Nexty is a Fin Tech Eco-system, it is a platform based on block chain technology designed to help e-commerce start ups raise funds from the community. Nexty not only provides an Eco- system supporting growth and networking n e-commerce, it also provides an advanced new generation international payment system that aims at delivering; instant transactions, zero fees, simplified process and security.
Key applications of Nexty
· Supporting start ups
Nexty appreciates the role of innovators, entrepreneurs and start-ups. As such it aims at supporting great ideas and complete products developers lacking funds to grow their projects.
How does it achieve this?
Nexty invests in promising ideas and start-ups by providing an efficient platform to raise funds through the ICO, strategy advice and support communications. In return, it receives an agreed percentage of shares from the start up.
Consequently, once an ICO is created on the Nexty platform, prospective investors will purchase tokens via PNTY creating growth potential and boosting the value of NTY (Nexty's main crypto currency)
A significant advantage of this directive is that all start-ups under Nexty form an efficient ecosystem. This provides a stable basis for stable growth of businesses within the system.
· Simplified daily transactions
Nexty provides a solid, reliable and efficient payment system for daily transactions and payments ranging from shopping, rent payments to making contractual payments.
One can make payments for all these activities through Nexty's account by simply scanning a QR code using your smart phone. This also applies in a case where the parties involved are making a contractual payment like rent for a specified time period.
· Supports online payment methods and traditional payment methods.
Through collaborative efforts with firms within its ecosystem like Eco bank, Nexty platform users can access a master card to support other online payment transactions and traditional payment methods like the use of credit cards. As such Nexty account holders can easily make purchases using apps such as; Apple pay, Google Tez and Samsung pay.
· Easy transactions between firms within the ecosystem
Nexty provides a platform where different businesses within the system can easily transact and exchange information to boost the growth of each business.
Here is an example;
Kenzie is a business man who deals in luxury goods. He is in a contract with Lux Company, a company that mainly deals in importing luxury commodities. Suppose at a certain time within the specified contract time Lux Company runs low on funding and it is unable to deliver its end of the contract to Kenzie. The company which is a member of Nexty ecosystem opt to take out a loan from Eco bank, which is also a member of the system in order to supply the contract requirements.
Since these three parties are all members of the system, Eco bank is able to verify that the contract is valid and therefore the loan approval process will be made fast and easier.
· Guaranteed Convenience and Security
Nexty payment transaction process is instant and has zero charges. The advantage of this payment method is that unlike most crypto currencies, Nexty has managed to maintain instant operations at minimal cost despite the number of users signing up into the system.
To guarantee safety and security of your online account, the system has developed a dual crypto-currency confirmation system, the system includes two types of crypto-currencies operating in parallel.
NTY is the main cryptocurrency used in daily operations and transactions. NTF is mainly used in transaction confirmation systems. The transaction confirmation system is advanced and up to bit, it is built on a network system with a specified criteria to meet operational requirements.
On That Note
Nexty seeks to not only invest in overcoming the challenges of traditional payment methods and online payment methods but also focuses on fine tuning the capabilities and merits of the modern crypto-currency systems. It has managed to come up with a suitable, reliable, efficient system that forms a stable foundation for operating businesses and start-ups.