THINK ABOUT LIVENPAY, THINK ABOUT CRYPTOCURRENCY ADOPTION

aaaadon (25)in #food • 5 years ago

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Within the crypto space, mainstream adoption is on everyone's lips and mind. This is because, with mainstream adoption, people we get to know about the possibilities within the crypto space.
Blockchain technology became the trending technology today because of its way of operation, that is, it needs no central server to work on or an administration that will decide for users what to do with their funds etc. Within any blockchain platform, all users are responsible for their actions and inactions, in other words, data privacy is achieved.
As we all know, cryptocurrency is a product of blockchain. With that being said, it is worthy to know that there are issues which are limiting cryptocurrency from going mainstream, of which one is price volatility, thus making most merchants to reject cryptocurrency for use in payment of services. In addition to this, merchants are also stiff-necked in adopting any new payment system related to cryptocurrencies as they think it's not worth it. The question is, how?
The reason this may be troublesome is that current cryptocurrency payment systems is complex and filled with unnecessary costs, subsequently inferable from the reality most merchants and consumers aren't technically knowledgeable, thereby persuading them to relinquish their old method for doing transactions and embracing another one might be a hurricane task.

Besides, another issue which has been viewed as a detour to the mass adoption of cryptocurrency is that present applications dependent on blockchain are not easy to understand nor effectively open to a great many people. Thus, it is clear that for cryptocurrency to accomplish mainstream adoption, existing services need to be improved.

INTRODUCING LIVENPAY

Brief Facts About LivenPay
LivenPay is a dependable global reward network with incorporated payment services aimed at making users comfortable when they pay for services (or food).
The main aim of LivenPay is to make cryptocurrency be utilized regularly along these lines making the crypto space valuable.

LivenPay is not at all like most blockchain platforms; how?
LivenPay was created in the year 2014 and have developed to a platform with over 400,000+ users who are paying for services at more than 1,000+ areas in Sydney and Melbourne. Inferable from its extraordinary nature, LivenPay is as of now incorporated to Point-of-Sale accomplices in excess of 20,000 locations. To make it more interesting, LivenPay will go to London, USA and UK in Q1 2019.

How LivenPay Solves Cryptocurrency Problems
So as to solve cryptocurrency issues, LivenPay will count on Ethereum blockchain; therefore LivenPay will have its platform token known as LivenCoin (LVN) along these lines processing millions in payments while compensating its users for every deal they make.

As price unpredictability of cryptocurrencies is disturbing which can be viewed as the gigantic factor limiting its adoption, LivenPay by means of its token will lessen price instability through a proficient internal conversion rate which will make LVN tokens available for use to have a purchasing influence thus being utilized inside the platform.

Moreover, so as to guarantee merchants are not disheartened but rather yet engage with what blockchain brings to the table, LivenPay will include a digital currency payment gateway so that merchants will, in any case, be paid with fiat except if they choose to go for crypto. In this manner with LivenPay's users base, cryptocurrency adoption will reach the retail dimension.

Also, as LivenPay plans to remunerate users for every transaction they make this will be achieved by means of smart contracts. Hence with smart contracts made conceivable by blockchain LivenPay's decentralized reward protocol will ensure a solid dispersal of remunerations while guaranteeing there is sufficient conduct with outer markets.

Possibilities Within LivenPay Via Blockchain
With the guide of blockchain and in that capacity smart contracts, LivenPay's platform will be reliable, attributable to its reward protocol and reward reserve which are transparent while LVN will be free from corrupt practices evident in humans.
LivenPay's token is intended to be worldwide, therefore, will be seen as a mechanism of payment. Similarly, LVN can be exchanged among friends within LivenPay platform.

Also, LivenPay will promote a distributed system of transactions inside its platform via blockchain through this way, users will most likely send currency, split bills etc. To guarantee convenience, the Ethereum wallet address owned by users to store their LVN will have a username handle as seen on Twitter.

In the same way, LivenPay will build up an API through which third-party applications will most likely get associated, subsequently, when users buy goods and services via these third-parties, they will permit LVN to be spent or earned amid checkout process.

Furthermore, LivenPay incentivizes users who have reached a level of accomplishment through certain activities, for example, referring loved ones and so on.
Also, LivenPay token which is earned through transaction can likewise be given to charity foundations.

CONCLUSION

By taking part in the exercises of the platform, for example, paying for meal users are remunerated.
Attributable to the requirement for cryptocurrency adoption, LivenPay was made by a group of experts who means to bring in blockchain into their existing system accordingly evacuating the price unpredictability of cryptocurrencies while guaranteeing its users experience another dimension of services.

LivenCoin or LVN is the token of the platform with a total of 10 billion and it is based on Ethereum blockchain. LVN will be utilized for platform services, for example, rewarding users, or for paying of goods and services.