Top 5 apps that will change the way we pay

May 23, 2019

The world is slowly but surely changing. Some of the most important changes concern our financial freedom and convince. It is a known fact that over 5 billion people in the world today have mobile phones. That is a bigger number than the number of people with access to banking infrastructure. For this reason alone fintech payment apps will inevitably become the mainstream payment method in the nearest future. Today we are going to take a look at five most promising apps that will change the way we pay.

  1. Coinbase

Coinbase is a popular Bitcoin, Ethereum, and Litecoin mobile wallet. It allows users to easily send and receive said crypto as well as manage private keys securely. In addition, the app provides Bitcoin price charts, bitcoin price ticker, and price alerts ensure that users can manage their portfolios effortlessly.

The app also lets users keep a tab on their balance, transaction history, and transaction details. The app is one of the most popular crypto wallets, but  unfortunately, it does not support FIAT settlements and has a limited selection of available currencies.

  1. BitPay

BitPay allows users to manage and spend their Bitcoins using the app as a mobile wallet. What’s more, BitPay features it’s own VISA card that enables users to pay in BTC with automatic conversion to dollars, which means– the ability to spend Bitcoin at retailers. The app promises increased security and anonymity compared to traditional payment methods and even hot BTC wallets.

However, only Bitcoin is supported at the moment, making the app rather niche.

  1. Circle Pay.

This app takes one of the defining features of Apple Pay – instant payments in the form of messages and makes it the main focus. As such, Circle allows users to send funds super-conveniently even to other countries without having to wait for bank transfer clearances or pay absurd fees. The app also supports group pay and allows to withdraw funds at any moment for further financial flexibility.

On the downside, Circle does not provide the ability to spend crypto at retailers, making its applications somewhat more limited.

  1. Revolut

The scandal-maker Revolut has to be one of the most comprehensive banking apps on the planet, with a wide array of operations with fiat, credit card integration and cryptocurrency support. The app basically does everything your normal bank can do, but a little bit cheaper, faster and more user-friendly.

But The key words here are “a little bit”. And while the app has cryptocurrency support, it is limited to 5 cryptos. While users can buy them and send them to each other within the system, it’s not possible to send crypto funds to an outside address, which limits the use-cases a lot.

  1. Exscudo Channels

Channels is a runner-app crypto application on this list, which may very well present the most comprehensive future set up to this point. The app features the ability to send money via text messages, just like Apple Pay and Circle. Soon it will be connected to an Exscudo debit card with up to 10% cashback, like BitPay. The app already supports over 10 currencies and the list is rapidly growing.

In addition, Channels app allows users to hold fiat, make bank transfers and soon – pay at retailers. In the future, even digitized assets such as company shares will be supported. Users can also exchange cryptos directly in the app and enjoy automatic conversion to FIAT when making payments. Channels is like a real bank in your pocket.

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