What is EROSCOIN?
Decentralized payment gateways work by acting as an uninterrupted way of converting and sending currency. Senders and receivers have the opportunity to make transactions in whichever currency that are preferable to them. As expected, in the middle and end points of the transaction, fiat and cryptocurrencies are involved. So for example, if I decide to send Bitcoin, the receiver may choose to withdraw it in their local fiat currency, say the dollar.
There are still a number of challenges to be overcome to achieve the end goal, mass-adoption. These include the acceptance of different currencies, currency-splitting, and ease of use. Startups are therefore striving for continuous innovation in order to elevate the payment transfer customer experience.
The above now brings into play EROSCOIN, a decentralized, multi-currency, peer-to-peer payment gateway that provides payment transfers that are both more efficient and safe. A year in, the EROSCOIN team has managed to introduce an innovative and convenient product for a harmonious end-to-end cross-border money transfer that supports all cryptocurrencies. Moreover, they have a solution for currency splitting.
Features OF EROSCOIN
For daily use, Eros Coin boasts of two features: EROSPAY Wallet and Eros Micro-payment.
The EROSPAY Wallet is a mobile application built on an open-source, public block-chain and it complies with all the ERC20 principles. It is compatible for both Android and iOS devices.
The features that it has include peer-to-peer communication, In-chat instant payment, and one-touch payments. With an easy to use interface, the application has great potential for mass adoption. Additionally, EROSPAY Wallet provides secure backup phrase protection and remote accessibility. Eros micro-payment is a feature in the Wallet that unlike the others, facilitates the sending of very small amounts of money.
The Eros Pay Wallet is convenient to use and makes for smoother money transactions. It also boasts a one-step access option while having an integrated two-factor authentication system.
As for e-commerce use, Eros Coin has services tailored specifically for this sector in order to enable everyday exchanges. Retailers will benefit from services like the Merchant panel as well as payment and invoicing management. Most assuredly, the feature in EROSCOIN provides advance invoicing tools to vendors to bill clients, send direct invoices and check their invoice status.
ICO
The EROSCOIN foundation is working towards bringing block-chain based payment transfers to a wide range of sectors, including supply chain management and product management. This will happen by providing an easy-to-use product that supports almost every currency imaginable and then placing it in the hands of the people.
For the soon to happen Initial Coin Offering (ICO) of the ERO token, only 120 million coins are available for the 240 million market cap set by the EROSCOIN team. The funds raised will be split. Half will go towards research and development while the rest will be divided between business expenses like marketing, legal work, operational work and bounty programmes. The ICO period will start in about a week (11th Oct 2017) and end on 15th November 2017.
All who are interested in being at the forefront of technology should thus familiarise themselves with EROSCOIN, the next generation block-chain based global payment solution.