Crypto transactions must be easier. That’s it. That’s the headline

As Bitcoin’s (BTC) price continues to climb ever higher, more and more people are beginning to educate themselves on how they can enter the cryptocurrency market. However, the realities of cryptocurrency ownership (long complicated addresses, passphrases and security risks) all remain barriers to adoption for new users. Programmers and technologists generally assume a level of understanding and ability with tech innovations that the average person on the street simply is not equipped with.

A survey carried out by our team saw 75% of respondents say they found cryptocurrency transactions stressful and unnecessarily complicated. A majority (55%) said they had had trouble in the past sending cryptocurrency transactions, 18% had lost funds, and 6% had suffered a man-in-the-middle attack. These complexities have real and damaging consequences even among technologically savvy elites; one programmer I know lost tens of thousands of dollars because a QR-code had been corrupted and his savings were lost forever. Highly qualified engineers and developers have lost millions due to misplacing files, losing passphrases or simply miscopying a 34-character address.

For any financial system to fully function, users need to have faith in its foundations. It is no coincidence that the word “credit” derives from the Latin “credere” which means “to believe.” The architects of any financial ecosystem, whether they be central bankers in Frankfurt or software developers in Silicon Valley, need to ensure that people trust where they are placing their money. Only by creating a secure environment and collective confidence of a broader user base will blockchain technology be able to deliver on its founding promises.

For example, crypto addresses could become self-sovereign nonfungible tokens that work with every token and every blockchain. Requests, which are decentralized payment requests, are privately encrypted between the two parties involved and include contextual…

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