Cryptiv is setting out to simplify the use of crypto currencies

March 13, 2014


Cryptiv to launch as part of the crypto currency revolution

Cryptocurrency has become a controversial issue lately, everyone from Senators to movie stars are talking about it. If you have not heard, cryptocurrency, like BitCoin, is a digital medium of exchange. They were created to function as money, to be exchanged for goods and services, but they have no concrete value.

This is partially why they are controversial: with no set value, they are volatile and can bounce between rates on an almost daily basis. Also, they are not controlled by any single party or government. If you accept cryptocurrency, you are taking a risk that it is valid payment and will stay valid payment.

Enter Cryptiv, a platform hoping to simplify the use of cryptocurrency. It is a browser extension that allows users to transfer, spend, and even tip; quickly and securely. This could be the answer for the current cryptocurrencies like Bitcoin, Litecoin, and Dodgecoin.

In light of the recent Flexcoin theft, Cryptiv could not have picked a better time to debut. People will be more likely to accept and utilize cryptocurrency if they are provided through a service they can trust.

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Cryptiv is a little bit like PayPal

With Cryptiv you can instantly transfer currency to anyone, a little like PayPal. You can then purchase items/services by clicking a button, just as you do when using a credit card or PayPal. Cryptiv also lets you “tip” friends, family, and other people. It functions a bit like a “retweet” or a “like.” They also provide industry-leading security technology, including: SSL encryption, AES-256 encryption for wallets and private keys, two-factor authentication, SQL injection, and password protection.

The Cryptiv blog states, “Both the technology and community behind crypto currencies are setting the stage for a major disruption to the archaic, costly and cumbersome financial system that presently exists. We welcome the change towards a more efficient and cost effective global monetary system for everyone.” It will be interesting to see how this affects the cryptocurrency revolution: in particular, Bitcoin. With a secured platform, for all merchants and customers, cryptocurrency could really begin to take off.

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Jennifer Walpole is a Senior Staff Writer at The American Genius and holds a Master's degree in English from the University of Oklahoma. She is a science fiction fanatic and enjoys writing way more than she should. She dreams of being a screenwriter and seeing her work on the big screen in Hollywood one day.

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