TEMTUM: Integrating POS Payment System Into Existing Payment Models

akeyboardwarrior (31)in #blockchain • 5 years ago (edited)

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Introduction

The major ambition of this project is to emerge as the best and first cryptocurrency to gain massive global adoption. The team have the strong believe and have ensured that the network has the capacity to fully incorporate with standard, real-world payment systems. The team also in the course of achieving global adoption, developed ways out for point-of-sale (POS) mobile payments, creating a seamless process for consumer retail purchases through existing mobile or even contactless payment networks.

Temtum strongly have much confidences in its ability to provide speed, security and scalability of the network. In conventional economies, this actually will easily encourage users to transact with their TEM by utilizing the block chain tech already in existence, at very low cost and high convenience. This is very much inline with the vision stated above of TEMTUM's agenda to integrate POS into payment models in existence.

What Are The Benefits Of This Integration?

The integration of Temtum with conventional payment system is one of a kind and the first as well. As matter of fact, Temtum should be permitted to have transparent coexistence with other existing currencies in the already existing payment ecosystem.

However, the global adoption of crypto currency can be examined in two ways;

Firstly, how can it used presently?
Secondly, how will it be use in future?

At Present, payment coins don't just gain massive adoption just like that, it is meant to integrate into the existing financial systems. This means that daily transactions and items take place as they appear in the now, with zero basic change to procedures at each level of the retail process.

There protocols and barriers during the time of entry are very much minimal by aiming payments at the source rather than targeting the destination.

Meanwhile the most effective and easiest way to adoption, is to focus on-boarding patent routes and finance institutions rather than focusing on the retailers.

In future, The way Cryptocurrencies is making progress in its stages of developments, proves without doubts that it will emerge the future of payments.

A financial system with Instant, zero fess, trustless and highly protected payments is likely to come to stay through temtum, without the need of any institution positioning itself as a third-party. In the future, there will be greater access to cryptocurrencies and this will eventually be highly beneficial to the future of payments worldwide.

The Temtum Mobile POS Payment Panacea

The team has in their wealth of vision to ensure that users with a Temtum wallet in their possession, can buy with the use of conventional payment networks. This system includes for instance the use of visa for instant transparent transaction, where only a fiat money transaction will be seen by the vendor. Besides all benefits will still be in intact and also available.

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Benefits Associated With The Use Of Temtum For Payments

There are numerous benefits for adopting Temtum as the bedrock channel of payments by customers.

The currency can easily be transferred with zero cost and should also maintain a non-fluctuating values across the crypto sphere.

Users are also entitled to peer-to-peer payments among themselves and it is very much free and carried out instantaneously. It just few seconds when compared to hours or days common with conventional banking system.

The team also intends make the use of Temtum efficient for daily purchases by major retailers, when compared to other Cryptocurrencies. There is also another process where an existing payment system is used for various translations without the need of any kind of adjustments or modifications.

To ensure that there is a widespread usage of TEMTUM's standard POS usage in global economies, It utilizes NFC strength on mobile smart phones to interact with the POS terminals.

Conclusion

In this regards, the merchant has no knowledge of the use of Temtum. They only do have, if they desire to recieve the coin directly into their E-wallet, anyways that's by the way.
However, the process of payments is very quick and easy unlike that of the conventional currencies.