NUPay
NUPay
Decentralized Payment System
Hi crypto lovers, I dedicate this article to talk about the NUPay project ( https://www.nupaymentalliance.com/ ). NUPay creates a new payment method. Besides cryptocurrency, NUPay also provides a platform for online and offline payments. The NUPay payment platform will allow you to use your membership points and your cryptocurrency for normal FIAT payments. In the remainder of the article I will explain this fantastic project in more detail. Follow me!
NUPay is a platform that seeks to harness the efficacy of the retail market by connecting merchants, shops and users simultaneously through infrastructure that will both encourage the use of cryptocurrency payment options and serve as a revenue sharing site for all participants involved in the transaction. The adoption of crypto currencies grew even with the decline in market valuations, world organizations and governments gradually implementing the blockchain infrastructure or using currencies to improve payment performance. NUPay strives to serve as a much-needed one-stop financial solution that not only offers cryptocurrency payments but also creates an easy gateway to spend on a variety of payment options, namely: gift cards, vouchers, gift points and others.
The problem
Many cryptocurrency payment providers are trying to resolve recurring problems from existing payment systems where unnecessary intermediate steps involve complex or inefficient procedures with additional costs. Changes in exchange fees between currencies, which include hidden conversion costs, are another common problem. Many cryptocurrency payment providers have also proposed their own solutions, including cryptocurrency-based debit cards, online and offline payment platforms and / or cryptocurrency exchange services for currency conversion, as an alternative to the current system. However,
The solution
The NUPay payment platform plays an important role in connecting users and traders. Extensive partnerships with online and offline stores throughout Korea will provide the scalability of TPCT tokens , which will ultimately fulfill their role as real currencies.
NUPay is a simple and efficient payment system that will allow users to make easy and convenient cryptocurrency, voucher and reward points
in the same way using credit cards and FIAT money. The NUPay payment platform will offer the following advantages:
NUPay strives to make its payment services available with a Web and Application platform that will ensure that every internet user can access and use payment services while on the go. The application will also be combined with a QR reader and barcode scanner to serve the needs of various levels of users on the platform. The NUPay card is also another consumer convenience service that is being considered for implementation on the platform.
The NUPay Payment Platform is designed to facilitate the use of cryptocurrency such as genuine TPCT, BTC, ETH and XRP currencies as well as fiat currencies, gift points and gift cards for payments in online and offline outlets. This platform is also designed to encourage interaction between traders and users, improve merchant outreach and reputation through customer management services. Traders and businesses on the platform can receive payments from users (customers) in cryptocurrency or other payment options and turn them into fiat currencies smoothly. User is not abandoned; Prizes of 2% of the amount spent (regardless of the chosen payment option) on the platform are given back to the User platform in the form of TPCT tokens.
The NUPay blockchain structure will be responsible for storing all information related to payments, thereby ensuring record verification compared to what can be obtained in traditional payment processors. The NUpay blockchain structure is also specifically designed to facilitate the right, cost-effective and secure transactions on the platform.
TPCT functions as a fuel for the NUPay platform and obtains utilities as a means of payment for goods and services with minimal transaction costs and easy transitions to fiat currencies, instant cashback / prizes for using retail services on the platform and finally the requirements to use NUPay Services. Unlike other Cryptopayment platforms, NUPay has secured many partnerships for its platform and this will ensure the usefulness and demand of TPCT. The TPCT will initially be issued as an erc-20 token with a maximum supply of 2.5 billion units for the purpose of initial coin offering (ICO) and then exchanged for its equivalent on the NUPay blockchain. The initial coin offer is currently underway and is scheduled to end with a public sale scheduled to begin on March 4, 2019 and end on May 31
The NUPay Payment Platform is designed to facilitate the use of cryptocurrency such as genuine TPCT, BTC, ETH and XRP currencies as well as fiat currencies, gift points and gift cards for payments in online and offline outlets. This platform is also designed to encourage interaction between traders and users, improve merchant outreach and reputation through customer management services. Traders and businesses on the platform can receive payments from users (customers) in cryptocurrency or other payment options and turn them into fiat currencies smoothly. User is not abandoned; Prizes of 2% of the amount spent (regardless of the chosen payment option) on the platform are given back to the User platform in the form of TPCT tokens.
The NUPay blockchain structure will be responsible for storing all information related to payments, thereby ensuring record verification compared to what can be obtained in traditional payment processors. The NUpay blockchain structure is also specifically designed to facilitate the right, cost-effective and secure transactions on the platform.
TPCT functions as a fuel for the NUPay platform and obtains utilities as a means of payment for goods and services with minimal transaction costs and easy transitions to fiat currencies, instant cashback / prizes for using retail services on the platform and finally the requirements to use NUPay Services. Unlike other Cryptopayment platforms, NUPay has secured many partnerships for its platform and this will ensure the usefulness and demand of TPCT. The TPCT will initially be issued as an erc-20 token with a maximum supply of 2.5 billion units for the purpose of initial coin offering (ICO) and then exchanged for its equivalent on the NUPay blockchain. The initial coin offer is currently underway and is scheduled to end with a public sale scheduled to begin on March 4, 2019 and end on May 31
Sales Tokens
The NUPay project has created crypto currencies that can be used in everyday life and also started full-scale growth in March 2018. The NUPay team identified these market requirements through interviewing specialists and consumers to advance the progress of their organization. In this procedure, the NUPay Project Team is centered on the development of this NUPay Protocol by connecting it using NUPay which is predicted on cryptocurrency, coupons, and reward factors. This procedure also requires NUPay to connect to international payment gateways as well as high-tech businesses. Furthermore, the NUPay Project implemented a prepaid card program after evaluating this machine and is also preparing to establish an agency from the second round of 2018 together with the aim of "supplying cryptocurrency support concentrated in the core value of cash.
Token allocation
The main uses of the profits are 30 percent on R & D, 5 percent on advertising, 35 percent on reserves 1 (cryptographic coins), 15 percent on reserves two (digital power), and 10 percent on company operations and growth. R & D funds will be utilized to develop blockchain engines, NUPay Support Prototypes (NUPay Wallet & App), mainnet, etc. Marketing will cover the costs associated with NUPay Advertisements and the increase and addition of partner pairs. Reserves 1 (crypto coins) are part of the deposit ordered for (1) the transfer of instant crypto coins to consumers when their trade occurs in cryptocurrency (BTC, ETH, and XRP) and (2) that banknotes are transferred to retailers to return payments.
Team
Nupay Uis is supported by experts who are experienced in their respective fields, these people are on board.
Further information
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