Additional Use Cases of Amepay

chuksmy (48)in #ame • 5 years ago (edited)

Introduction

Amepay project aims to deliver quality and secure financial and payment solutions. With the incorporation of blockchain and cryptocurrency in its functionalities, they can proffer lasting and reliable payment options for its users in varied dimensions. We have seen different ways of how we can use the Amepay network and its services. This article contains more detailed and comprehensive information on how users can enjoy the benefits of the Amepay platform.

Crypto-to-fiat Transactions

Establishing a platform that allows users to send their monies and make payments with varied options is one of the visions of Amepay. As the network has adopted the use of cryptocurrency, it creates a platform for users to perform transactions using these digital assets. Specifically, the Amepay project developed its cryptocurrency, the AME token, to serve as means of payments, with other popular assets such as Bitcoin and Ethereum. This feature of Amepay enables clients to engage in diverse and expanding businesses and boost the economy.

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Through the availability and provision of varied crypto-fiat options on the platform, Amepay guarantees and supports its users' business plans to initiate and execute crypto-based transactions. The use of digital assets on the Amepay platform also allows clients to perform cross-border and transnational transactions in a secure, affordable, and timely manner

Remittances

Another important use case of Amepay is in providing a reliable payment solution for foreign workers who intend to send money to their families and relations in their home countries. Immigrants working overseas can conveniently make use of the remittance service on the platform to transfer funds to their bank accounts in their countries. The charge of this service offered by Amepay is relatively low, compared with that of other platforms. Customers are able to save more money by utilizing this network for their remittance transactions.

Inventory and Database Management

The information of users and details of the transactions performed on the Amepay network is secure and safe from the infiltration of cyber hackers and thefts. Clients on the platform can benefit from a high level of recordkeeping and data management from Amepay. This feature enables users to keep an updated track of all transactions performed on the platform, as there are astute management and monitoring of records on the network. Amepay uses blockchain technology to provide transparent recordkeeping and excellent inventory management. This technology ensures that transaction records remain immutable and accessible to users at all times.

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Rewards Program

Another benefit available to users and merchants on the Amepay network is a reward program for transactions and payments performed on the platform. This use is a new innovative idea from the development team of Amepay to offer additional advantages and incentives to encourage users who use their services. Users benefit from this rewards program when they are finalizing a payment or transaction at a merchant’s store using the AME token. This reward comes as a cashback and enables the merchant to accumulate the tokens. They can use these tokens to subsequently access varied goods or services.

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