Simplification of crypto products for users will ensure the growth of the industry

The management of the cryptocurrency company Quadrata believes that the complexity of using the functionality of crypto platforms inhibits the development of the cryptocurrency industry.

Quadrata CEO Fabrice Cheng believes that for the global adoption of cryptocurrencies, project developers should focus on the simplicity and convenience of products for users. Cheng explained that registration is the first step for any potential user, so providing an intuitive login is an opportunity for the team of any project to make a first lasting impression.

According to Cheng, adhering to the know-your-customer (KYC) principle, rather than time-consuming protocols, is one way new projects can attract users. The co-founder of Quadrata believes that another step in the popularization of projects is the creation of a reliable network of partners.

According to Cheng, these could be compatible blockchains or DeFi. Cheng believes that there are many projects in the cryptocurrency market with limited interoperability, so users, alas, have to “juggle with many different accounts and applications.”

A platform with an extensive and interoperable network of partners could provide users with countless ways to use a single site, the Quadrata CEO dreams.

Cheng believes that the growth of the crypto industry requires a constant influx of new users. According to the head of Quadrata, the provision of educational content is the first step towards creating a foundation that will allow for a revolution in the economy.

The crypto industry isn’t right for everyone, so it’s crucial to find additional ways to encourage new users to join the digital asset space. According to Cheng, the supply of unsecured loans helps to bridge the wealth gap between the haves and have-nots.

The ultimate goal is for blockchain technology to be embedded in applications to the point where users didn’t even need to know they were on the blockchain. Cheng is confident that when applications become as intuitive and understandable as traditional financial instruments that users download by the millions, we will see an unprecedented increase in the number of users of digital assets.

Crypto projects are trying to provide access to knowledge about digital currencies to attract newcomers to the industry. Crypto exchange FTX US in May announced that it was going to teach the poor in Chicago financial literacy.