TURANTPAY PAYMENT SYSTEM

In my previous articles, I talked about the initiatives of XinFin Hybrids Blockchain project where I make mention of MyContract, TradeFinex, Kramaa, Land register, iFactor, XinFin Blockchain Academy and TurantPay. But in this very article, I want to elaborate on TurantPay.

WHAT TURANTPAY IS ALL ABOUT?

TurantPay is a payment facility designed to bring the financial world into total digital ecosystem. It is an infrastructure developed by XinFin to take the world finicial ecosystem from the banking model to unbanked ecosystem.

Hopes everyone understand my point Ok?

Let me explain in a simpler for;

TurantPay is a blockchain based payment system that can allow people to do a digital transaction from peer to peer or sending and receiving cryptocurrencies or other digital assets within themselves without involvement of third party or government.

The TurantPay is not just a payment system but a secured payment gateway and the fastest means to making a payment. TurantPay is a decentralized payment system that does not need approval from any sector nor government before executing a transaction.

The initiation of TurantPay by XinFin is as a result of making the world enjoy unbanked ecosystem and make people across the globe do transaction within themselves even at their comfort zone.

LET ME BRIEF YOU ALL THE PROBLEM TURANTPAY WILL SOLVE

The banking system of making payment is not secure in case you don't know. It runs from a single server of which once that system is down, everything is down. However the case is different with TurantPay because it is a decentralized payment system and no center of focus.

The banking system levied excess charges on every transaction you excute on their system; either you deposit, withdraw or make transfer, you will definite pay the transaction fee because most of the process require third party. The case is otherwise with unbanked TurantPay because it make use of smart contracts to execute a transaction and it does not require high charges before a deal will be executed.

Any transaction that take place within inter-border or from one country to another require high commission in banking payment system, the process is even tedious because it require you submitting necessary documents and feeling of forms. However, all those kind of stress is not needed in TurantPay, individuals can do transactions within themselves without minding the location.

ADVANTAGES OF TURANTPAY

• TurantPay is a decentralized payment system. Users are in position to manage their account and handle the processes by themselves.

• TurantPay is incorporated with smart contracts; this help a transaction to be faster and eliminate third party charges. This means users can do transaction without paying much charges unlike the banking system that executing a transaction attract big charges.

• TurantPay payment system is transparent; the entire parties that involve in a deal can monitor their transacting processes without any manipulation.

• TurantPay also promotes the channel at which we can utilize and spend our possessed cryptocurrencies.

IN SUMMARY OF EVERYTHING ABOUT TURANTPAY

TurantPay is a decentralized payment system that has nothing to do with intermediaries. It is a secured and transparent payment gateway that enables peer to peer transaction anonymously. Users will be able to exchange digital assets within themselves without location barriers and lastly TurantPay attracts lower transaction fees as third party is not involved. This initiative by XinFin will promote the uses of cryptocurrencies across the globe.

This is more like a promotional post, I advise everyone to check this below links for more:

Website: https://xinfin.org/

YouTube: https://www.youtube.com/channel/UCQaL6FixEQ80RJC0B2egX6g

Bitcointalk: https://bitcointalk.org/index.php?topic=1989818.0

Reddit: https://www.reddit.com/r/xinfin/

Medium: https://medium.com/xinfin

Twitter: https://twitter.com/XinFin_Official

Facebook: https://www.facebook.com/XinFinHybridBlockchain/

Github: https://github.com/XinFinorg

Instagram: https://www.linkedin.com/company/xinfin/

Telegram: https://t.me/xinfintalk

Author’s information

Name: Cherry Halford

Email: [email protected]