The payments market is getting crowded, with lots of cryptos taking a shot at this market. As with all other competitive markets, only the very best take the lion’s share of the market under such conditions. At the moment, Nano (Nano) may be lagging behind, relative to the bigger and more recognized competitors. However, it’s still early days in this market, since no crypto has been adopted at a scale, at least not to a level where they have become a household name for everyday payments. This means that the playing field is still open for all, and Nano (Nano) has the capacity to take a huge share of the market. It has what people need in everyday payments as seen below.
In doing payments whether its cross-border or for everyday grocery payments, one of the things that most people look for is cost. Any rational individual would go for a cheaper payment option provided it can get the job done, without any security issues.
As such, if there is a payment method that offers free transactions while maintaining the integrity of transactions, people would choose it over any other method that has fees, no matter how negligible they are. It just makes sense for users to choose such an option.
Apart from cost, the other thing that the average user looks for in everyday transactions is speed. The faster the transaction method, the better. On this front, Nano (Nano) coin is one of the fastest cryptos in the market. It runs on DAG technology, which allows it to make instant transactions and without fees. Its ability to make instant transactions is an attractive feature that could see it gain widespread adoption as a payment method.
Nano (Nano) coin is ideal for making micropayments. This means that anyone using Nano coin can pay subscriptions online and other stuff with ease. Millions of people pay for subscriptions online, but it is not a very efficient process, and it carries security risks especially when done with a card. Therefore, the fact that Nano (Nano) has zero fees, instant, and can seamlessly integrate with any systems including those that involve tiny payments makes it primed for mass adoption. For instance, someone looking to pay for music online would find it more convenient to do so with Nano than with existing payment method for the reasons discussed above.
All the above factors place it in a good position for value growth going into the future. It would not be surprising if in the long run, Nano ends up dominating the payments market. It has focused fully on this market, which gives it depth in terms of capabilities and market presence. Most of its competitors either have fees, or they are looking to achieve multiple goals, which eats into their competitive advantage in payments. Once Nano (Nano) gains wide adoption in this market, its value will grow as well. Nano (Nano) is a hidden gem for value investors looking for good cryptos in this bear market.