The core aim of cryptocurrency (digital assets) is to serve as payment for individuals, corporate bodies, companies, merchants, retailers, and many other e-commerce sectors globally. However, Cryptocurrency is an unlimited solution for countless issues that are encountered in the traditional financial services. Knowing the fact that the transaction fees of cryptocurrency are extremely low as compared to fiat (government issued currencies.) but its usage is still on the low side. Why because countless organizations, financial institutes, and many other e-commerce sectors are yet to adopt its usage. This is one of the major reasons why QUANTOCOIN has to revolutionize by not just disrupting but enhancing the banking and financial sectors to create an awareness of its usage (QTCt the native currency of Quantocoin token) by developing a decentralized platform that will serve the entire globe through blockchain technology, thereby creating one unique Quantocoin gateway system for all financial sectors, investors, traders, users, and e-commerce sectors.
Quantocoin platform as cryptocurrency-based payment services has already procured stakes in the sports industry – Italian football club, Rimini FC 1912.
In the traditional payment system, transaction fees can take up a considerable percentage of income when they add up. Most online shops charges as high as 2.3 to 2.5% said CardFellow, while retail stores that render the point of sales (POS) services charges approximately 2% said SmartAsset. These high fees are caused by middlemen in the financial sectors such as card issuing banks, card network (Mastercard, Visa, Verve and others), and e-wallet providers.
The traditional payment processes require various steps before a transaction is executed from customer to merchant: when a customer places a transaction, it gets to the issuing bank, then to a payment gateway, to credit card association, to a payment processor, and to the acquiring bank before it finally gets to the receiving merchant. This is a long process that consumes a lot of time. However, the Quantocoin payment services processes are unique and fast from the customer directly to the receiving merchant – Peer-to-Peer. This is possible with blockchain technology integrated along with smartphones on the Quantocoin platform which also includes a bio-identification system for accounts security purposes. The Quantocoin platform's protocol can be connected to traditional banking systems for effective and secure transactions.
Blockchain technology adopted by Quantocoin seeks to eradicate these middlemen by decentralizing money and allowing transparent and anonymous peer-to-peer (P2P) transactions. In a simplified way, the distributed ledger technology is offering a platform where intermediaries like the banks and countless financial institutions services will not be needed to exchange value. With third parties being pushed out of the race, transaction charges could become a thing of the extinct. The blockchain payment system provides a better, safer, and more transparent experience for the adopters and their customers. This is the kind of services Quantocoin platform will be rendering to their platform users. You can chat openly (group chat) or privately (private message) with Quantocoin experienced Admins on Quantocoin Telegram or by. contact
Quantocoin is the next-generation archetypal and a one-stop-shop solution for the future of digital banking, financial services and e-commerce. It is the first international alternative digital asset that has instant liquidity and currency functionality. The platform is also developed and designed for those regions that do not have access to banking services. Transactions on the Quantocoin's platform are a P2P and B2B transactions which make it faster, reliable, instant transfer, convenient, easy to use, void of intermediaries, automated and transactions can be done anywhere globally.
The Quantocoin platform permits transactions on a blockchain with extremely reduced transaction charges, it is faster and extremely secure than the traditional payment gateway.
The Quantocoin platform is architected in a way to solve the problems that traditional payment and banking system have, thereby creating a means of eradicating the requirements of carrying physical cash and the recognition of counterfeit currencies. The Quantocoin is designed for the convenient, fast and secure payment option for those who do not prefer banks and bank products such as debit and credit cards.
Below is a table that will inspire you to know the difference between traditional banking system and blockchain banking system.
The Quantocoin payment system has three core world technologies that eradicate debit card system of a thing known as the Hybrid application that comprises Quick-response (QR) Code, Near field communication (NFC), and the QTC beacons (BLE technology). Read more about this technology on page 16 of the QTC whitepaper
When Quantocoin user with the application installed on his smartphone enters a store that has Quantocoin PoS system services, the user's payment application recognizes the beacon signal which then signals by notifying the merchant's PoS system that a Quantocoin user is in the store. When the user (the customer) is done shopping and wants to check-out, the merchant's PoS system sends the purchase to the user's mobile payment account. The same details are observable on the PoS system at the sales counter.
However, Quantocoin payment system is payment freedom that enables the user walking into the store, shop whatever he wants, avoid the long queue at the cashier's counter, scan and pay for purchased items without the store's cashier involving in his purchase.
The Quantocoin mobile application will be obtainable for download through the IOS or Android – Google Play Store and will be a sophisticated banking platform at your fingertips. Users can then use major cryptocurrencies as a means of payment for any fiat-based goods and services instantaneously on any Quantocoin payment terminals with QTC QR Code, NFC technology, and via QTC Beacons (BLE technology).
The QTC card will be connected to the user account and will be used as a means of payments in the traditional market with the option to pay and exchange fiat to crypto or crypto to fiat. It can be used for online shopping, shopping in stores with PoS, and ATMs for cash withdrawals.
The Quantocoin native currency is QTCt, which is based on the Waves platform-based smart contract and it is the fuel of the QTC platform that will be used for all transactions across the globe within the platform.
PROCEEDS ALLOCATION
TOKENS ALLOCATION
WEBSITE
WHITEPAPER
BITCOINTALK
TELEGRAM
FACEBOOK
TWITTER
LINKEDIN
YOUTUBE
INSTAGRAM
ARTICLE WRITTEN BY MICKEY OBERABOR
BITCOINTALK USERNAME: MICKEYBERRY
