Review on Bitcoinus by Pedro O. Alvino M.
Crypto payment processor for merchants.
Bitcoinus is a project developed in order to provide a cryptographic payment system for merchants and normal users, so that merchants can receive cryptographic payments through the platform and at the same time be able to exchange cryptocurrencies with very low transactions.
The services added by the project are based on the merchants being able to receive cryptographic payments and the ability to withdraw it in the merchant's local currency, where there will be a design in which each merchant and participant in the ecosystem will have a reputation level. that has subsequently been verified through KYC documentation, in order to avoid fraudulent actions.
Today there is a large number of projects that are based as facilitators of cryptographic payment processors linked to fiat currency, therefore the project has very little potential development given the basic services it offers and the great competition that exists in the market current, also the volatility of the project token can discourage many traders in the market.
Pros
- It has an easily accessible and modern payment system.
- Supports several highly liquid crypto assets on the market.
- It has a reputation system that reduces fraudulent transactions.
- Includes a crypto exchange and automatic withdrawals in fiat currency.
Cons
- It has very little community to support the project.
- The volatility of the project's native token can seriously affect the payment systems on the platform.
- The project is not the only platform designed as a cryptographic payment processor.
