People will adopt the system when they have bank-like features, without having to access banks. This can be achieved with a crypto-to-fiat model. This is an efficient way to add more users and simplifies crypto transactions.

C2F models are only effective when there is enough liquidity for different crypto assets. Users must be able convert crypto assets instantly to enjoy seamless use of the platform.

It is also important to understand the abstract nature crypto. People are accepting the notional value and proven scarcity of crypto assets, but when it comes to use-cases, they are confused and don’t want to engage with any new trust models, and this needs to change. C2F model will provide a simplified onboarding process that provides a single solution for all crypto users.

Businesses with international users have the option to use crypto-to fiat transactions or withdrawals. It makes them more convenient for their customers. C2F models are more user-friendly than ever for all service providers worldwide, as cross-border fees no longer pose a problem.

A crypto-to-fiat project is the most appropriate, but it is difficult to identify projects that address multiple aspects of user acceptance. Many of the projects fail to solve one problem, like wallet security and liquidity.

Coinovy offers a multi-service crypto-to fiat platform that is flexible and provides many options.

Crypto-To-Fiat: One of Coinovy’s Best Features

Coinovy developed the C2F platform for crypto to make it easier and more secure. The best feature on the platform is Crypto Shop — a crypto-to-fiat solution that offers users liquidation in less than 60 seconds. It does this without any assistance from OTC, P2P, or crypto exchanges.

A built-in exchange is available on the platform. It features more than 100 trading pairs, global liquidity support and international liquidity support. To transfer tokens or convert them to any currency, users can use the Coinovy wallets. It supports over 19 currencies.

Cross-border transactions can be processed with IBAN standards. Coinovy and IBAN collaborated to make Coinovy wallets accessible for global users.

Some banks in some countries won’t allow clients to use their debit and credit cards for crypto transactions. That’s where Coinovy makes a big difference. Coinovy enables people in over 150 countries to use traditional and crypto-based finance through a C2F model.

In terms of security of crypto-to-fiat transactions, Coinovy partnered with BitGo, a leader in institutional digital asset custody, to provide complete security of user’s funds by using multi-signature security and asset insurance of $100 million.

Our ultimate goal is to use crypto assets to buy real-world goods. Coinovy’s partnership with Visa (NYSE:) and Apple (NASDAQ:) allows users to do just that. Coinovy’s crypto-to-fiat model is essentially a way for the world to see how financial inclusion can happen without opening a bank account.

Crypto Shop is one of the most powerful products from Coinovy. The Coinovy ecosystem is complete with eight additional features. All of them are based on Coinovy’s pillars of strength — technology, exchangeability, wallet solutions, and crypto-to-fiat. We can anticipate Coinovy being a key player in mass adoption because users have access to one platform that can handle all things crypto-related.