The current payment system has been equipped with advanced technology to replace old technology. Nevertheless, many crypto payment providers are looking to tackle the recurring problems associated with the current legacy systems in which insignificant processes result in additional costs, complex and inefficient procedures. Another common problem is the inconsistency in currency exchange charges such as the hidden conversion fees. Many crypto payment providers have proffered their own solutions which include on and offline payment platforms, crypto debit cards, cryptocurrency exchange-like services used for the conversion of currency in place of the current system. However, these projects are unable to find business partners and also establish a reliable systematic connection with the current payment infrastructure. Hence, it is quite difficult to implement their products in the real world and might require infinite patience.
In view of this, the NUPay project team has been working to tackle the problems highlighted above. NUPay payment platform plays an important role in connecting merchants and users, which will give the NUPay project a head start. NUPay is an efficient and simple payment system that offers users the chance to conduct voucher, cost-effective cryptocurrency and reward point transactions with features similar to using fiat money and credit cards. The benefits offered by this payment platform includes; the provision of technical support to existing cryptocurrency holders, the elimination of the current transaction processes which enable the lowest possible transaction costs through the provision of effective decentralized payment system powered via blockchain and the integration of several features to the platform to make them compatible with various means of payments which includes; cryptocurrencies, vouchers, gift cards and reward points. Asides from providing crypto-payment services, it is also expected that essential financial services will be implemented to further advance the platform.
NUPay seeks to connect the borderless retail markets and the users by providing a secured underlying infrastructure that will drive a natural adaptation or transition to the daily crypto payments. They have since launched the NUPay card and NUPay wallet and will support various transaction systems in the future. Through the enhancement of user experience, this project aims to create a new profit-making system through a reliable blockchain based platform for stores, online merchants and offline merchants. The team is exploiting every means to reach their targeted commercial and technological goals. In the future, the NUPay project will liaise with other blockchain-powered businesses to further advance the ecosystem. To learn more just click on any of the links below;
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Author - Coltpython
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