Fantom Founder Andre Cronje Launches Closed Beta for Cryptopayment Infrastructure Project

On April 23rd, Fantom founder Andre Cronje revealed that he is committed to the cryptopayment infrastructure project and has launched a closed beta version of the product. He plans to open his cryptofriendly bank to the public later this year.

Andre Cronje revealed that he is committed to crypto payment infrastructure and crypto friendly banking projects

Introduction

On April 23rd, 2021, the founder of Fantom, Andre Cronje, announced that he has launched a closed beta for his cryptopayment infrastructure project. This project aims to provide a secure and efficient method of conducting cryptocurrency transactions and will eventually be opened to the public later this year.

Background on Fantom

Fantom is a platform that provides a fast, scalable, and secure framework for decentralized applications. It is built on a DAG (Directed Acyclic Graph) architecture, which allows for the processing of multiple transactions simultaneously. Fantom’s mainnet went live in December 2019, and since then, it has gained popularity among developers and investors alike due to its advanced features and flexibility.

The Need for a Cryptopayment Infrastructure Project

One of the major barriers to the widespread adoption of cryptocurrencies is the lack of infrastructure to facilitate transactions. Currently, most cryptocurrency transactions are conducted on centralized exchanges, which are prone to hacks and security breaches. Moreover, the transaction fees on these exchanges can be exorbitant, making smaller transactions impractical.
To address these issues, Andre Cronje has developed a cryptopayment infrastructure project that will enable users to conduct peer-to-peer transactions securely and without the need for intermediaries. The project utilizes Fantom’s DAG architecture to enable near-instantaneous transactions at a fraction of the cost of traditional cryptocurrency exchanges.

Features of the Cryptopayment Infrastructure Project

The cryptopayment infrastructure project developed by Andre Cronje offers several distinctive features that make it a compelling choice for cryptocurrency users:
**1. Security** – The project utilizes advanced cryptographic protocols to ensure that transactions are secure and tamper-proof.
**2. Efficiency** – Transactions on the platform are processed almost instantly, making it ideal for microtransactions and other small-value transactions.
**3. Low Fees** – Unlike traditional cryptocurrency exchanges, which charge high transaction fees, the cryptopayment infrastructure project developed by Andre Cronje charges only a minimal fee per transaction.

The Closed Beta Launch

The closed beta version of the cryptopayment infrastructure project was launched on April 23rd, 2021. The beta version is currently being tested by a select group of users, and Cronje plans to open it to the public later this year.
The closed beta launch was met with excitement by the cryptocurrency community, with many users praising the project’s advanced features and potential to disrupt the traditional cryptocurrency exchange market.

Conclusion

Andre Cronje’s cryptopayment infrastructure project represents a significant step forward in the mainstream adoption of cryptocurrencies. With its advanced features and low fees, the project has the potential to revolutionize the way peer-to-peer transactions are conducted, making it easier and more secure for cryptocurrency users to transfer value.

FAQs

**Q1. How does the cryptopayment infrastructure project developed by Andre Cronje differ from traditional cryptocurrency exchanges?**
A1. Unlike traditional exchanges, which are centralized and charge high transaction fees, the cryptopayment infrastructure project developed by Andre Cronje enables peer-to-peer transactions at a fraction of the cost.
**Q2. When will the cryptopayment infrastructure project be available to the public?**
A2. Andre Cronje plans to open the project to the public later this year, after the closed beta testing phase is completed.
**Q3. What are the benefits of using the cryptopayment infrastructure project developed by Andre Cronje?**
A3. The project offers several benefits, including near-instantaneous transactions, low fees, and enhanced security. It also eliminates the need for intermediaries such as traditional exchanges, making transactions more efficient and secure.