Giant Step for Crypto Payment Infrastructure from Altcoin!

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Phantom Andre Cronje, one of the co-founders of the blockchain, announced in a speech on Twitter that he is currently working on a new crypto payment infrastructure project. Cronje also announced that the closed beta version of the product has been launched. shared.

Phantom founder, crypto enthusiast Michael Egorov’s bank accounts at Revolut, a British bank, on Twitter cryptocurrency announced the update after it complained that it was shut down because it was included in its units.

“They closed my personal and business accounts after they received information from me indicating that the source of funding was crypto,” tweeted Egorov, “they are not the future,” he concluded.

Furthermore, Cronje said that the crypto infrastructure under development cannot be used by US citizens due to regulatory restrictions in the country. When asked about the project’s license and the possibility of not having know-your-customer (KYC) procedures, Cronje said it would be a standard banking license. “We can’t avoid KYC,” he added.

This new development is expected to bring more flexibility to the crypto payments industry. However, it is expected to make it easier for people to transact digital assets without worrying about the slow processes involved in traditional financial systems.

Fantom’s founder did not give much details about the expected launch date of the project. However, his tweet sparked interest in the crypto community, and many crypto enthusiasts sought to be added to the closed Beta.

As Koinfinans.com reports, Fantom is a blockchain platform focused on high-speed transactions designed to enable decentralized applications (dApps) and digital assets to operate efficiently and securely. Service token FTM is among the most important cryptos with over $1.2 billion market share.


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