This app offers hassle-free crypto transactions by integrating major exchanges and eliminating the need for long wallet addresses. [CT Accelerator]
While cryptocurrencies offer evident benefits like decentralization, borderless transactions at a low cost and unparalleled security, they still have to catch up with traditional payment systems in terms of user experience in order to enjoy the same adoption rate.
Another problem is that some digital assets, such as stablecoins, are hosted by multiple chains. For example,resides on several blockchain networks, including Ethereum, BNB Smart Chain and Tron, among others. Sending such tokens to the wrong chain by mistake can also lead to the loss of funds. CXID’s goal is to build infrastructure that enables safe and seamless transactions between CEXs to improve the crypto and Web3 experience. This can catalyze crypto adoption, considering that major CEXs account for most crypto transaction volumes and are the first point of contact for most newbies.With CXID, users can easily receive payments, fund and withdraw from external exchanges and Defi wallets without having to deal with complex wallet addresses, and all through a user-friendly interface.
To enable direct withdrawals to other third-party exchanges, the exchange simply needs to enable ENS integration for withdrawals. Simply put, CXID integrates with ENS to convert exchange usernames to valid ENS names, providing this functionality to exchanges at a reduced cost.
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