With Bitcoin continuing to soar in popularity despite its recent issues, various alternative cryptocurrencies—or altcoins—have barely been receiving any mainstream attention in the media or among the general public.
However, despite that fact, these circumstances just may come to change in the very near future and one of the reasons behind this goes by the name of Paycoin.
We are already getting a glimpse of this shift through more well-known altcoins like Dogecoin, a cryptocurrency based entirely off an Internet meme that has managed to receive its decent chunk of mainstream media attention thanks almost entirely to the community behind it.
While this has been great for Dogecoin itself, it has also had the side effect of shining some light on altcoins in general of which there are so many, yet so few that actually hold a decent value in terms of offerings.
One altcoin to look out for in the near future, as it shows a great deal of promise and the ability to stand out from the others, is the aforementioned Paycoin.
Paycoin excels above the competition in a number of ways, most notably through its exceptionally quick transaction times and its ability to carry a transaction message from sender to receiver. These features alone are what could make Paycoin the next killer altcoin, as they are essentially unmatched by any and all of the competition.
A particularly serious issue with Bitcoin and many other cryptocurrencies are the particularly (sometimes extremely) long transaction times.
Transactions—especially those conducted online—are supposed to be quick, if not instant, and having to wait around for a payment to process is neither a pleasant experience for the buyer or seller nor something that should happen when making a payment using cryptocurrency.
Paycoin is practically the perfect altcoin to use as an actual currency because it has placed its focus on getting past this issue and allowing for quick and painless transactions, an undoubtedly valuable trait. Beyond that, Paycoin has also introduced an extremely useful feature for transactions that take place entirely (communication between buyer and seller included) over the Internet.
This feature is something that would have done Bitcoin or any other competing altcoin a lot of good, and it is the capability of allowing the sender of a payment to send a message to the recipient of said payment along with it. Anything from shipping details to a “thank you” note can accompany a transaction made through Paycoin, something that no other altcoin has managed to accomplish or implement so far. For these reasons, it is safe to say that investing in Paycoin while it is still relatively inexpensive on Cryptsy is a good idea.
You can definitely expect a spike in value once a greater number of cryptocurrency enthusiasts come to see Paycoin for the value in its features, and you can expect that to be in the very near future.
