Introduction
Breaks and day-offs affect financial transactions for CashApp Company. We, Solana cryptocurrencies, are unique since our transactions do not have breaks and day-offs. There is a misunderstanding that successful transactions using cryptocurrency require intermediaries in the person. That has led people to believe that transactions require a bank and a payment system, as when paying with a card. I propose introducing Solana cryptocurrency to CashApp Company for a better consumer experience. Recently we are the fastest-growing blockchain in the world, and we hope your company will join other online banking services providers enjoying our exceptional features.
Problem Statement
In the contemporary global community, consumers prefer consistency in providing products and services. Consumers are coerced to utilize alternative payment methods of transactions during holidays and between 9:30 AM and 4 PM during weekdays. CashApp services are limited to only market hours affecting consumer preference and profitability. Additionally, consumers avoid the large price swings that happen during breaks and days offs.
Objectives
We hope to make your company the most efficient in the online transaction business by offering 24 hours services on all days. We intend to educate your company that no intermediaries are required when paying for cryptocurrency. Our blockchain is large, with the capacity to manage intense network traffic at all times. Our technology will allow CashApp to facilitate direct deposits on weekends and off-market hours to improve the efficiency of their services.
Methods
The first plan of action is a short pretest to guarantee the success of our program in the qualities of assessment. We will offer free 10,000 coins that employees at your company will use to evaluate their efficiency on weekends and off-market hours. After quality assurance, we will lend our crypto-currency to CashApp to improve customer experience.
Literature Review
Market closures and day breaks affect crypto online transactions’ efficiency and preference among consumers. Customer loyalty at CashApp is significantly affected when customers are forced to seek alternative means of facilitating transactions. The consistency of the services proportionately affects corporate stability and constant growth. Moreover, the biggest revenue and transactional swings happen during break times and day-offs [1]. The price of Bitcoins traded by CashApp is also relatively affected by the breaking shock. Our blockchain will go a long way to offer a solution to fluctuating performance by establishing consistent services.
Feasibility
CashApp investment in Solana crypto-currency is logical with long-term benefits. First, the consistency of our crypto-currency will have immediate effects on the revenue since there will be no restrictions. Customer loyalty and the brand image of CashApp will improve since their customers will not need alternative transaction methods. Finally, the high fluctuation of bitcoins used by CashApp affects consumer preference due to the high risk.
Budget
Adopting and implementing the proposed bitcoin is ultimately low considering only the legal fees, IT auditors’ salary, and coin purchase cost are involved. We will offer free 10,000 coins for the pretest stage of the proposal. The auditing cost for the pretest will be $ 13,000 to pay two IT auditors. The legal services for lending our products will cost no more than $ 30 000.
Qualifications
We believe we can execute the intended plan of action within the given timeframe and budget. Solana crypto-currency is the latest, most advanced blockchain rapidly trending among consumers. Furthermore, we are the only blockchain technology that maintains stability in the cost of our coins. Our team is willing to collaborate with your organization to make customized advancements to suit your needs.
Conclusion
The proposal briefs the project to introduce Solana crypto-currency to CashApp. We offer solutions to the negative impacts breaks and day-offs have on Solana crypto-currency. The breaks and day-offs affect profitability, customer loyalty, preference, and experience for CashApp. Since transactions using cryptocurrency do not require intermediaries in the person, I, therefore, recommend Solana crypto-currency to CashApp to mitigate the business risks of breaks and day-offs.
References
Liu, Yukun, et al. “Common Risk Factors in Crypto-currency.” Common Risk Factors in Crypto-currency, 2019. Web.