Hi guys. I want to introduce this crypto Bonpay that's currently in ICO stage. They plan to make payments easier using Litecoin, Bitcoin and Ethereum for their customers by issuing a debit card!
Bonpay offers users cards that can increase the convenience of using cryptocurrencies, which might be their biggest selling point. The cards will store Bitcoin, Ethereum and Litecoin, and will be used wherever credit or debit cards are accepted. They can be electronic cards on your phone or you can get a plastic Bonpay card that functions just like a regular debit card.
The Bonpay card had similar offerings before, but these were saddled with problems that made the cards quite inefficient. The first issue was reliability, with many criticisms of the support they offered.
The second problem was with the high fees that came with them. Bonpay is aiming to resolve both problems by offering lower or non-existent fees in most cases. Registering and opening a wallet is free. The company also has big plans for its customer base, so it is not surprising that they are also prioritising the support offered.
In fact, versatility seems to be an area that Bonpay hopes will resonate with the customer. US dollars and euros can be loaded onto the cards, and the funds in your wallet can be kept separate from those on the card. Bonpay also offers the ability to buy digital currency with Paypal, which at the moment is a terrible hassle on p2p exchanges.
Most important, the Bonpay solution is already live. This will go a long way with users and investors, since many crypto projects offer ambitious plans without delivering. The Bonpay solution is already up and running.
Furthermore, the DLN system that the Bonpay team is set to release could bring the platform to the next level of convenience. According to the company,
“DLN is a flexible mechanism which uses the available resources of its network. With its help, users will be able to exchange or purchase a currency of their choice without giving a thought about the underlying mechanism. Another step towards the aim of usability is the transparent rates system. This feature will be realized by the DLN implementation and will let users escape rapid exchange movements, avoid hidden conversion fees and execute future transfers reasonably. Any fees charged during the transaction will be paid directly to DLN participants, with Bonpay charging not even a single penny.”