Crypto-payment-related-projects are facing a myriad of challenges such as difficulties in finding business associates and establishing a reliable systematic connection with the current payment system which translates to inconsistency in the implementation of their products. In view of this, the NUPay project team has devised a model to tackle the issues of the traditional payment system and resolved to overcome the challenges faced by start-ups and businesses. The core elements of NUPay are the NUPay payment platform, the merchants, the user, the NUPay blockchain and the NUPay scan. The NUPay payment platform is a payment system through which users can use vouchers, reward points, and cryptocurrency. It is also designed to support other cryptocurrencies as well as the TPCT tokens. Through the NUPay platform, merchants can take advantage of the interaction with consumers. Also, it is very much possible to link the NUPay network with their POS devices or by using the QR code scanning.
NUPay users also benefit from this platform by receiving the value of 2% of each purchase from the TPCT tokens. This rule also applies to other compatible means of payment. Due to the fact that NUPay blockchain is the main framework of the platform which stores all payment records such as transaction details, account balances and payment. For NUPay scan, it helps to peruse the transactions between NUPay blockchain. Every smart contract, cryptocurrency holder's wallets, and the verified transaction can be searched. NUPay aims to provide several payment systems that integrate with the online and offline stores and the diverse points of sale where users wish to access services and they include; the web, app, and NUPay card.
The advantages of the NUPay payment platform are highlighted below; First, it provides technical support for existing cryptocurrency holders. Second, it is compatible with various means of payments which may be used for business transactions. Third, blockchain-based execution will eliminate all the bottlenecks limiting the current transaction procedure. NUPay brand token, TPCT, acts as a store of value and medium of exchange that can be accumulated, credited, spent and collected through the NUPay payment system. Asides from the TPCT token, the platform allows the use of other crypto coins which include reward points and vouchers. They aim to implement the following features and functions before the end of the year and they include; the launching of the official NUPay service, the public sale of ICO, the launching of the NUPay Solution Beta Service and the private sale of the TPCT token and IEO.
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Author - Coltpython
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