Decentralized Payment System
With tight capital controls around it through most international locations to manipulate money slides and impose high taxes, cryptocurrency accepts use in avoiding capital and tax controls, mainly to make greater demand. Cryptocurrency has been able to present a digital alternative that is convenient to use for fiat currencies. Offering non-friction transactions and inflation control, investors are wiser to add these currencies in varied portfolios as assets, because market size does not represent systemic risk. Cryptocurrency uses cryptographic use which guarantees high security strategies and verifies personal transactions for each user. Therefore, counterfeiting and nameless transactions cannot be achieved.
While this revolution is gaining enormous acceptance, the NUPay platform, the world’s first smart market that presents environmental social networks designed using blockchain, has proven high-speed activity has arrived.
“With the creation of blockchain technology, a number of industries have been affected by using the disorder. The retail sector, in particular, has more than one possible blockchain that can change the way outlets sell, and through the way consumers buy. But the role that the blockchain science plays in reshaping retail relationships with customers who stop and how they buy wants to be the agenda of every retailer.
The retail industry continues to experience important technological developments to improve itself and equip consumers with a better client experience. The main technological advancements that have been adopted are the most disturbing ways of all of them: Blockchain – the ledger technology provided.
Blockchain is a knowledge of modern technology that has disrupted the industry through virtual financial markets. In fact, knowledge of blockchain technology is expected to reach integral adoption by 2020 and become normal by way of buyers with assistance in 2025. By admiring the retail market, knowledge of blockchain technology has a purpose that is intrinsic to the backend retail process. According to a survey, the purpose of blockchain at retail can increase effectiveness somewhere from 40% to 60% “
With that, the main objective of NuPay’s task is to provide the ideal cryptocurrency fee to answer where users can carry out all operations related to prices. The blockchain implementation provides security, transparency and reliability in services.
Now that I’ve got your attention, let’s go right there.
What is NUPay?
As described above and as shown in the official Nupay whitepaper, the NUPay platform is a blockchain-based market that ensures transparency of transactions carried out on that platform. Transparency transparency ensures that buyers can better care for their property and thus keep away from being cheated. The Blockchain science has made extraordinary strides to provide practical options to old issues that have disturbed humanity. For example, Bitcoin and ethereum have conveyed progressive thoughts and principles that have helped humanity such as forex and smart contracts that have helped in finance, manufacturing, fitness, and other economic sectors.
In addition, NUPAY is a monetary payment platform that will help connect each trader and customer on the platform. To make this business successful, they have launched their own original token (TPCT) which will be used on the platform as a media exchange transaction. NUPAY has made a partnership agreement with Korean ONLINE and OFFLINE stores that will assist in the scalability of TPCT tokens.
TPCT as a NUPay company token serves as a trading medium and the storage of costs that can be spent and collected, credited, is collected through the NUPay Platform. Nupay is a decentralized alternative market location built on the blockchain that aims to help customers monetize their goods and services while also giving them full control of their services. Nupay is a marketplace where customers can install their property for sale in trade for TPCT tokens on the network. TPCT tokens help tokenize customer offerings on this platform and clients can get their wishes for a certain amount of TPCT tokens at the same price as the price that the customer gets.
Nupay is a blockchain ecosystem that attempts to solve the problem of using cryptocurrency in the crypto space. With TPCT, you can now charge for goods and offer use of your digital currency with the help of the Nupay network. Aggregate TPCT cards, and TPCT exchanges make conversion of crypto assets into fiat very easy to facilitate online transactions using users.
The plan below illustrates the Future Challenges and Solutions presented through Nupay
NuPay intends to be the perfect pricing platform for daily cost completion. It gives various pricing techniques and additionally to inspire the customer to give prize points, present vouchers and playing cards for every purchase of goods. Here users will be charged 2% of the total number of items and this amount will be credited in the form of tokens in the NuPay wallet. This promotional token will inspire users to use NuPay for payments and consequently benefit from modern blockchain technology.
Implementation of blockchain technology knowledge in paid devices will increase transparency and provide security. This also helps reduce unnecessary commission costs. This offers better benefits than ordinary charging systems.
NuPay also gives users a large number of preferences to buy goods in a large community of stores. It is important to say that NuPay’s protective support will provide instructions on how to spend tokens for purchases. To get help from the technical guidance team, customers are equipped with choices in the NuPay application menu area.
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 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.
By linking to the payment gateway provider, the Transaction will be activated by the nUPay Blockchain in cryptocurrency in exactly the same way as the current payment procedure. Tenders and cryptos will be classified and handled as a set of procedures in the NUPay Blockchain. This enables governance to be carried out by the NUPay blockchain.
TPCT tokens will be fuel that stimulates and enables communication in the NUPay ecosystem, not only as a means of payment but also as an agent that verifies, determines, and processes activities that connect each component and network member. The NUPay protocol removes transaction fees and other expensive commercial costs. Therefore, traders will be less restricted and will be better able to generate profits, because more users are encouraged to use the protocol. TPCT tokens can be used to buy goods or services. NUPay users will be asked to enter a minimum balance of 5,000 TPCT tokens. This will create an increased correlation between the number of NUPay users and the value of the TPCT token. NUPay users will be classified into different registration levels based on the number of TPCT tokens deposited and the number of purchases. Provisions for membership rankings are as follows:
Furthermore, when the NUPay user group gets bigger and bigger, the NUPay team will implement the NUPay Loyalty Function for the benefit of loyal NUPay users. Currently TPCT tokens are designed to meet the ERC-20 standard that is compatible with Ethereum networks . To provide blockchain payments that are faster and more stable, the team has a roadmap to develop its own mainnet. Following are the details of the token and ICO:
- Name : TPCT
- Platform : Ethereum
- Supply : 2,500,000,000 TPCT
- Standard Devices : 1 ETH = 15625 TPCT
- Supply ICO : 64.000 ETH = 1.000.000.000 TPCT
- Softcap : 5000,000,000 TPCT
- Hardcap : 1,000,000,000 TPCT
The allocation of tokens is as follows.
The ICO will be launched in the second half of 2019. I advise you to follow updates directly on the site . I conclude by saying that I consider NUPay a very interesting project and, if the team respects the Whitepaper’s promises, NUPay will certainly get an increasingly increasing scene in other countries outside Korea. Here are contacts and social platforms
-Steve Chief Technical Officer Choi
-Peter Operations Manager Lee
-Samuel is the Blockchain Manager
by ; zaka72
Ethereum address: 0x00B4Bf3217035A33b3154792DBB5BaDb517EF5De