Crypto transaction success rate hinges on user location: Report
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The crypto community continually seeks
Additionally, transaction value was a major indicator of success, with smaller transactions worth $0–26 achieving a 66% authorization rate, compared to transactions with values more than $5,000, which typically have an authorization rate of 19%.
The research concluded that potential solutions to transaction authorization issues could be for token service providers to offer as wide a range as possible of aggregated onramps in a single interface. Another is dynamically routing transactions to give users the best option for their situations.
Recently, at the World Economic Forum, Tether chief technology officer Paolo Ardoino called the platform’s stablecoin Tether (USDT), an on-ramp for Bitcoin (BTC).
The Hong Kong Monetary Authority also described its upcoming retail central bank digital currency as a potential on-ramp into the DeFi space.
