Like most people out there today, many have asked themselves how they are going to make ends meet as the economy begins to make a slow turn around. Some have opted to search the Internet and take on another part time job while some have opted to sell items in online auctions to make the extra money flow. Yet with all of this there are a select few people who are developing a new tactic to survive and thrive in today’s economy: cryptocurrency coupons.
PayCoupons is a new system for economic exchange using based on cryptocurrency technology, and it will eventually allow cryptographically secure, irreversible offline payments with coupons. Since these payments can be done offline and are never recorded on a blockchain, they cannot be traced online.
How does PayCoupons function?
PayCoupons uses “network barter” as a new way to facilitate economic exchange and works without a universal product, that is, without money. In this context, network barter is a token exchange / currency exchange mechanism based on multilateral barter with many (potentially thousands) of participants in each barter trade. All participants obtain coupons they want in exchange for the same value of own coupons they issue to other participants in the trade.
Coupons in the PayCoupons system are self-issued value tokens, embodying the right to products and services as offered and priced by the coupon issuer. Coupons of different issuers are not equivalent, as they encode the rights to different products and services. They do however use the same unit to measure their value, which makes them exchangeable by means of network bartering with a constant one-to-one rate. The unit of account for coupons is that of the country’s regularly used fiat currency. This enables seamless integration into business accounting. Still, this denomination does not imply any need for state issued currency since coupons do not include the right to be redeemed for currency.
Benefit and Importance of PayCoupons
PayCoupons helps small businesses to grow and save money, by connecting them with a new, computerized system of economic exchange. PayCoupon is safe and secure, easy to use, legal and not affected by the exchange rate volatility of most other cryptocurrency systems.
Using PayCoupons is not a risk: companies already use coupons of various types since decades, and coupons are legal. Coupons are speculation protected and inflation resistant. Also, coupon issuers will only accept coupons as payments that were obtained orderly. In this way, security risks are very low.
PayCoupons have a value token on the Stellar blockchain, created by PayCoupons GmbH as a means of paying fees for using their pay.coupons platform. Right now, they are introducing their value token by means of an airdrop campaign to Stellar holders and a referral program for the general public. You can read more and participate via https://pay.coupons/pct
Conclusion
The PayCoupons platform can allow users to issue their coupons, using state currency only as a unit. To make handling different currencies of coupons comfortable for users, they will see all their coupon orders in the currency they use for their own coupons, automatically converted at current market rates, while the value in the coupon’s original currency value is also provided as a note. In contrast to cryptocurrency systems built for low-fee and fast transfer, for speculation or for other purposes, PayCoupons is built to facilitate trade and liquidity in the goods and services economy.