Developing a Cryptocurrency Banking App: Challenges and Costs
I've been exploring the idea of developing a cryptocurrency banking app, but the more I dig into it, the more complicated it seems. The main challenge, at least from what I can see, is regulatory compliance. Crypto laws vary so much between countries that it's almost impossible to create a single platform that works everywhere. On top of that, security concerns are huge—how do you even begin to build a system that protects users from fraud and hacking attempts? I’d love to hear from anyone who’s worked on similar projects. What was the biggest hurdle for you? Also, any insights on the actual development costs would be super helpful.
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I think another thing worth mentioning is customer support and user experience. Even the best security and compliance measures won’t help if users find the app too complex to use. Many crypto newcomers struggle with basic wallet management, let alone navigating a full-fledged banking app. Offering intuitive design, educational resources, and responsive support could make a huge difference in adoption rates.