Bonpay token sale-What you need to know
Bonpay token will go on sale soon in October. What makes this crypto unique? The Bonpay is the first crypto-oriented payment system that promises to provide fiat currency like convenience to crypto users.
The Bonpay solution is already up and running, this is particularly important since many crypto projects offer ambitious plans without delivering. This is such a confidence boost to potential investors. Bonpay had made some offerings before but made it ineffective due to high fees. But this time around bonpay team offers free wallet with no fees or meagre fee in order to avail some extra benefits from account.
Bonpay can be used as an app on phone and will issue card that will store Bitcoin, Ethereum and Litecoin to verified users. It can be used just like credit or debit cards.
Bonpay has ability to transfer and exchange funds in 125+ currencies. Currency you prefer can be loaded onto the card, the good part is its more like a conventional wallet where the these funds are kept separate and you can change them to crypto of your choice as per your needs. Bonpay also offers the ability to buy digital currency with Paypal, which at the moment is a terrible hassle on p2p exchanges.
Well we incur lot of fees on crypto transactions, bonpay aims to eliminate that and claim that they use a technology called DLN (Decentralised Liquidity Network) where bonpay charge not even a single penny.
According to bonpay
“DLN is a flexible mechanism which uses the available resources of its network. With its help, users will be able to exchange or purchase a currency of their choice without giving a thought about the underlying mechanism. Another step towards the aim of usability is the transparent rates system. This feature will be realized by the DLN implementation and will let users escape rapid exchange movements, avoid hidden conversion fees and execute future transfers reasonably. Any fees charged during the transaction will be paid directly to DLN participants, with Bonpay charging not even a single penny.”
Any exchange or rich individual can become a DLN participant by entering into a smart contract that enables them to safely cooperate rather than compete each other thus provide more liquidity to users.
Personally what I see in bonpay
The mobile payment industry is projected to grow from 1 trillion $ in 2019 to whopping 3 trillion $ in 2022, that's such a huge growth in few years as per research from Statista
.The two most populated countries in the world China and India is moving towards electronic transactions. With the increase in economic development in these countries, the demand for effective mobile solutions is going to skyrocket as users are trying different electronic transactions.
It would be wise to invest in such an ICO as it taps right into current market potential with China and India having more people interested crypto currency-Zebpay wallet, BTCXindia etc are some examples of this interest.
Here is the
Bonpay Whitepaper
And
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