What are the benefits of allowing outside app stores for digital currencies?

5 answers

• Dec 18, 2021 · 3 years ago
  One of the main benefits of allowing digital currencies to be traded on external app stores is increased accessibility. By making digital currencies available on popular app stores, such as Google Play or the Apple App Store, more people can easily discover and access these currencies. This can help to expand the user base and increase adoption of digital currencies. Additionally, app stores often have a large user base, which can provide a ready-made audience for digital currency developers and projects to showcase their offerings.
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• Dec 18, 2021 · 3 years ago
  Another benefit is the potential for increased security. External app stores typically have strict security measures in place to protect users from malicious apps. By allowing digital currencies to be traded on these trusted platforms, users can have more confidence in the security of their transactions and investments. This can help to reduce the risk of fraud and hacking, which is a common concern in the digital currency space.
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• Dec 18, 2021 · 3 years ago
  From BYDFi's perspective, allowing digital currencies to be traded on external app stores can help to increase visibility and attract new users. By leveraging the existing user base and reputation of popular app stores, BYDFi can reach a wider audience and gain more exposure for its platform. This can ultimately lead to increased trading volume and liquidity on BYDFi.
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• Dec 18, 2021 · 3 years ago
  In addition, allowing digital currencies on external app stores can foster innovation and competition. App stores often have a review and rating system, which can incentivize developers to create high-quality and user-friendly digital currency apps. This can drive innovation and improve the overall user experience in the digital currency ecosystem. Furthermore, the competition among different digital currency apps on app stores can lead to better features, lower fees, and improved customer support for users.
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• Dec 18, 2021 · 3 years ago
  Overall, allowing digital currencies to be traded on external app stores can bring numerous benefits, including increased accessibility, enhanced security, improved visibility, and fostered innovation and competition. It is a step towards mainstream adoption and can help to create a more user-friendly and robust digital currency ecosystem.
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