Are We Witnessing a Shift Towards User Friendly Crypto Transactions?
Bitcoin and its many derivatives have been around for a long time now, and they’ve attracted a vast amount of interest from investors. However, they are still far from mainstream forms of currency. In fact, you could be a Bitcoin millionaire, but you’ll struggle to actually pay for anything with it in your day-to-day life in the real world.
For Bitcoin to enter the mainstream, it needs to be a lot more user friendly than it is now. People should be able to seamlessly make transfers, just as they would with their credit cards and other digital payment systems. Luckily, it looks as though this shift is already happening, with many websites now allowing crypto users to connect their wallets and transfer funds easily.
Wallet Connection Function is What We’ve Been Waiting For
To those in the know, it’s obvious why the world needs to shift towards Bitcoin. There are countless reasons why Bitcoin is superior to fiat currency in almost every way, but if you’re a regular reader on this site, you already know that. The main problem is getting the normal, everyday user on board. They don’t care about how the blockchain works and the advanced security of Bitcoin – they just want to be able to perform transactions easily.
This is where the option to connect your wallet to a site is a gamechanger. Anyone who’s been around the DeFi space for a few years will know about connecting a wallet to decentralized apps like Uniswap and Pancake Swap when performing exchanges. But now, that function is starting to appear in mainstream industries outside of the crypto realm.
The online casino industry is often a pioneer of future technology, and it could help Bitcoin enter mainstream use. PeerGame is one of the first sites to make crypto transactions seamless by allowing users to connect their wallet to the site and instantly deposit funds by signing transactions.
Casinos have accepted crypto payments for a while, but the emergence of wallet connections is brand new. It means that there’s no longer any need to manually input wallet addresses. All you need to start playing the games safely is a hot wallet like MetaMask or Phantom, and if you decide to stop playing at the site you can simply revoke permission. There are a few other sites that have integrated Bitcoin payments in the last few years as well. These include the likes of Shopify and Travala.com.
How Else is Crypto Becoming More User Friendly?
There have been a few other updates in the crypto world over the last few years that have put it on the path to mainstream adoption. The introduction of the Lightning Network has been a gamechanger, as it allows for instant, low-cost transactions. According to a piece in LightSpark, the Layer 2 software moves BTC to micropayment channels to perform transactions away from the main blockchain.
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Another user friendly solution that could creep in over the next few years is the use of QR codes for crypto payments in physical locations. The online option to connect a wallet has improved convenience, and this could serve the same function in the real world. This will work in conjunction with NFC technology, allowing anyone with a device to perform instant transactions.
Bitcoin has spent a long time being a novel idea to many, but not something that they would be comfortable using themselves. Now, mainstream adoption is closer than ever before, thanks to various nifty upgrades to technology in the industry. The option to connect your wallet to a website is a groundbreaking development, and this option could soon become ubiquitous.
