Overledger bypasses the need for cryptocurrency

Overledger has made it possible for businesses involved in creating blockchain solutions to not have to go in for the usage of cryptocurrency for making payments related to gas fees and transaction fees. This has turned out to be an immense amount of relief for users as, in the past, it was necessary for them to maintain a cryptocurrency balance for carrying out the required payments. The situation came with its own set of risks and accounting challenges.

Currently, with Overledger’s efforts in changing the very requirement of the blockchain, users will have the option of making payments through platform credits in the form of fiat currency. This is applicable in the case of all Quaint smart tokens such as Base, Flex, and Vari. It is possible to incorporate them effortlessly within the Overledger token flow.

One needs to follow the building of a user’s token or, in the case of selecting Quick Deploy on Quant. Connect, the users will be up against two choices for positioning. The first is the positioning with Metamask wallet, and the other is the positioning with the positioning via platform credits.

When a user decides to select the option of positioning with the help of credits, the platform credits will be utilized by him. Further, it will be made possible for him to be able to view the corresponding cost before he takes the step of moving forward. Through this, the requirement of cryptocurrency will be totally negated, and even the necessity of linking up with any virtual wallet.

This is indeed a landmark achievement on the part of Overledger, as it finally puts an end to the need for cryptocurrency in the case of creating blockchain solutions and, simultaneously, making blockchain further simplified, dependable, and futuristic in every way.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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