NuPay: Redefining payments systems through the adoption of cryptocurrency

chikky08 (46)in #blockchain • 5 years ago

Introduction

Technological advancements are soaring at unprecedented rates. The era of digitisation has taken its toll on virtually every aspect of human life one could possibly this of; most recently our finance system. The predominantly practised fiat money system is saddled with numerous loopholes, most notably the effect of government policies on it's value . This is quite contradictory to the actual representation of "monetary assets".

This birthed a desire to break free from centralised, government controlled fiat currencies to a new system which will finally place holders in full control of their assets.
About a decade ago, the first cryptocurrency/ digital asset, Bitcoin was invented by Satoshi Nakamoto. Although, it didn't exactly get the expected debut one might have pictured at inception, it's progress over the years has lead to the introduction of thousands of other coins and tokens which exist today .

Having attained the goal of a decentralised currency, the next major step is to ensure mass cryptocurrency adoption. This can only be feasible if cryptocurrencies can be seamlessly used as a medium of exchange for goods and services across retail stores, and in our everyday transactions. This is the ultimate long term goal of every crypto enthusiast and industry participant, and with NuPay, it appears just within sight !.

NuPay: The all-inclusive cryptocurrency payment platform

NuPay is an all-in-one blockchain based payment platform that allows users pay for items with cryptocurrencies. NuPay is built to mitigate the effect of high transaction fees which is prevalent in the industry through the elimination of intermediaries and third parties that incur these costs, thereby allowing users and merchants transact directly in the fairest possible conditions.

NuPay will permit users to purchase goods through their preferred means by providing a wide range of payment options ranging from cryptocurrencies to vouchers, loyalty points, gift cards etc.

NuPay's incentivized ecosystem and reward model will encourage new and existing users to actively and constantly patronise the platform, as they are rewarded with 2℅ of their total purchasing amount in TPCT (the platform's native token).

Merchants on NuPay can enjoy the rare privilege of establishing communication and trust with their customers, as well as 100% proceeds from sales, thanks to the absence of intermediaries. The merchants will also be on the benefiting end of the NuPay reward system, as it will facilitate increased sales.

One standout feature of NuPay is it's support for diverse cryptocurrencies which includes BTC, ETH, XRP, LTC etc with the intention of adding more on demand. This is in stark contrast to existing competitors who enforce the use of only their native tokens for transactions on their platforms. This level of flexibility offered by NuPay is definitely one for the books !.

Another striking feature worthy of mention is the NuPay scan. Similar to etherscan and blockchain explorer, NuPay scan can be used to scan transactions between NuPay blockchains . This tool proves vital in transaction validation and extraction of transaction data.

Final Thoughts

NuPay is a revolutionary project poised to spread the branches of digital assets by allowing us to purchase goods and services using cryptocurrencies . Whether you're a customer, a merchant or a mere crypto savvy individual, it's a win situation with NuPay. It is indeed time to embrace digital assets and allow them take their rightful place in our everyday transactions.