KASTA list on Bybit exchange. KASTA uses blockchain technology to help money transfer problems. KASTA, a P2P payments platform, has …Read More…
KASTA uses blockchain technology to help money transfer problems.
KASTA, a P2P payments platform, has announced its listing on the cryptocurrency exchange Bybit. With over 3 million users and a daily volume of more than $7 billion, this is an important step for the blockchain project as it continues to focus on expanding crypto-asset availability. The token’s official launch on Bybit will occur on January 5, 2022 at 12PM UTC.
Bybit is one of the most promising cryptocurrency exchanges, with a strong track record of ICO operations. They have an in-depth understanding of blockchain technology and want to highlight the finest services available.
Kasta is leveraging the new blockchain technology that aims to help you with your money transfer problems, as it’s designed to make international money transfers simple. The procedures and chains involved in the network or currency transfer may be time-consuming. As a result, P2P transactions are made easy and convenient by the use of the blockchain.
Powered by Polygon, Kasta recently changed over to a crypto-based economy, allowing you to send money across borders with ease. They aim to accelerate the global adoption of cryptocurrency and enhance financial services’ usefulness. Kasta’s payment solution with ease fiat on and off-ramp services, along with its Easy Swap engine onboarding a new set of users in the digital financial landscape. Novice users can just send and receive payments by interesting phone numbers, QR codes or emails without understanding the technicalities of the blockchain. While securing the payments through blockchain, Kasta is on a mission to address the massive payments industry of over $432 billion through its highly intuitive product bringing in the next wave of revolution.
“We are thrilled to be listed on Bybit, which proves that our long-term strategies are committed with market leaders,” said Carl The Moon, co-founder of Kasta. “I believe Kasta can bring a paradigm shift in the way transactions are performed. Through P2P payments, we are streamlining the movement of funds in the world, while bringing down costs for both senders and receivers,” he added.
Hybrid Payment Solution to Onboard Next Set of Crypto Users
According to a recent study, the global digital remittance market is anticipated to expand at a CAGR of 13.3% over the next six years. The increase in the market is attributed to overseas migrants transferring money to their native countries. Kasta utilizes blockchain-based payment solutions to offer an alternative payment key for money transfers. Backed by leading venture capitalists and investors including Master ventures, LVT capital, Metavest, Sheesha finance, Brilliance ventures, and Swissborg as part of its mission to transform the p2p payments industry.
In the quest of conquering bigger milestones, Kasta announces its launch on the Bybit platform as they need to continue building their user base worldwide. The Bybit team has expressed its excitement to support Kasta’s vision due to its decentralized nature which makes it unique in today’s market.
$KASTA is the official currency of Kasta which serves as the basis for every transaction and transfer. The trading pair feature gives users the opportunity to exchange their $KASTA tokens with $USDT allowing you to utilize KASTA for all your trading needs. With the new ByBit listing, Kasta aims to expand its community and eventually promote cryptocurrency usage. This is just the start of their bigger vision to make a difference in this area. By signing up for an account with Bybit, you can trade KASTA on their website or via their mobile app which will soon be available on both Android and iOS.
Kasta is committed to outthinking the ever-changing market with creative ideas. With an actionable growth strategy, the aim of the project is to deliver a long-term value proposition and address the financial sector’s basic issues of high costs, sluggish transactions, and complex adoption.
In Q1 2022, Kasta plans to acquire an Estonian virtual currency license that will give them legal authority to operate their blockchain business. The platform also plans to accept deposits and withdrawals in bitcoin, ether, USDT and its native KASTA. In Q2 2022, the project aims to launch an affiliate program and issue its own Kasta credit/debit card. In addition, the initiative plans to build its own payment gateway in order to reduce exchange costs.
By the end of the year, the project aims to integrate gamification capabilities to incentivize users to hold the token and increase its value. They also plan to start increasing the functionality of the crypto/debit cards and integrate recurring deposits and payments.