Blockonomics: A Payment Solution for the Global Acceptance of Crypto-Currency
When in 2008 the programmer (or a group of programmers, so far no one has found out) under the pseudonym of Satoshi Nakamoto presented the world with the first of its kind crypto currency - Bitcoin, its purpose was to implement decentralized, fast, anonymous, limitless transactions between users with low commissions .
Since then, bitcoin and other crypto-currencies have been used as a method of payment in a variety of spheres, including e-commerce - the sale of goods and services on the Internet. And this is not surprising, because transactions with the technology of blocking have a lot of advantages, such as speed, anonymity, security, cost and lack of boundaries.
Nevertheless, the fact remains. According to the online resource oracletimes.com, only 3 of the 500 largest online stores allow their customers to use bitcoin as a means of payment. Why is that? Why has 10 years of existence of bitcoin its application so poorly spread in the most progressively growing market - e-commerce?
The founders of the Blockonomics project found the answer to this question and simultaneously solved the problem , which we will talk about this time. Their platform has functioned as Wallet Watcher and BlockExplorer since 2015, working on improving the technologies for global adoption of bitcoin and other crypto-currencies. Now their eyes fell on e-commerce and the decision did not wait.
What is Blockonomics?
Blockonomics is a blockbuster project, the founders of which carry out ICO - the public sale of BCK tokens in order to raise funds for the creation of a universal payment system for the use of bitcoin and some altcoys in the field of e-commerce.
Their goal is to create a completely decentralized payment solution for fast, cheap, secure and truly anonymous transactions without any intermediaries and hidden commissions. Blockonomics will operate in the field of e-commerce, allowing online stores and services to take bitcoin and other altcoyines as a way of payment.
On the one hand, the project is aimed at carrying out basic operations with bitcoin - transferring to other wallets and accepting payments to one's own address, and on the other hand, to the sphere of electronic commerce, allowing customers to pay with the crypto currency for purchases on the Internet. Blockonomics will ensure the global acceptance of bitcoin, saving the industry from the barriers that existed up to this time.
The Blockonomics Solution
The payment solution of the project is to provide tools for use as a means of bitcoin and several altcoins, including Ethereum, Litecoin, Bitcoin Cash and BCK - Blockonomics tokens, which we will talk about a little later.
No crypto exchange is offered to users, they still use their existing purses. Using Bitcoin Wallet Watcher, crypto currency holders can monitor all their wallets from one place around the clock, receiving email alerts about all transactions that pass through them, and viewing the full transaction history for each wallet.
Users using Blockonomics will be able to make purchases in over 2000 online stores connected to the platform using BTC, ETH, LTC, BCH and BCK. The owners of online services, in turn, will be able to easily integrate the Blockonomics solution into them, using the appropriate plug-ins.
Already, the creators of Blockonomics have launched plug-ins for Prestashop, Magento, WordPress and WHMSC, and in the near future (beginning in September this year) they will also be added plug-ins for Shopify, OpenCart, ZenCart, Wix and other popular e-commerce platforms.
All transactions of users are securely protected and encrypted. At the same time, to use crypto currency for purchases in online stores, users will not need to undergo any additional confirmations and procedures KYC (Know Your Customer), which will allow them to remain anonymous.
Sending bitcoin by mail
Another feature of Blockonomics is the ability to send crypto currency by e-mail using split-keys. This means that users will be able to translate their relatives and friends even faster without spending time on transactions with wallets.
Do not lose the opportunity to read the next part of the review of the Blockonomics project, because this time we will talk about the advantages of using bitcoin and other crypto currency in the process of making purchases in the framework of e-commerce .
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