Enables selected cryptocurriencies to be used in the platform for payment. This strategy will help the general public to become more educated and aware on the uses and understanding on the digital currency process. Sellers will be able to accept major cryptocurrencies and utilize especially the WEBN tokens in exchange with them with tradition (fiat) currencies. Buyers and Sellers will participate in a global decentralized commerce environment with a greater sense of security and total trust.
Using cryptocurrencies as a payment method in our platform offers the following benefits:
Fraud - Individuals cryptocurrencies are digital and cannot be counterfeited or reversed arbitrarily by the sender, as with credit card charge-backs.
Immediate Settlement - No Intermediary and 3rd party (Instant Payment)
Lower Fees - There aren't usually transaction fees for cryptocurrency exchanges because the miners are compensated by the network (Side note: This is the case for now). Even though there's no bitcoin/cryptocurrency transaction fee, many expect that most users will engage a third-party services, such as Coinbase, creating and maintaining their bitcoin wallets. These service act like Paypal does for cash or credit card users, providing the online exchange system or bitcoin and as such, they're likely to charge fees. It's interesting to note that Paypal does not accept of transfer bitcoins.
Identify Theft - When you give your credit card to a merchant, you give him or her access to your full credit line, even if the transaction is for a small amount. Credit card operate on a "pull" basis, where the store initiates the payment and pulls the designated amount from your account. Cryptocurrency use a "push" mechanism that allows the cryptocurrency holder to send exactly what he or she wants to the merchant or recipient with no further information.
Access to Everyone - There are approximately 2.2 billion individual with access to the internet or Mobile phones who don't currently have access to traditional exchange, these people are primed for the Cryptocurrency market. Kenya's M-PESA system, a mobile phone-based money transfer and microfinancing service recently announced a bitcoin device, with one on three Kenyans now owning a bitcoin wallet.
