Despite the widespread acceptance and enthusiasm for blockchain and cryptocurrency, there remain three significant barriers preventing widespread adoption.
Because the technology is new, it is not easily integrated into applications and existing systems by non-expert developers due to a lack of documentation, infrastructure, and development tools.
Second, although cryptocurrency-based transactions are gaining popularity, transaction latency restricts users’ ability to perform real-time transactions like they are currently accustomed to.
Finally, there are 6.5 million applications being used by over 4 billion people worldwide, yet most of these applications still lack the capability to interconnect commercially and provide holistic and seamless experiences for their users. This creates unnecessary friction and restricts their ability to maintain access to various external personal accounts (e.g. cryptocurrency wallets) for payments.
The KryptoPal platform consists of a Software Development Kit (SDK), an extensible Application Programming Interface (API), the KryptoX token (KPX), and secure Smart Contracts and payment channels.