Four Reasons why Nexty is the Future of Digital Payment and E-commerce Services
Lately, the crypto eco-sphere is filled with more hype than actual products. It is quite difficult for investors to make the right choice on projects to invest in because most of these projects do not solve real-life problems. Blockchain technology and cryptocurrency have gotten a lot of attention from various industries but nevertheless, even in the field of e-commerce where the technology is thriving, it is still hampered with technical issues.
Due to scalability issues, at a time transacting via BTC was more expensive than even traditional banking system. I remember having to pay as much as 20 dollars to process a transaction on the bitcoin blockchain only for it to take almost everlasting for the transaction to get processed. Issues such as this led crypto enthusiast to start utilizing the ethereum network and other less expensive cryptocurrencies for transactions but as the number of users grows so does the difficulty of processing transaction increase. These issues have really hampered the integration of blockchain technology into real-time payments, fintech and e-commerce services. The need for a resolution to this issue led to the conceptualization of the Nexty platform. Nexty is a platform developed to facelift E-commerce services with superior transactions speed, zero transaction fee, and scalability. The following reasons should go along way to encourage crypto enthusiast to look out for the Nexty platform.
1. Nexty platform proposes superior transaction characteristics via its native currency NTY. Having to transact with zero cost of transaction and instantaneous confirmation of transaction can really disrupt the e-commerce industry and with more and more retailers and businesses using the Nexty blockchain for transactions, the market potential of NTY is definitely immense. The table below shows the supremacy of NTY over notable cryptocurrencies. It is also important to point out that asides from being superior to most of the currencies as a payment solution, NTY is also a cheaper alternative.
2. The Nexty platform has features that encourage price stability. Transaction confirmation on the Nexty platform is via a second currency NTF and NTF can only be acquired via staking NTY. Now, this encourages holders of NTY to embrace the long-term values of the NTY because staking NTY gives NTF which guarantees monthly returns in the form of NTY and also gives license to mining of the NTY. This mechanism has really guaranteed price stability of the NTY and is evident in the performance of NTY on exchange since its listing on idax where it's currently trading against BTC and ethereum
3. The Nexty platform is from an experienced team which has delivered so far on their promises and are gradually actualizing the roadmap of the project.
Roadmap
4. The nexty platform seeks to create an ecosystem for consumers, merchants and also banking system. Aside from transaction issues the e-commerce industry is plagued with issues regarding loans. It can be quite difficult securing loans for execution of businesses in our traditional banking system but with Nexty partnership with eco-banks and other partnership still on the way, participants on the Nexty platform can secure loans for execution of viable businesses on the Nexty ecosystem. Nexty is also looking at incorporation with other e-commerce platforms namely Magento, woocommerce, Presta, opencart and Shopify and this has the tendency to increase the demand for the NTY tokens immensely.
Conclusion
Does nexty solve a problem? Has the Nexty platform been able to leave up to its potential so far?. The answer to these questions is definitely yes. Nexty provides a solution to scalability, transaction speed, and cost via the implementation of its dual cryptocurrency system which proposes NTF as its transaction confirmation system. So far the Nexty platform can already boast of a fully functional wallet with multi-compatibility for Android and IOS users. The potentials of the Nexty platform is definitely immense and NTY will definitely be one of the cryptocurrencies to look out for in 2019 and beyond.
For more information on the Nexty platform check out the following channels
Website: https://www.nexty.io/
Twitter: https://twitter.com/nextyio
Authors details
BTT name: Mrsparks
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