OTPPAY is a blockchain oriented digital wallet for performing financial transactions over crypto-currencies. The developers of the OTPPAY project hope that this platform will become the largest in the world in terms of turnover of digital currencies. Here, all users will be able to access sales of crypto-currencies, exchange them for other digital or fiat currencies, and escrow service.
The distinctive features of the payment instrument include the presence of its own artificial intelligence that can be machine-trained and will contain the necessary functions to automatically track transactions and convert any digital currencies to OTPPAY token for further use for the needs of users.
OTPPAY is a unique digital wallet, which provides an opportunity to make maximum use of the potential of your own token used to pay for services or goods. The decentralized platform provides the providers of services (goods) with the security and convenience of obtaining funds in the crypto currency. Also, when conducting transactions and making transactions, users will have to choose the priority payment method: in platform tokens or in the desired crypto currency. https://www.otppay.io/#
The system of service safety from fraudulent actions will be developed using traditional standards for the security of the currency currencies, as well as the latest technologies, including the block system. In this case, the service will act as a catalyst that will allow users to quickly and transparently make transactions and exchange of digital assets. This solution is innovative for the modern financial market.
The created API for this service can be linked to the global KYC interfaces to prevent the use of fraudulent schemes regarding transactions within the platform.
The service data mining infrastructure will help developers automatically detect potentially suspicious transactions and block them. At the end of 2018, it is planned to create a system Crypto Credit Rating (CCR), through which users of the platform will benefit from using the OTPPAY Lend functions.
The main features of the project:
- fast conversion from digital to fiat currencies;
- Minimal commissions;
- registration and issue of loan funds;
- system of ratings of users;
- the ability to pay crypto currency in any stores.
The solutions proposed by the OTPPAY project team
Mostly the platform was created in order to integrate the use of digital currencies and currency currencies in one sphere. For this, the OTPPAY service was created, which serves as a kind of a link between these currencies and the real financial market.
The OTP platform token will be the main currency unit and will serve to carry out all transactions of the ecosystem. It is worth noting that only the holders of the tokens will be able to perform currency transactions on OTPPAY, each of which has a commission fee of 0.5% of the transaction amount. This amount (commission) will go to further development of the service and maintenance of its economic component.
For the convenience of using its project, developers have worked hard to create a universal mobile application for the most popular platforms. Mobile wallet has a nice interface that allows all users to make electronic payments or exchange by means of digital currencies in one of the suggested directions. The security of this application is to implement PCI-DSS standards.
Also, users of OTPPAY will be able to use a debit card, which allows you to make payments with crypto currency much faster and more transparently without the possibility of being deceived.
We can safely say that the OTPPAY service allows each user to use digital currencies in real life, which a few years ago was still just on the brink of fantasy. Now it will not be necessary to use different exchange sites, which slow down the payment process. This platform will automatically transfer your funds to the currency that the seller of goods or services asks for their payment.
For more detailed information about the project and the terms of participation, I recommend to visit the links below:
☑️ Project reference: https://www.otppay.io/#
☑️ White paper: https://otppay.io/Assets/otppay-whitepaper/OTPPAY_White_paper_v1.1.pdf
Author:https://bitcointalk.org/index.php?action=profile;u=1047035
