However, the creators of the Electra Protocol blockchain give a completely different solution the status of the killer feature: When carrying out a transaction, the sender can soon decide in which currencies the payment will be made thanks to atomic swaps. Say: BTC in, ETH out. Or: XRP in and ADA received. And, almost unbelievable: any supported fiat currency in, and out as well (for example Euros, US Dollars, etc.). Using this bridging functionality, Electra Protocol can become what many are currently looking for: an ultra-fast, almost free, and globally usable means of transport for virtually all types of digital assets, without needing a bank account.
Payments will optionally include a legitimation check, should this be necessary due to regulations. So it’s perfect for non-anonymous or anonymous online payments. In addition, the transaction costs of Electra Protocol are burned, which means its internal crypto currency XEP is deflationary.
In my belief, Electra Protocol can also be used for trading crypto currencies on centralized and decentralized crypto exchanges once their smart contracts functionality has been implemented, for example to save exchange costs instead of using stablecoins, when stablecoins are regulated by governments, or when stablecoins eventually crash.
There are exciting times ahead. #datamoney #XEP