AMEPAY: Demistifying online payment using blockchain technology
The world is going cashless and the rate at which people pay for goods and services using paper money is reducing. With numerous payment options available today, people can easily pay both online and offline conveniently from thousands of payment gateways available today. Most of the traditional banks and other financial establishments now have a mobile app and sort code that are directly linked to their customer's financial accounts which make them access payment without the need of giving out bulky paper money.
With the increasing rate at which people now use digital currencies to pay for goods and services, AMEPAY has realized the need for groups and individual to have an easy, reliable, affordable and secure way through which payment can be made either in fiat and crypto through thousands of merchants and e-commerce store available today in the world. AMEPAY is not a project that just suddenly dropped from a thin air but the idea to create a blockchain-based payment gateway has been as a result of a long time thaught for a need to improve financial transaction from the traditional form of payment to a fair and decentralized system which makes both the merchants and the customers directly in control of their financial transactions and other financial statements that can be difficult to obtain from traditional payment gateway.
)Thanks to the blockchain technology, that has made it possible to be able to create and save data on the network in a more transparent way without hidden any information both from the users and the developers. AMEPAY is stream-off from the AMEPOS, a company known for manufacturing and operating financial transactions using POS (point of sales). This is a registered business with a group of multidisciplinary, talented experts with a lot of experience in accounting, finance, and project management. On AMEPAY , everyone is shareholder and there are unlimited numbers of opportunity waiting for everyone.
The key beneficiaries are consumers who are insulated from the danger of online malicious purchases. AMEPAY wants its consumers worldwide to become a favourite payments choice. Via an in-built loyalty scheme, AMEPAY would excite consumers to use the AME token and receive process incentives. AMEPAY would enable SMEs to integrate their company, grow their business internationally, and become one of the cryptocurrency communities. The AMEPAY platform would also be accessible as Software as a service (SaaS). Stakeholders may seek a permission to incorporate AMEPAY with their payment processor. External payment aggregators will therefore receive consistent returns in incentives by merely incorporating the AMEPAY system into their network.
The key beneficiaries are consumers who are insulated from the danger of online malicious purchases. AMEPAY wants its consumers worldwide to become a favourite payments choice. Via an in-built loyalty scheme, AMEPAY would excite consumers to use the AME token and receive process incentives. AMEPAY would enable SMEs to integrate their company, grow their business internationally, and become one of the cryptocurrency communities. The AMEPAY platform would also be accessible as Software as a service (SaaS). Stakeholders may seek a permission to incorporate AMEPAY with their payment processor. External payment aggregators will therefore receive consistent returns in incentives by merely incorporating the AMEPAY system into their network.
AMEPAY will be built on Ethereum blockchain technology and uses ERC-20 protocol for token deployment. With help of this technology, information in form of data which include; financial records and KYC information of both merchant and customers are stored safely. Also through the creation of smart contract, assets are tokenized.
AMEPAY does not work in isolation. The system consists of the key components which make up the whole AMEPAY
1. Cryptocurrency: This is required as the major utility token of the platform. The AMEPAY will make use of the AME token which is the ERC-20 compliance token. This token will be the primary means of payment and transfer of funds within the ecosystem. AME token will also be given as an incentive to the customers and merchant that makes a transaction on the platform.
2. Wallet: This will serve as the house in which all other components are integrated. It is a digital wallet that is currently available for download on Google and Apple play store. The decentralized wallet which supports both crypto and fiat currencies allow the user to store their private and public keys securely. The wallet will also allow users to manage their accounts with the tools provided. (
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AME Token Informations
AME which is the official token of the AMEPAY is an Ethereum based token. The total token supply is 1.5 billion out of which 42% (630 million) will be offer for sales at a price of $0.02 for 1 AME token. The accepted payment processor to make contributions by investors are BTC, ETH and XRP. Further information regarding the token sales can be gotten from website or some of the social links listed below this article.
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2. Wallet: This will serve as the house in which all other components are integrated. It is a digital wallet that is currently available for download on Google and Apple play store. The decentralized wallet which supports both crypto and fiat currencies allow the user to store their private and public keys securely. The wallet will also allow users to manage their accounts with the tools provided.
)3. Payment gateway: This is a special component that provides a gateway payment. The AMEPAY digital payment system is another key component. Merchants will use this service to automate their shop and allow electronic payment. A selection of licensed cryptographs and fiat money would be enabled. POS aid would be included in the deal, whereby AMEPAY offers POS hardware and software solutions for SMEs.
)Amid fear created many projects that have not meet the expectation of the investors, it is no longer news that there exist some blockchain based project that are backed up by proven business and already existing products. AMEPAY is one of the promising blockchain based project. Not because they already have existing business because they are very committed and dedicated in achieving their goal to become one of the world leading online payment providers, both for individuals and for merchants. Day by day, AMEPAY communities are growing with rapid interest from people throughout the world in becoming investors and early adopter of this fascinating project. There is no doubt that this will be a successful project and I strongly recommend AMEPAY to all crypto investors and corporate bodies.