3 Coins to Watch This Month: Qubetics Revolutionizes Cross-Border Payments

Have you been keeping an eye on the crypto world recently? Every month, new blockchain projects are entering the scene, bringing exciting opportunities for investors

Have you been keeping an eye on the crypto world recently? Every month, new blockchain projects are entering the scene, bringing exciting opportunities for investors who know where to look. But with so many options available, it can feel overwhelming to sift through the sheer volume of coins and tokens, especially when you’re searching for projects that have real-world utility and promising growth potential.

If you’re aiming to make your next move count, it’s crucial to focus on projects that solve real problems while offering solid financial prospects. To help you on your journey, here are three of the best coins to join in August, handpicked for their unique strengths and potential to generate strong returns.

1.

Qubetics Revolutionises Cross-Border Payments for Businesses and Individuals

Aimed at revolutionising cross-border payments, Qubetics is a Layer-1 blockchain network designed to process transactions rapidly and efficiently, even on a global scale. Its primary goal is to simplify and optimize international money transfer services, offering a stark improvement over the slow and expensive methods employed by traditional institutions.

In today’s interconnected business landscape, companies increasingly engage with suppliers and clients in multiple countries. However, managing these relationships can be complicated by the difficulties and high costs associated with transferring money across borders. Businesses typically face significant charges from banks for foreign exchange services, especially when dealing with smaller transactions.

For instance, a business owner in the US making a $5,000 payment to a supplier in China might be subject to a bank fee of $300 to $500, depending on the bank and the service. Such hefty fees can eat into company profits, especially for small and medium enterprises (SMEs) that are particularly sensitive to costs.

In the private sector, individuals also encounter difficulties when sending remittances to their families abroad. Existing services, like Western Union and MoneyGram, often levy high fees and disburse funds slowly. For instance, an immigrant in the US sending $500 to a family member in India through Western Union might pay a service fee of $50 to $80, and the beneficiary may still take two to three working days to receive the funds.

However, the pressing need for swift and affordable global payments is being met by the emerging Web3 industry, which is rapidly developing innovative solutions to some of the world’s most pressing problems.

One promising project in this domain is Qubetics, a new Layer-1 blockchain network that is specifically designed for rapid and efficient transaction processing, even on a global scale. The network is designed to be highly scalable, with the capacity to process a large volume of transactions per second (TPS).

This property is essential for handling the fast-paced nature of today’s digital economy and ensuring that transactions are executed quickly and efficiently, regardless of the geographical distance involved.

Another key strength of the Qubetics blockchain is its low transaction fees, also known as gas fees. These are the small fees charged to users for each transaction they make on the blockchain network, and they are an integral part of the cryptocurrency ecosystem.

To ensure optimal performance and encourage widespread adoption, cryptocurrencies aim to keep transaction fees as low as possible.

In contrast to traditional financial institutions, which often impose hefty fees, cryptocurrencies are designed to operate with minimal overhead, allowing them to pass on the savings to users in the form of lower transaction charges.

This is a significant advantage, especially for smaller investors or businesses who can be heavily impacted by high fees, which can erode the profitability of their trades or business ventures.

The native token of the Qubetics ecosystem is called QBT, and it serves several critical functions within the network. It is used as the primary means of payment for goods, services, and fees within the Qubetics ecosystem. Users can buy, sell, hold, and use QBT to interact with various decentralised applications (dapps) and protocols built on the network.

As the network expands and adoption grows, the demand for QBT is expected to increase, potentially driving up its price in the cryptocurrency markets. This makes QBT a promising investment opportunity for those interested in the potential of new-generation blockchains and their role in the future of finance.

Why this coin made it to this list: The Qubetics ecosystem provides practical solutions for real-world problems while also presenting a lucrative investment opportunity, making it one of the best coins to join this month.

2.

Aave Reshapes Decentralised Lending for the Future

Aave is one of the best-known and most interesting decentralised finance (DeFi) protocols. It’s a lending and borrowing platform where users can provide liquidity by depositing cryptocurrencies and earn interest, while borrowers can access a variety of coins with flexible terms. Aave supports a broad range of digital assets, giving users more options for managing their crypto portfolios.

Those who lend their coins on Aave can choose between the Stable Rate and Variable Rate