Renegade Whitepaper
  • A word from the founder
  • The Challenges Facing Traditional Financial Markets
    • Financial Markets
  • Renegade - bridging the gap
    • Cryptocurrencies vs. traditional financial markets
    • Limited global availability
  • Mission
    • Accelerate the World’s Transition to Cryptocurrency
  • Vision
    • Cryptocurrency for everyone.
  • Future of the Internet - Web3
  • The challenges currently facing cryptocurrency exchanges
    • Insufficient compliance
    • Isolation from traditional banking
    • Trading fees
  • Issues with cryptocurrency wallets at present
    • Asset safety
  • Banking challenges with cryptocurrencies
    • Limited accessibility
  • Challenge Identification and Our Approach
    • Principal Obstacles in Promoting Cryptocurrency Adoption
    • Our Approach
  • Renegade Payment Solutions
    • RenegadePay
    • Unique Selling Proposition
  • The Renegade App
    • User Experience
      • Buy & Sell Crypto
      • Send & Withdraw Crypto
      • Manage the Visa Card
      • Track Crypto
    • Traditional Banking
    • Currency Exchange
    • Security
      • Secure Wallets
      • Two-Factor Authentication (2FA)
      • Biometric Authentication
      • Encryption
      • Suspicious Activity Monitoring
      • Instant Notifications
    • Renegade Wallets
      • Our Offering
      • Custodial
      • Non-custodial
    • Renegade Lend
  • Renegade’s Business Model
    • Renegade Exchange
      • Our Offering
    • User Experience
      • Spot Trading
      • Margin Trading
      • Derivatives Trading
      • Staking Benefits
        • Fixed Stake-and-Earn
        • Flexible Staking
      • Other Features & Promotions
    • Revenue streams
      • Transaction fees
      • Exchange fees
      • Renegade Lend
      • Future revenue streams
  • Visa Card
    • The Renegade Reward System
    • The Renegade Squad
    • Renegade Squad Points (RSP)
      • How To Earn Squad Points
        • Staking RNG
      • How To Use Renegade Squad Points
        • Reward %
        • Reward Cap
        • The Renegade Benefits
    • The Founders Editon
      • Founders Cards
      • Founders NFTs
  • The Renegade Tokenomics
    • Tokenomics
      • Token Information
      • Token Distribution
    • Token Utility
  • Company Background
  • Status Quo Renegade
  • Links
    • Twitter/X
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  1. Challenge Identification and Our Approach

Principal Obstacles in Promoting Cryptocurrency Adoption

Navigating the path to wider cryptocurrency adoption is riddled with unique challenges, including:

Interface Design: An uninspiring interface fails to attract or please the average user, leading to user dissatisfaction.

Incentive Structure: Lacklustre incentives do not motivate users to use cryptocurrencies beyond speculative trading, presenting a weak value proposition.

Understanding and Accessibility: The inherent complexity of cryptocurrencies can intimidate and deter newcomers, making it a hard-to-grasp investment.

Security and Confidence: The high incidence of fraud and theft related to cryptocurrencies has undermined user trust, posing a significant security concern.

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Last updated 1 year ago