pic : https://pixabay.com/photos/leather-wallet-business-cards-visa-3080553/
A survey by fio foundation resulted that 75 % cryptocurrency transaction was stressful and complicated.In total, FIO collected 231 responses, of which 217 actively held some amount of crypto throughout 2018. 55 % respondents said that they trouble in sending transaction, 18 % lost funds and 6 % got attacked.

Source :https://cointelegraph.com/news/crypto-transactions-must-be-easier-that-s-it-that-s-the-headline

WHAT MASS EXPECT FROM CRYPTO

Let's think about common people with no cryptocurrency experience when the first time to use crypto wallet or make transaction. What most people need from cryptocurrency.

• Easy and simple apps

Experience using digital wallet should be easy. Downloading gui wallet in PC is complicated. Synchronizing wallet to the network is not interesting at all for busy users. It takes time. It is just simple as this " Login, and see balance and send" .

• Security

Many stories of locking and loosing fund in cryptocurrency. Such experience will make cryptocurrency like a nightmare for common people. How a person lost hundreds, thousands and millions asset from his wallet. That is very stupid experience. Like using paypal, loosing money from hacking or locking fund is reclaimable. That is what most people want from saving money in digital wallet.

• Fast transaction

Bank services in digital wallet offer fast transaction. Though they are decentralized but to send money or make transaction no needs nodes to verify the transaction. I had experience sending ETH and failed many times. That was stressful. Fast transaction will be seen in the recipient wallet to purchase products.

• User friendly front end

Using crypto wallet will be confusing and stressful at first. When I first use blockchain.info wallet, I should confirm login with my email address then open the wallet. That is not simple work. Friendly and easy interface is very important from cryptocurrency wallet. 2fa authentication is boring thing that users feel in using crypto wallet.

• Long Paraphrase and pasword

That is very complicated to use long paraphrase and pasword. Pasword with 32 random numbers and letters is very complicated and stressful.

CRYPTOCURRENCY MASS ADOPTION

From the survey , crypto developers still need to work hard to make infrastructures that make cryptocurrency transaction as easy as possible with high level of security. Lost fund is scaring for all cryptocurrency holders. One who has experience of loosing fund from wallet may not be back to cryptocurrency world. Loosing fund in crypto can not be reclaimed. That is the big problem. It is different from using paypal or other bank wallet services. One who lost the fund can reclaim the fund from the thieves if the he has the proof of misuse of the wallet. Cryptocurrency wallet is decentralized wallet. One has full control over the wallet private key, fund and transaction. " Not your key, not your money" . That is a simple phrase but it is complicated for general people.

There are more reasons why more people still do not want to use cryptocurrency. Those are only five reasons that most people feel when using crypto wallet. Those may be subjective but using easy and friendly with high level of security make more people feel comfortable with crypto money.

WHAT ULTIMATE CRYPTOCURRENCY WALLET SHOULD HAVE?

Besides all those points above, there are some requirements of ultimate cryptocurrency wallet should have.

1. Support mobile device
   The use of mobile device grows amazingly. Now more people have their own money on their mobile. Lokal banks also provide with mobile banking services. Cryptocurrency wallet should support with mobile wallet.
2. Multiple coins
   One wallet with one key support multiple liquid coins. Users can send their earning or payment via one wallet.
3. Users have PV key
   Users should have their own key though the wallet has multiple coins.
4. Integrate with swap exchange
   Integrating with swap exchange makes users can choose liquid coin when they want to send money based on coins needed.
5. Accept fiat deposit and withdrawal
   Integration with banks wallet providers to serve exchange with fiat currency. The wallet developers can integrate with mobile banking service providers to make users feel experience fast withdrawal to their bank accounts.

Refference : https://hackernoon.com/what-are-the-requirements-for-a-modern-crypto-wallet-fwt130jw
Cryptomoney is on the hand. Sending cryptomoney is as easy as sending fiat money with the high level of security. Secured and convenient using cryptowallet is the experience that most people need.

Posted Using LeoFinance ^Beta