Chapter Quadrata: Simplifying crypto products for users will ensure industry growth – Bits Media

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

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

According to Cheng, compliance with the “Know your client” principle (KYC), rather than time-consuming protocols, - this is one way, with which new projects can attract users. Quadrata co-founder believes, that another step in popularizing projects is the creation of a reliable network of partners.

According to Cheng, these could be interoperable blockchains or DeFi. Cheng thinks, that there are many projects in the cryptocurrency market with limited interoperability, so users, Alas, having to "juggle with many different accounts and applications".

A platform with a large and compatible network of partners could provide users with countless ways to use one platform, dreams of the CEO of Quadrata.

Cheng thinks, that the growth of the crypto industry requires a constant influx of new users. According to the head of Quadrata, Providing educational content is the first step to laying the foundation, which will allow for a revolution in the economy.

The crypto industry is not for everyone, Therefore, it is critical to find additional ways to encourage new users to join the digital asset space. According to Cheng, offering unsecured loans helps bridge the wealth gap between the haves and have-nots.

The ultimate goal is, for blockchain technology to be built into applications to such an extent, that users didn't even need to know, that they are on the blockchain. Cheng confident: when will applications become as intuitive and understandable?, like traditional financial instruments, which users download in 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 reported in May, that is going to teach financial literacy to low-income people in Chicago..