How Nexty Will Change the Ecommerce World Forever

in #cryptocurrency6 years ago (edited)

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The times when investors could wave away from cryptocurrency like some kind of unrealistic hype are long behind us. Crypto has now captured the attention all international markets. Apparently, the appeal of digital currency using cutting-edge encryption technique to regulate the system operation and validate your fund transfers is considerable and obvious, which is why even skeptics like Wall Street wolves are now interested. And whether you’ve invested in Bitcoin or Ethereum or any other blockchain project, it’s undeniable that cryptocurrencies are setting the stage for a significant shift in the way our financial systems operate, especially e-Commerce platforms, making us wonder:

With its tremendous influence on conventional financial systems, how will crypto end up impacting online sellers, merchants, and their stores?

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The answer to that question is Nexty - because the most effective way of crypto mass integration inevitably means an entirely new type of marketplace will have to emerge. And among the cryptocurrencies out there, only the significant features of this Fintech ecosystem which is dedicated to e-Commerce platforms and innovative technology firms, could do: Zero-fee transfer, Instant transfer and Price Stabilization System apart from other typical attributes of every cryptocurrency like high security and transparency.

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1. Zero-fee transfer:

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For starters, online retailers won’t have to deal with ridiculous intermediate fees common among traditional marketplaces like Etsy and eBay or the relatively high network fee of popular choice like Ethereum or NEM. With the adoption of zero-fee transfer from Nexty which focuses on cryptocurrencies as a main form of payment, merchants will be able to leverage that into vast savings.

2. Instant transfer:

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The advantage of conventional payment methods like MasterCard or Visa is its swift transactions while most cryptocurrencies cannot achieve that capability yet, except for Nexty. NTY coins can be transferred within 2 seconds, which would surely satisfy any e-Commerce customers.

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3. Price Stabilization System.

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Instability is a concerning issue for vendors. If a shopper goes to your site and buy an earphone in April with ETH or NEO only to realize he could have had two for the same number of coins in May, he would be understandably upset and give up on cryptocurrency as a payment medium.

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From the opposite angle, if an e-Commerce site accepts Bitcoin as payment and store it from the year start till now, their revenue would be cut in half by now. And that should not necessarily be the matter. In fact, payment methods must only be the medium, not the problem for merchants whose primary focus should on the business of selling products, not on speculating cryptocurrencies’ values

And Nexty’s Price Stabilization System satisfies both. It is financial policy to maintain the price at some certain level according to the development plan, which is operated by economic experts in the first year and then managed by an automated and decentralized system in the following years.

4. Other typical attributes

Of course, the Nexty platform has other typical attributes just like other networks: every transaction is available for tracing and integrity is maintained.

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Regarding the codes, for now, it’s still partially open due to security and business privacies as well as their strategies. Yet from this August, it would be fully open to anyone, which is why you should not miss it before that time.

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Hence, they are planning to release the update on being listed on a giant exchange in this June.
In sum, the Nexty project has a comprehensive set of qualifications to set up a revolution in the e-Commerce industry.

Read more about Nexty here:

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Author: falana332 - https://bitcointalk.org/index.php?action=profile;u=1963997

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are we saying that we will all end up using nesty instead of credit cards online for ecommerce transactions?

i am sure the strategy is to integrate with ecommerce sites. but the difficulty in pushing a singular payment platform is very difficult. too many cooks want to spoil that broth!

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