptocurrency also kills banking fees and could be used to replace a credit card online, but for microtransactions where using a credit card could be too much.
NeuCoin has what TechCrunch calls a proof-of-stake design and economic model, which means to get more coins you don't already have to hold coins or have more computing capabilities. If its wallet is an easier user experience, it could definitely provide competition to bitcoin.
Trend Themes
1. Cryptocurrency Alternatives - Exploring alternative cryptocurrencies, such as NeuCoin, for smaller transactions and micropayments online.
2. Simplified User Experience - Creating user-friendly cryptocurrency wallets to address the complexity of existing options.
3. Eliminating Banking Fees - Developing cryptocurrencies that offer lower fees than traditional banking for online transactions.
Industry Implications
1. Fintech - Creating innovative solutions in the financial technology sector to improve online payment systems.
2. Content Creation - Utilizing cryptocurrencies to enable easier tipping and micropayments for content creators.
3. E-commerce - Adopting alternative cryptocurrencies for online transactions to provide a more seamless purchasing experience for consumers.
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