Technology in literal sense means a body or embodiment of knowledge which has been basically devoted towards the creation of tools as well as processing of actions coupled also with the extraction of materials. It can also be defined as the basic application of the knowledge of science inorder to solve problems. Ever since the concept of technology was created it has brought about long lasting benefits to those who embraced it. It was first used to simplify or make easy our daily or day to day activities and it produced outstanding results and as such, it has now been applied in almost all aspect of life where it is bringing about the desired effects as well as yielding positive results. But in this context, emphasis are laid on the positive impacts of the concept of technology in the way we transact.
Revolutionary changes brought about by technology is felt in all fields of life but in this context we concentrate more on its application to transaction processes and it's reported outcome. As far back as the time when commerce was done in the barter system, transaction processes has progressively evolved from the use of cowries, coins, silver, gold etc as means of payment to the use of fiat cash and now technology has set it's course to take it beyond the fiat means to the digital form of transaction. Fiat cash involves the use of physical currency to pay for services rendered while digital currency involves the use of cryptographical forms of money known as cryptocurrencies to carry out transactions. Thus technology wants to phase out the traditional means of holding or feeling money to a more modernised means of paying for services without going to the bank or carrying cash but on a peer to peer basis online through the use of smart gadgets.
Cryptocurrency was first introduced in 2009 but it faced many forms of criticism due to the fact that it was yet to be duely acknowledged by the global market because it sounds strange then ordering for services or products and telling the service provider that u will pay using cryptocurrency. But with technology, cryptocurrency has now broken to limelight due to the fact that it is now linked to many service providing platforms from e-commerce, health, car dealership amongst others thus the term cryptocurrency do no longer sound funny or strange even in recent times, some service providers prefers to be paid in cryptocurrency.
But however certain platforms built on blockchain technology system which is the back bone of the creation of the cryptocurrency only allow the use of cryptocurrency as a means of payment online with the use of gadgets thus without the use of gadgets, you cannot use your crypto asset to pay for services and this is where the NUPAY platform comes in to enhance the use of cryptocurrency for the payment of services as well as products both online and offline ( i.e either with the use of gadgets or not).
NUPAY PLATFORM;
NUPay platform is a platform that aimlessly wants to present to it's users the privilege to use their crypto assets to carry out transactions both online or offline that is either with the use of gadgets or not while still connecting them (users) and the borderless retail market by setting up a more reliable as well as underlying infrastructure which will permit a natural transition or adaptation to a daily form of crypto payments. The NUPay project aims to establish a profit making platform onboard the blockchain technology system to enhance proper security and in the same process supporting both online as well as offline merchants and stores who are willing to accept cryptocurrency as form of payment for services. And all these they tend to make possible through the launch of their NUPay wallet and NUPay card.
PROBLEM FACING THE CURRENT PAYMENT SYSTEM.
The current payment system has stood the test of time by phasing out the traditional means of payment until cryptocurrency came though at first it seamed perfect without any flaws but time and futher progression exposed the flaws which was hidden deep down. Certain cryptocurrency exchange system which aids or facilitates trading of cryptocurrency have conversion fees which was hidden from the general public also certain platforms do not really have any model to facilitate cryptocurrency exchange without any gadget (offline). Also they find it difficult getting or reaching out to partners who can really see more sense in the projects.
SOLUTION PROPOSED BY NUPAY.
The NUPay platform will handle the above stated issues by playing a very vital role in connecting users directly to merchants which will serve as a very solid backbone for the stipulated NUPay project. Also the platform will go into partnership with both online as well as offline stores throughout the whole of korea inorder to provide a full scalable TPCT token which will play the major role of a real currency. NUPay will permit it's users to carry out an easy as well as cost effective cryptocurrency, voucher and transaction in the same manner and process a credit card or fiat cash is been used.
THE TPCT TOKEN
This is the token that will be used by the NUPAY platform. It will be developed using the ethereum network system to fufill all standards of an ERC-20 token with a total issued supply of 2,500,000,000.
TO KNOW MORE ABOUT THE NUPAY PLATFORM
Join the Telegram Group: https://t.me/NUPay_English_Comm
Medium: https://medium.com/nupay
Follow on Twitter: https://twitter.com/NUPayTeam
Website: http://nupaymentalliance.com/
Whitepaper: http://tpct.io/filedownload_white.php?lang=en
ANN Thread: https://bitcointalk.org/index.php?topic=5097440.0
Writer's Bitcointalk Username: Musekay
Writer's Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2070957