The cryptographic community continues to explore ways to eliminate the difference between traditional finance and legal currency according to the special tools of the decentralized financial system (Defi). The password entry service platform is the main way for customers to travel between the two financial ecosystem software.
But a new result from Cointelegraph Research and Onramper, a provider of financial services based on passwords, shows that 50 per cent of legal password transactions are unsuccessful, even after learning that customers are trading.
In addition, because of the difficulty of the transaction process, the transaction scrapping rate in the purchase process can be as high as 90%.
The study examined nine of the largest legal password entries, including Coinify, MoonPay, Transak and Wyre.
According to the data, although one of the key factors includes the customer site, the performance of various on-ramps varies greatly. Europe has the highest success rate, while Africa and South America have the least success rate.
The external factors that jeopardize password entry transactions include the method of payment, the legal currency used to convert it into a password, and available transaction pairs. Bank transfer, as a method of payment, has been proved to be excellent in terms of transaction success rate, and achieved close to 100% success in these two cases.
In addition, transaction quality is a major indicator of success. Relatively small transactions with a use value of $0 to $26 have an authorization rate of 66%, while transactions with an use value of more than $5000 generally have an authorization rate of 19%.
Scientific research has concluded that the potential solution to the transaction authorization problem may be for OTP service providers to provide as wide an aggregation entrance as possible in a separate interface. The other is dynamic routing transactions, which provide consumers with the best choice for their situation.
Recently, at the Davos Forum, Paolo Ardoino, Tether's technical director, called the site's stablecoin tether (USDT) the portal to BTC (BTC).
The HKMA has also described its upcoming retail central bank digital currency as a potential entry into the Defi industry.
Disclaimer agreement: the exploration in this article is collated by Cointelegraph and Onramper.
Polkadot was launched in May 2020. In a market dominated by Bitcoin and Ethereum, it quickly established itself as the next generation blockchain. The scale and interoperability problems limit Bitcoin's ability to transfer value without the assistance of
For some newcomers to the currency circle, they are not familiar with the investment in the currency circle, and their understanding of the special currency is not very deep. Therefore, they may be at a loss in the choice of investment methods. Many inves
Lummis is a well-known crypto advocate on Capitol Hill with over $100,000 in crypto.
Several analysts argue that shrimp accumulation is good for the Bitcoin network because it makes the asset more decentralized over time.
ARK Invest filed for a spot Bitcoin ETF in collaboration with 21Shares long before BlackRock did, and its application is reportedly first in line for the SEC’s approval.
Interestingly, the price surge was on the back of increased activity from whales, as indicated by on-chain data. The increased activity led to an increased"/>
Recent market dynamics have seen Solana struggling to break above the $200 mark. A notable bearish factor among these market fundamentals is the recent"/>
DOGE, the internet's favorite memecoin, is back in the spotlight. Recent data reveals a surge in futures market activity, coupled with bullish technical"/>
TVaRgeh5tJxcofpvP91aGmvrW4h4fKpVZi
Co-founder of Tornado Cash Roman Storm has filed a motion to dismiss the charges levied against him by the US Department of Justice (DOJ)."/>
On Thursday, March 28, a hack occurred on Prisma Finance, a decentralized lending protocol on the Ethereum network. The exploiter carted away about 3,257.7"/>
Once fully licensed in Dubai, Bybit plans to run a full-scope exchange, offering crypto lending, payments, investment and other services.
Tue, 18 Apr 2023