The new gateway for Vertcoin

Since the beginning of Bitcoin there has been a demand for easier and quicker ways to purchase the digital asset. It has been a demand that has not been easily met. There is currently several ways to enter the cryptocurrency market — but most of them will only allow for direct BTC, LTC or ETH transactions. Coinbase, being the out stander, currently offers direct purchase of BTC, BCH, LTC and ETH.

Most of these coins have proven to be controversial and some like BTC have triggered slower transaction times than usual.

There are not many gateways into the cryptocurrency market and Coinbase has proven to be problematic in many ways. For one, it has hindered the trading abilities of many by lowering credit limits — which the public is still not sure whether these are based upon account inactivity or other factors.

The cryptocurrency market runs 24/7 and there needs to be more accessible ways for the average trader to enter the market.

Vertbase has sparked new hopes in many cryptocurrency enthusiasts, but it has also raised many questions. Will it create a new market based on VTC currency? How will it base its credit limits — or will it have none? And most importantly, will we be able to use credit cards to make purchases on Vertbase?

Credit limits have been problematic with Coinbase because they have been set weekly instead of daily. Realistically, a trader should be able to buy as much cryptocurrency as their hearts desire. There is no one at Casinos to keep a limit on spending or at any retail store at any given time.

As for credit cards, there has been several major banks that have banned crypto purchases due to their “volatile nature”. This could be understood since it might be creating bigger debt for the average person that might not be spending responsibly within their means. Consumers need to quickly grasp that crypto is not a magical way to become rich — it is a new asset class that is volatile but not powered by flying unicorns with rockets. Hopefully, Vertbase will be including purchases via credit cards since not all have banned it and will prove to be more beneficial since it is instantaneous.

Keeping true to its vision, Vertcoin is creating a gateway for consumers to be able to purchase it directly with USD (and possibly other fiat currencies) through Vertbase. Being a coin that is resistant to ASIC miners and without having dropped an ICO it is thriving to be the ultimate peoples coin. It has been designed to resist centralization and gives power to all instead of a selected few — in terms of mining.

There are many reasons to be excited for Vertcoin, and Vertbase should definitely bring much excitement to consumers. Why? > It will be the first coin other than BTC, BCH, ETH and LTC to have launched a gateway into the cryptocurrency world without having to first purchase any of the coins just mentioned. Most importantly, all of these coins function through third parties or crypto banks such as Coinbase.

Vertcoin will be the first to launch its own gateway specifically designed by and for itself. Without leaving out the fact that Vertcoin has a much lower transaction time than any of these other coins. It could well be a competitor for Coinbase once consumers realize the potential of this coin. These third party gateways into the cryptocurrency market have proven to be monopolized in some way or another. Many have failed or have not taken off as they should’ve thanks to their main competitor which has sucked up all the volume.

When people first hear about Bitcoin they will next want to hear about how to purchase BTC and they will most surely be directed to Coinbase through one way or another. Coinbase has placed itself as almost the only option there is for entering the market when the vision for cryptocurrencies was to be decentralized. As a believer of decentralization, at some point one has to come to realization that sites like Coinbase are preventing decentralization and have been given too much power. That is why Vertbase needs to be seen as the one that stood up against the centralization and power we have given to Coinbase.

Lastly, in the near future, one hopes to see more initiative from other cryptocurrencies/projects to create more gateways into the crypto market. The fewer gateways the more power we will have given to such, and ultimately we will end up with less control over our assets.