In order for a coin to be worth something beyond its speculative price, it needs to be useful.

As mentioned in the four holy grails of cryptocurrencies article, two of the most important problems in crypto are scalability and accessibility.

Raiblock’s motto is “do one thing, and do it well,” and that goal is to be the most scalable cryptocurrency. Some improvements are still be needed to reach Visa levels, but Raiblocks is on track to achieve this in the not too distant future.

Accessibility

Raiblocks is currently painfully inaccessible. From its availability on exchanges to wallet software, it’s incredible that Raiblocks has managed to become such a valuable coin.

Today’s main exchanges BitGrail and Mercatox are constantly running into issues. They range from severe price bugs to deposit/withdrawal maintenance, and everything in between. Fortunately this is a temporary problem since many other exchanges have committed to listing Raiblocks. And at its current position on CoinMarketCap, it’ll be very difficult for mainstream exchanges to ignore.

The desktop wallet needs some serious work. As seen in the screenshot below, it looks like we’ve gone back to 1999. It’s not intuitive and needs a serious UI redesign. Synchronizing the wallet can take over a week (although there are documented ways to speed this up with a direct download of the database.)

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Accessibility means more than just getting a hold of the coin. It also encompasses how easily XRB can be used to buy things. Bitcoin and Litecoin are two of the biggest coins despite having inferior technology compared to other projects, and a big reason is that they’re actually being used to make payments in the real world.

There are currently next to no merchants accepting Raiblocks as payment. It can be forgiven for now since Raiblocks has just recently garnered attention. But with the market cap trajectory it’s on, this needs to change. Fast. Raiblocks needs to integrate with existing payment processors, and needs to market itself to businesses as a superior payment method.