My research has led me nicely to this wonderful new ecosystem, the Korona ecosystem. This system offers a European cryptocurrency for real use, providing reliability and stability within a market that currently has no universal solution for eliminating existing market bottlenecks. I have seen that Korona is operating as a Swiss Foundation under transparent and reliable Swiss law, providing unique blockchain based solutions that are readily available to be used overseas.
The system is backed by a complex service system, meaning that the Korona tokens will be available throughout Europe for the purchase of services and goods. The fact that this system is made up of a brand new integrated payment framework is one that is extremely exciting and pleasing to witness. With the expansion of e-commerce sales volumes and that fact that digital payments are hitting new records worldwide as we speak, the need is ever expanding exponentially for regulated and transparent protocols such as the Korona ecosystem.
This system is user-friendly in its nature, it is effective, and it complies with crypto payment frameworks and subsists well with other complex ecosystems. Korona offers a simplified yet complex ecosystem, which allows the necessary link between e-commerce stores and cryptocurrency payments to include a digital payment platform, one which is easily integrated into any third party online store platform. The payment processor that Korona uses is one called the API processor, and this processor has been created with speed and security as its main focus. The system has all the protection and safety benefits and features of any major fiat based, traditional payment system, but with the added bonus of decentralized blockchain based systems, that perform alongside the Korona tokens that are easily and readily available.
For any blockchain and cryptocurrency enthusiast, the added benefit that when online stores equip themselves with the korona digital payment platform, they will experience the advantages of the decentralized payment technologies, and are able to embrace the fast transfers, but with limited cost, is clearly a massive pull in Korona’s favor. The whole platform is clearly an extremely simple and user-friendly API.
Korona endeavors to connect local SME (local small and medium-sized enterprises) to the e-commerce ecosystem through Korona payments. They are breaking the barriers that SME business previously has though exist – such as high cost and lack of knowledge and information regarding the cryptocurrency system. By providing the modern, freely accessible and usable website platform frame Korona will revolutionize the support and options currently available for local business. Koona tokens will be the facilitator for this support and available website platform and will speed up the rate in which local SME businesses are able to exist in the up and coming global cryptoverse.
I personally can see that by providing this free and user-friendly API to stores online, the development rate of the crypto-based online retail market will only continue to be boosted and expanded. And above this, the Korona platform will include a completely new and fully integrated e-commerce market platform; this is called the Korona market. The users of this market will be able to find a huge range of products and services from third-party websites that historically otherwise would not accept cryptocurrency payments. Included in this exciting market platform with being a fully incorporated and automated drop shipping system, allowing manufacturers and wholesalers to manage the actual and real-time transfer of goods sold and purchased. This system of drop shipping, combined with the payment management scheme offered within the Korona protocol means that buyers will be able to use Korona tokens to buy a wide and valuable range of products and services. The platform is clever in the sense that it also has the scope to allow merchants to be provided with receivables in fiat money in case they do not wish to accept tokens and all of this without involving any third parties.
For any cryptocurrency enthusiast, who will appreciate the facts that not only is the Korona ecosystem allowing simple e-commerce possibilities for local SME’s but that it is offering simple e-commerce services for local citizens, something which is often overlooked in the huge, fast-paced growing world of cryptocurrency. The Korona protocol is also creating a way towards international markets for both small and larger business, even for those that are classed as start-ups. Korona is able to assist and improve the fortunes of these previously overlooked factions of the digital hypermarket. Korona consists of a team of IT professionals employed for their presence and ability to maintain and scale a profitable online presence, all of whom are available to assist local and medium-sized business users to be able to compete on a larger scale. Korona will also be able to provide the ability to find better and less expensive goods at an international level, eliminating the hidden costs of multinational company networks and positively providing both large and small companies with the huge benefits a decentralized, cryptocurrency based low fee marketplace can provide.
The Korona marketplace is full of benefits and improvements in my eyes. The protocol will bring extra value for users with a price-comparing feature, something that is extremely useful in the fast-paced and ever-expanding global cryptoverse. By allowing users to be able to locate and acquire products cheaper, and then be able to order them within the drop shipping feature provided by the Korona protocol, is something that will not be appealing. With the price comparison feature is fully integrated into the core of the decentralized marketplace, it will mean that this feature is virtually impossible to manipulate. The final decision will always rest with the customer, however, making Korona an extremely fair and transparent protocol.
I am extremely pleased to see that Korona token holders will be able to stock and use their tokens for affecting transactions, and the purchasing of products and services on a regular basis. This in four ways has many benefits – 1) reduced transaction costs – immediately appealing to all marketing or purchasing wise, 2) Additionally reduced prices – the reduction of consumer prices and this information will be passed to Korona token users via smart apps, either mobile wise or internet based, 3)Free token rewards – of course, token users reap the benefits of free token rewards, with the system guaranteeing 50% of the post ICO distributed tokens being allocated for free for Korona users, 4) Fraud protection – the protection of all Korona clients from frauds, using the best blockchain and cryptocurrency technology.
All of these operations will be covered under Korona’s lightning based solution protocol, and this will be available by both e-commerce and Smartphone payments. Wallets have been created, which are readily available, and are downloadable, ready to use or receive or spend tokens. The Smartphone wallet management system that is available is second to none, and as previously stated, lightning fast. Payments are quickly processed via a QR code next to the cashier, and to provide the highest possible transparency, the protocol will provide users with the actual exchange rate and transaction details both in local fiat and Korona tokens.
For me, the fact that this ecosystem provided instant payments, scalability, low cost and cross blockchains, thus meaning that Korona Ecosystem is equipped with the best available transfer technology means that this system is readily able to be a huge and valuable success within the cryptoverse.