SmartCash is finally releasing the SmartCard. This offers "to solve many of the problems traditional payment systems are facing such as long settlement times, chargebacks, and high fees".
What Are SmartCards?
The idea for SmartCards is pretty simple: Using SmartCash as a payment solution without the banking system as intermediary that works in a real-life scenario without waiting time and fees and within the widely available technology.
To create a new SmartCard you can either use the web or mobile application and then top it up with SmartCash from one of your wallets. You will need a 6-digit pin number to access the funds on the card. As a merchant you will get a point of sale app that automatically calculates prices from your currency into SmartCash. A simple scan of the QR-code on the buyers SmartCard will initiate the sale and be confirmed with the buyers pin code.
The transaction is confirmed instantly which is enabled by the broad SmartNode network of SmartCash holders. And there is no transaction fee but a tiny blockchain fee of 0.001 SMART. You don't even need an internet connection as a buyer. The QR-code can be scanned in your offline app or you print a physical card and use that instead.
The Future Of SmartCash
This is a a fascinatingly simple solution to use SmartCash as a payment method. With that move the coin positions itself very well in a very competitive market in the cryptocurrency world. This is exactly what we needed and will make it much easier for so many merchants to adopt SmartCash as their first crypto payment. Everyone can use this system and the advantages are massive.
The final piece to make this the ultimate user experience is the multi-currency mobile wallet which allows for a quick exchange of SmartCash into other popular coins. Because then the ecosystem would allow for a seamless flow of funds in and out at a highly intuitive level. This combination is what I think will make SmartCash really attractive to a lot of users who have never used cryptocurrencies before.
But first we have a lot of work to do to educate people about the advantages of the digital money. Luckily the proposal system allows smart individuals to take the initiative and bring SmartCash to where it is needed most.
For more information about SmartCash please watchwatch the following videos: