A wonderful morning to you all steemians, it’s time for yet another exciting review on my blog.
Today I am presenting to you an awesome project that is dedicated to bringing tremendous changes to barter exchanging globally. However, before I dive in proper, I will like to remind us that in the past ages, people do not have any system of measuring values and money. How does trade then take place during this era? It was mainly through the barter tecnique which seemed so perfect then.
This same principle is also still present in the business sector as 2 different entities can come together and make transactions without the involvement of fiat currencies. In-fact, it was recorded recently by the World Bank that barter transaction worths over $23billion per year in market value which is also a direct pointer to the fact that this industry is loaded with lot of potentials to even expand beyond expectations.
The Problems
Unlike how the barter system was so efficient in the ages past, its so unfortunate that its isn’t really the same case in the present age probably because the world has really expanded much more than how it was then. The barter system we now have in this present age are being faced with several issues that threatens its survival, quickly I want to highlight a few of these issues which are;
- Lack of global centralized recording and facilitation of transaction
- Difficulty between storage of value and liquidity
- Cost to benefit for transactions which restricts liquidity and flow
- Zero price transparency and lack of trust
- No evolution and no liquidity to fiat conversion
- Payment is not flexible and
- Absence of universal currency
Introducing the BIZpaye Ecosystem
This is a subsidiary of a Singapore based company (APB international Pte. Ltd) and is a global decentralized barter marketplace established for the purpose of providing an organized platform where merchants can easily interact for buying and selling of products.
The main goal of this platform is to reduce the number of intermediaries involved in the conventional barter exchange system; this is made possible through the use smart contracts to facilitate trade between members.
The picture below represents the different processes and participants of the BIZpaye ecosystem;
What Other Exclusive Features are there on this Platform?
- Utmost transparency and simplicity of the platform that also allows merchants to give feedback after buying and selling of goods
- Highly secure storage of user’s information and data which is done on the BIZpaye Barter Trade off blockchain
- Ability of users to swap other tokens in their portfolio to the native token of the platform through BIZpaye token swap without any third party
- Availability of BIZpaye credit card that is build with maximum security which allows you to use your crypto asset for performing multi-transactional B2B & B2C online and
- Bonuses and rewards for members.
PARTNERS
Conclusively, it is very conspicuous that the BIZpaye ecosystem is set to drive forward massively the real world usecase of cryptocurrency which will obviously increase its adoption rate. The 5+ years experience, reputation and professionalism of the set of team behind the project are enough guarantee that the team will surely succeed in achieving its main goal of real world marketplace on the blockchain technology
For more information and enquiries, kindly check the links below;
Website
Whitepaper
Telegram Community
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