Businesses are continually ready to sell intangible products, for example, information at a little fee. Micropayment in this case is extremely useful particularly when one needs to make one-time payments to multiple sellers. Micropayments permit the making of minimal effort arranges instead of publicizing based models. The idea behind this is users approach just those services and that they need or need and the salary from these micropayments would enhance the ad pay and suppliers can concentrate more on content. Aside from filling in as an income wellspring of pay for content suppliers, micropayments can likewise be utilized for different projects, for example, charging for services that are proxy and database queries. This sort of payment is quick, flexible, an elective payment alternative to consumers and they take into account the acquisition of low valued intangible goods.
Micropayment system takes into consideration less online transfers of payments by dispensing with third parties which makes the system progressively secure just as brings benefits for online retailers and lessens the odds of theft and maltreatment by users. Money related transactions are additionally led with a level of anonymity.
Businesses can sell more measures of low valued goods to their consumers just as breakdown products so as to engage a more extensive crowd. Businesses can likewise create loyalty programs where consumers are remunerated for buys they make and this interprets for more benefits for suppliers. Micropayments additionally lessen exchange fees for businesses and the system is effectively expandable to oblige new products and services at whatever point the need emerges.
Citios has a built in crypto token R2R for point-to-point micropayments, high speeds, and zero transactions fee.
Types of Micropayments Models
Prepay Model
The prepay model regularly is a subscription model that permits users access for a recommended timeframe or measure of use. Instances of such subscriptions resemble paper subscriptions, digital TV, online games and internet based life locales. At present, the prepaid model is the biggest micropayment model utilized by consumers and content suppliers.
Collaborative Model
The cooperation model includes interfacing multiple destinations together and this is the best serviceable solution for online distributers. Much of the time, an online distributer doesn't have adequate readership volume to make benefits out of the micropayment system. The main benefit of this is online distributers could get extra pay for composed content.
Postpay Model
With the postpay model, a few micropayments are included and charged after they happen. At the point when organizations began charging consumers for online content and products, they needed to think of a protected method for handling micropayments and summarizing micropayments together after some time is the best approach to do it. The most widely recognized of these are online music sales which are charged after a few individual melodies are obtained. This model removes payment that are upfront in the prepay model and decrease of high exchange fees by joining various little purchase into one huge one.
FEATURES OF CITIOS ARE:
1: Blockchain services: Each user possesses his own unique ID which enables traceability.
2: Autonomous IoT : Using the MESH function IoT devices communicate directly with each other and also perform other functions without relying on a central server.
3: Edge computing with embedded AI chip
For more information about the project click the links below:
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Facebook URL: https://www.facebook.com/citios.io/
Web Link: https://www.citios.io
Reddit: https://www.reddit.com/r/CitiOS/
Written By: chacha1000
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