Thread: Quppy.com-Buy/Sell/Store (crypto ⇆ fiat), SEPA, IBAN, etc..

We hope that we in the latter category =)

Crypto becomes more eco-friendly🌱
🛢The #crypto industry have long been criticized for irresponsible use of resources and disproportionally huge footprint. Blockcahin transactions (with some exceptions) consume at least 10 times more electricity than conventional banking transactions. Obviously, it is not particularly eco-firendly.
🔋However, the situation has changed recently. A lot of blockchains became much more eco friendly - developers of #Solana, Chia Network and Algorand, for example, work really hard on improving energy efficiency and, therefore, reducing their networks footprint.
🔷But the true revolution was made by #Ethereum that switched from notoriously inefficient Proof-of-Work consensus algorithm to Proof-of-Stake. Just like that the most popular blockchain in the world reduced its energy consumption by 99,9%.
😌We at Quppy are the strong supporters of reducing our footprint by improving efficiency - it is in fact, one of the core ideas behind #Quppy. After all, if one application can make five other redundant - it will always consume less energy and, therefore, do less harm to the world around us.
📢 Learn more: quppy.com

Well, if we tell you that you’re, you’ll relax and stop working hard. So… Nom you don’t work hard enough!

Quppy brings benefits of cash to cashless society��


��It is no secret that our society gradually becomes cashless. The share of card and contactless payments grows year by year and far outshines cash transactions. However, it is necessary to admit that there are some benefits to cash. Such as relative anonymity (you don’t leave a huge trail of paperwork on every transaction).
��Cryptocurrencies also have this benefit - they are not fully anonymous, but are not explicitly tied to the owner’s name.
��With Quppy combining both fiat and crypto, you essentially get both your cards and your cash in your phone - always at hand.
�� Learn more: quppy.com

Are banks falling out with crypto exchanges?


Probably you all know already that Banks stopped processing SWIFT transfers from Binance of less than $100,000 on February, 1st. Frankly, it’s sad news - it is never good to see ordinary crypto users suffering consequences from large businesses’ decisions. But what can we expect in the future? After all, this news is pretty alarming for the entire crypto industry.


First of all, all banks and regulators that Quppy works with are not planning on boycotting crypto or preventing individuals from transferring their assets from crypto to fiat and vice versa. Basically, regulators and banks don’t have any problems with dedicated platforms integrating crypto and fiat systems, as long as they operate legally as Quppy does.


Second, and it is less optimistic, it is very possible that crypto exchanges can have problems with banks processing transactions made by individuals. Let’s be honest - the reputation of the crypto trading industry in the mainstream world is rather controversial, and it is not helped by recent scandals. So direct fiat withdrawals from crypto exchanges can become problematic in the near future.


Thus, we advise you to always have a dedicated crypto-fiat solution like Quppy at hand. Just in case if something goes wrong with fiat transfers from your favorite trading platform.


�� Learn more: quppy.com

Bitzlato scandal - the importance of regulatory compliance


It looks like the crypto market can’t spend a month without a major scandal or controversy related to a major exchange. In January, Bitzlato made the headlines, unfortunately, in a negative way: one of the founders and four other employees were arrested on charges of money laundering. According to law enforcement, about 46% of all transactions on Bitzlato (about $2,1 billion) were related to criminal activity.


While the investigation is ongoing, users’ funds were blocked on the exchange’s wallets. While Bitzlato representative claimed that they will be able to return 50% of users’ funds immediately after relaunch and the rest will be returned later, it is obvious that ordinary users are the main victims in the situation. Regardless of how the investigation will proceed.


The obvious conclusion for all crypto users is that the platform’s regulatory compliance is first and foremost a boon for you. If the platform you use operates in the “grey area” - your funds can be blocked or arrested at any time.


Fully regulated platforms, like Quppy, are simply much safer.


Learn more: quppy.com

Quppy not working hard enough is not the main risk for us, crypto users. The government is.

Deal with the mess of crypto apps with Quppy��
Most active crypto users have at least half a dozen crypto applications in their wallet:
➡️А couple of wallets for storing digital assets
➡️A couple of exchangers for purchasing and selling crypto for fiat
➡️A couple of exchanges for trading
➡️One or two investment platforms
➡️Et cetera, et cetera, et cetera
����Quppy offers a platform that provides access to the functionality of most crypto apps, used on a regular basis, but in one place. Couple it with a plethora of supported assets (both digital and fiat ones), easy to use interface and minimal fees - and you get an application that is able to completely replace most crypto apps in your smartphone.
��What does it mean? It means less clutter, smoother operations, more pleasant user experience and more resources of your device at your disposal. What’s not to like?

What can we expect in 2023?
2022 was a very difficult years for the crypto industry. Basically, we can safely say that we had another cryptowinter this year. However, let’s focus on what we can reasonably expect in 2023.
First of all, it looks like investors in 2023 will be more focused on conserving capital and will prefer established successful crypto companies to risky investments in new startups.
Second, we can be pretty sure that Web3.0 will become the main driver of the entire market growth. And the proliferation of Web 3.0 utility platforms makes easy exchange of digital assets more important than ever.
And finally, we can expect even more heated debates surrounding crypto regulations. In many ways, 2023 will be the defining year for the future crypto regulations and, therefore, for mass adoption.

What is an API in banking?
Banking APIs are a set of protocols that enable secure communication between your bank’s server and client devices. It helps customers communicate with bank staff through the bank’s app, simply with an Internet connection.
As all interaction involves conversations and the transfer of money-related data, banking APIs require strong authentication and secure encryption.
On the back end, these APIs connect developers with payment networks to display payment details making them an essential tool when it comes to BaaS (bank as a service)...
Continue reading https://quppy.medium.com/apis-in-fin...n-a5b105d472e1