Technology has led to a host of financial and commercial services on the internet but nevertheless, the influence of offline commercial retailing remains assertive on the financial economy. Regardless of the growing number of Fintech startups and E-commerce outlet, offline physical store still represent a large chunk of global sales and this over-reliance on physical store for payments and commercial services can easily be attributed to issues with the obtainable online payment gateways which include high cost of exchange of currency, lack of verification channels, poor legacy/reward system, centralization, geographical limitation e.t.c. The Advent of cryptocurrency has proposed a rather more efficient means of rendering E-commerce services powered by the blockchain but nevertheless, most cryptocurrency payment projects have failed in delivering reliable services to facilitate the adoption of cryptocurrencies as a steady means of payment in both online and offline retail/commercial environment.
Introducing NUPay
NUPay is a platform which seeks to harness the efficacy of the retail market by connecting merchants, stores and users together via an infrastructure which will both encourage the usage of cryptocurrency payment options and serve as a profit-sharing venue for all pall participants involved in transactions. Adoption of cryptocurrency is growing even with the decline of the market valuation, organizations and governments of the world are gradually implementing blockchain infrastructure or utilizing the currency to boost payment performance. NUPay seeks to serve as that much needed one-stop financial solution that will not just offer cryptocurrency payment but also create an easy gateway to spend diverse payment options namely: gift cards, vouchers, reward points e.t.c for payment for goods and services across numerous online and offline outlets via both direct and indirect partnership.
Core Deatures of Nupay
- NUPay seeks to make its payment services readily available by Web platform and Apps which will ensure that every user of the internet can access and utilize payment services on the go. The Apps will also be incorporated with a QR reader and barcode scanners so as to serve the needs of different level of users on the platform. NUPay card is also another consumer convenience service that is being considered for implementation on the platform.
- The NUPay Payment platform is designed to facilitate the use of cryptocurrencies such as the native currency TPCT, BTC, ETH, and XRP as well fiat currency, reward points and gift cards for payments in both online and offline outlets. The platform is also designed to encourage interaction between merchants and users, boost outreach and reputation of merchants via customer management services. Merchants and businesses on the platform can accept payment from users (customers) in cryptocurrency or other payment options and get it converted into fiat currency seamlessly. Users are not left out; a 2% reward of the amount spent (regardless of the payment option selected) on the platform is given back to Users of the platform in the form of TPCT token.
- The NUPay blockchain structure will be responsible for the storage of all payment related information, hereby ensuring verifiability of records compared to what is obtainable in traditional payment processors. The NUpay blockchain structure is also tailor-made to facilitate precise, cost-effective and secured transactions on the platform.
- TPCT serves as the fuel of the NUPay platform and it gains utility as a means of payment for goods and services with minimal transaction fee and easy transition into fiat currency, instant cashback/reward for using retail services on the platform and lastly a requirement to use NUPay Services. Unlike other Cryptopayment platforms, NUPay has secured numerous partnerships for its platform and this will ensure the usability and demand for TPCT. TPCT will initially be issued as an erc-20 token with a maximum supply of 2.5 billion units for the purpose of the initial coin offering (ICO) then later swapped for its equivalent on the NUPay blockchain. The Initial coin offering is currently ongoing and scheduled to end with a public sale slated to start on the 4th of March 2019 and end on the 31st of May 2019. The Public Sale price is pegged at 25000 TPCT for 1 ETH although other cryptocurrencies such as bitcoin and ripple will also be accepted.
Conclusion
NUPay is a remarkable initiative that can greatly increase the usage of cryptocurrency as a means of payment worldwide due to the broad spectrum of commercial outlets, merchants and partnership the platform already boast of and is ready to partner within the nearest future in order to provide one of a kind finance/ commercial service for all level of users within the ecosystem. NUPay will definitely be a name to reckon with in the E-commerce industry in the nearest future.
To learn more about Nupay check out the following channels :
NUPay Website: http://nupaymentalliance.com/
Ico website: http://tpct.io/
Whitepaper:http://tpct.io/filedownload.php?lang=en
Facebook: https://www.facebook.com/NUPayKorea/
Instagram: https://www.instagram.com/nupayment/
Twitter: https://twitter.com/nupayteam
Medium: https://medium.com/nupay
Telegram: https://t.me/NUPayCommunity
Authors details:
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