PAYMENT PORTE

tivere (44)in #finance • 5 years ago

PREAMBLE

Though the blockchain technology is still in its growing phase and some people are yet to accept it's uniqueness and enjoys its immutability, digital assets are here to stay. Its transformation can already be seen in sectors that deemed it fit to tap from its potentials and solve underlying issues currently faced by the world at large. The blockchain has gotten rid of intermediaries when transacting, long wait time, and provided swift deals. Not to forget it's immutable, safe, digitized, modernized, transparent, decentralized service for transactions with proper records, time stamp, date without having to expose the identities of dealers and most importantly without the need of central authority.

Another aspect is that financial transactions are no longer reliant on trust or middlemen as they used to conventionally, before now financial transactions face a lot of downsides which includes; transaction chargeback, bounced check, waiting days to receive wire transfers sent abroad, intermediary agents who charge exorbitant fees to get the job done among so many others. The financial sector is not the only one with issues, electronic commerce, electronic sports, shipping, agriculture, etc. are not left out. With all that said, I'd love to discuss paymentporte with you today, as you know whenever I come across projects with great potentials I'll always share them on my blog for the reading pleasure of my readers.

WHY PAYMENT PORTE

#paymentporte envisions to abolish current complexities faced by the e-commerce sector, they will altercate how consumers purchase items and in turn incentivize them as well. There are numerous benefits of choosing payment porte both as for personal and institutional use cases. They aim to be the bridge linking personal users and institutions when the need to securely make money transfers and digital assets with no fee or bank account. Below are some use cases proposed by payment porte;

❖ Payment gateway.
❖ Users can buy porte with bitcoin, bitcoin cash, ethereum, stellar lumen, and any other digital assets.
❖ Easily navigable platform.
❖ High tech infrastructure.
❖ Instant conversion for FIAT to cryptocurrency and vice versa.
❖ Integrated know your customer & anti-money laundering verification in user account sign up.
❖ Multi-signature option for payment transfers.
❖ Transfers to local bank accounts.
❖ The smart contract is generated and holds payments in escrow until those conditions for release are met.
❖ Decentralization, transparency, and accountability to the market.

PAYMENT PORTE WALLET

The payment porte wallet can be used to store both fiat and digital currencies, it will soon be downloadable from the Apple Store for iOS users, Google Play Store for Android users and on Desktop for PC (private computer) users. For new users on the xlm blockchain, please do not forget to securely keep your mnemonic phase to avoid loss of funds, for those who already have a #xlm wallet all you have to do is add #porte trustline to be available to receive and send porte tokens. The payment porte platform has integrated bifold to the wallet, this as a temporary escrow, long-term storage or to transfer your funds to a bank account. Non-custodial storage means that payment port platform does not have any access to users accounts, this ensures users have absolute control of private keys to their assets and no one without the keys can have unauthorized access.

PAYMENT PORTE TOKEN USE CASES

#porte is a native token created to drive its ecosystem, it will be used as the payment gateway when paying for services rendered on the platform. Its initials are #porte derived from payment porte, it was created on the #xlm blockchain technology because it’s proven itself to be the best and it is an advanced modification of currently existing blockchains, it is fast, easily navigable, high-tech infrastructure, and most importantly self-explanatory. The tokens will be used as a platform liquidity tool and transfer of value for users. The team possesses expertise in all thing cryptocurrency, and they have an in-depth knowledge of the e-commerce sector. They have made plans of maintaining the token value, and demand by not creating minting or mining any other and all unsold will be burned. Holders will be incentivized over time to encourage them for the belief and faith in the project.

BitFurnace is a burn mechanism application which is triggered on the platform when your tokens are used to settle a transaction. When the BitFurnace firewall reaches the fixed minimum supply of 200 million the guaranteed deflationary amount of circulating supply of tokens will be met.