THE NEED FOR DECENTRALIZED PAYMENT SYSTEM
Following the massive disruption of the world's financial system through the introduction of blockchain technology, there have been a paradigm shift in the traditional way of payments. Companies and businesses are now cryptocurrencies friendly, massive adoption of cryptocurrencies now taking place in the financial sector.
Even banks now rely on blockchain derivatives to make international payments
The traditional payment system which is plaqued with high transaction ost, slow processing and a centralised documentation which results to lots of protocol bottleneck is becoming obsolete and in a dire need of change and improvements.
So far, the blockchain technology seems to be the answer to the traditional payment system, the speed of transaction, low transaction cost, and the decentralised data relay system on the blockchain is mind blowing and has shown to have passed the test for transparency and security. The integration of blockchain technology into the financial system is ongoing and currently needs some improvement, going by the fact a lot needs to be done in curbing existing financial problems, NUPay - a financial payment solution platform is launching its own project to help eradicate or minimise the current payment problems in the world's financial system.
WHAT IS NUPAY
NUPay is a blockchain based financial payment platform that acts as a gateway payment protocol for cryptocurrencies in online and offline stores and businesses. Nupay tends to connect merchants, suppliers, business owners and users directly in one place.
The nupay platform aims to remove the third party services in every transactions and connect merchants and consumers directly to deal in a peer to peer format
BENEFITS OF NUPAY
Low transaction cost
Built on the ethereum blockchain, the nupay platform is leveraging on the low transaction cost of blockchain derivatives to provide services which are cheap and affordable at all times.
Elimination of third party
NUPay will connect merchants and users directly by providing a peer to peer marketplace where deals are done without middle agent intrusion or services.
Wide range payment method
Taking customers convenience into consideration, NUPay will support different types of payment method starting from vouchers to crypto assets and even gift cards. Wonderful, isn't it?
Support
Bearing in mind that customer's satisfaction is paramount, NUPay customer's support will be live 24/7 to treat cases that might arise. Community is what builds a platform, NUPay plans to take that serious.
Global partnerships
In partnership with local and international IC chip developers and card issuers, NUPay plans to go global in guaranteeing stressfree and secured payments between merchants and users all over the world.
NUPay card
NUPay, through the partnership of regional card issuers is going to encrypt crypto and other payment balance into cards, to enable card payments that will be acceptable both in online and offline stores.
NUPay utility token
Token named TPCT, built on ethereum blockchain will be the platform's utility token which will be used to power up the platform in terms of purchase payments and service charges.
ROADMAP
Team
In conclusion
NUPay is aiming to provide a marketplace purely peer to peer, to eliminate third party intrusions and enable direct dealings between merchants and users.
Visit nupay and TPCT for token sale information and access to whitepaper
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Article written by Tccrypto
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