Democratising crypto-payments

2 min readAug 24, 2022

One of the core tenets of Bitcoin was to create a “peer-to-peer electronic cash systems”. While Bitcoin has succeeded in creating value for a virtual currency not controlled by central governments, day-to-day payment using BTC are still far from easy for the average user. Although many people has heard about cryptocurrencies and Bitcoin, and a significant number of people has even invested in BTC, trade for goods and services is still relatively low.

The full power for cryptocurrencies will be released when the average user, will not be too concerned about the inner workings of the blockchain, or the time to settle transactions or even the security of the system. The full power of cryptocurrencies is still a long way to go. Most investments and transactions in crypto around the world are done by a small number of traders and enthusiasts, while the average user is still not involved.

Photo by Kanchanara on Unsplash

At YmplePay, along with many other players, we want to change this. Like many companies before us, we are trying to revolutionise payments and make it accessible for the average company, not only for big institutions.

American Express changed forever the use of credit card through a worldwide network when the ideas was thought impossible in the 1950’s. Fast-forward PayPal did the same with accepting electronic payments when it was deemed to be insecure in the early 2000’s. We are right now in the early stages of a
“crypto revolution” where many users can take a part.

In a world where many blockchain-based projects come and go it is important to keep track of projects that have a broader appeal, usability and long-term sustainability. Our project is not a get-rich-quick scheme neither a meme coin, rather a technology to facilitate existing transactions.

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