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It is widely known that a major obstacle to the mass adoption of cryptocurrency and blockchain is that these technologies are difficult to use for people, especially those who are not technically advanced. In addition, news about hacking crypto exchanges and wallets make people convinced that cryptocurrency is a high-risk case. Often, when choosing which coin/token to invest in, potential investors do not find behind digital asset neither a valuable background nor the proper infrastructure.
Although the market has found solutions to partially cope with these problems – such as stableсoins as well as software and hardware security solutions – few can offer a fully thought-out ecosystem suitable for using and safekeeping digital assets. In this context, it is worth paying attention to a number of elegant solutions around KaratGold Coin (KBC), that allow you to securely store and use the coin as a means of payment.
But first things first. What is KBC? It’s a token freely convertible into physical gold that is actually mined and securely stored. Apart from just HODLing, this coin is suitable for paying for goods and services in online-stores, since a specially developed software allows it to happen. By installing a piece of code that is compliant with Woocommerce, Magento and PrestaShop, online vendors become able to receive KBC, Bitcoin or Ether in one click.
The most impressive thing though is a blockchain-enabled smartphone, which has already been tested and is being prepared for the first shipments in September 2019. It is designed to compete with the well-known devices by Samsung,