Introduction
Currently, we hear a lot about cryptocurrency on a daily basis without realizing its full potential and think we might as well use it or when do we see it being widespread and common like our credit or debit cards and that day has arrived. There is still widespread use of credit card and debit card for day to day transaction. The trust factor is more inherent in the physical object belonging to us and this works in favor of the credit card. We are a little skeptical about a digital currency which is still evolving and new but our credit cards issued by the banks are acceptable everywhere. Everyone has it despite rapid digitization of virtually everything related to finance. The financial world is complex and we do not want to mess with it but that does not mean we cannot use the latest cryptocurrencies available.
We might not be aware of the intricacies of the Blockchain or ethereum but we know how the credit card works and this might be a single skill needed to operate the latest cryptocurrency. The overhauling of the entire financial system to adjust Blockchain based cryptocurrency seems a distant future despite multiple efforts by different stakeholders. Over the last decade, the awareness among the common people about the cryptocurrency has rapidly grown but that has not translated into the use of cryptocurrency and this is the biggest hindrance to the adoption of cryptocurrency. We need a bridge which connects the current financial system with the latest Blockchain based cryptocurrency system and this will be the biggest landmark in the financial world which will truly change the shape of cryptocurrency and provide a sustainable future of cryptocurrency.
Solution Offered
Sometimes it happens by a mere coincidence, things we dream become reality and this latest technology which offer the best optimal solution to the problem mentioned above is a true case of such coincidence. A new card just like a normal credit card or debit card but with added features of Blockchain will become reality to bridge the gap between current financial system and latest cryptocurrency. We can be sure of the integration of the card with all the latest cryptocurrencies along with current currencies of the physical world.
Bon is the name of the company which has already done major advancement in this area by laying down all the challenges and solutions involved in this project. Bon provides this solution by presenting us with Bonpay, a smart digital wallet for all your exchanges and transactions with a minimum service fee. It also provides you with Bonpay crypto card through which you can perform your transactions and it can be ordered online through Bonpay app.
How does it Work
Bonpay provides a digital wallet and a plastic card named Bonpay cryptocurrency card which can be made available online too. There will be the Bonpay app available on android and ios platform which can be downloaded on mobile. It is the most secure, safe and transparent app which will provide each and every transaction and exchange of your account. This Bonpay app support exchange of any cryptocurrency such as bitcoin, litecoin or erc 32.It acts through the Decentralized liquid network which is based on Ethereum Blockchain.
This DLN provides exchange services between each stakeholder along with providing most flexible, swift, and multiple choices. It is available in more than 100 countries through the app and lives web version. The main objective is an easy interaction between users over a Decentralised liquid network and at the same time providing faster transfer and exchange services in most transparent and easy way possible. The main problem of liquidity is directly addressed through DLN by providing a network of users who wish to exchange, interact and buy different cryptocurrency available in the world with the secured network in a hassle-free manner.
Token Sale Information
The Initial token sale is going to take place in October in 2017. The minimum amount is per token is 10 Bon. Total sale up to the public is 200 000 ETH which is 51% of total tokens. This will be used for research and development for the project to make it more safer and secure. All cryptocurrencies are accepted but they will be later converted into ethereum. Token holders benefit increases as the user grow and the volume increases leading to better revenue and commission for all.
People behind the Project
An experienced team of crypto enthusiasts, software engineers and crypto experts are behind this project whose only objective is to revolutionise the cryptocurrency world by making its use more widespread and common. These people have proven track record of performance and capability of handling such projects.
Why should you buy it?
The exchange rate offered by Bonpay is 2-4 % which is lowest compared to other providers who are still in the developmental phase. This has already proven its capability by presenting a live web version of this project.
It has already partnered with other industry veterans offering to join them in their quest to create a better framework of a network in which any cryptocurrency can be converted into any other cryptocurrency.In my views, project has great potential and will definately do well in times to come.
Website : https://Bonpay.com/
Whitepaper : https://Bonpay.com/whitepaper/