Introduction
Tackling an existing problem can be a strong basis to build a business plan or project. As a business owner or an innovator, if you can identify a need in the society or a missing piece in an existing system, it is more likely that your project or enterprise will garner support and partnership from investors. Think about creating value for your target customers, and it may amaze you how much will develop an interest in your work. This majorly identifies with what most new projects within the blockchain and cryptocurrency space are anticipating to achieve. Despite that the industry has been around for a few years, a huge percent of the world’s population still does not grasp or fully understand what it entails. Apart from this, there will always be industry issues or areas to improve, which innovators need to consider before building a new project. Amepay, as a nascent project, understands this concept and it has developed its project around solving payment issues across different industries.
Identifying a Challenge
Cryptocurrency and blockchain technology offer varied benefits that have altered the usual ways of performing several operations. The solutions offered by these technologies reshaped how most processes in several sectors take place presently, even as there may be some other aspects to develop. With all the pros of the industry, the vision of mass adoption around the world remains far-fetched. Most people are yet to understand the core advantages and functions of the industry. We could attribute this disconnection to the puzzling nature of the technology, which is still elusive to many. This is a challenge, which innovators can begin to think of ways to create a wider understanding and adoption of the technology.
For the Amepay project, it focuses on resolving issues relating to making payments with a digital asset. Using cryptocurrency as a medium of exchange at grocery stores or during shopping can often be a tedious process. For a casual customer who may not fully understand cryptocurrency, it takes useful time to get the asset, and using it as a tender for payment is a task.
Typical Case Scenario
Let us consider a situation where a crypto novice goes through a strenuous process to make payments. A customer wants to purchase her favorite juice using cryptocurrency. She needs to get a crypto wallet and register on an exchange and purchases a crypto token at her desired price. Then she meets the grocery store owner, who must also understand the use of cryptocurrency, for the customer to make the payment. Now the owner performs a similar process as the customer. Between these stages, the price of that cryptocurrency continually fluctuates, and this makes it difficult to complete the transaction. The complexity and volatility of cryptocurrency is a challenge that inhibits its mass adoption.
Amepay Solution
The framework of the Amepay network provides a platform that allows a practical and convenient daily use of cryptocurrency for payments. Customers can be confident to perform their transactions and make purchases using our platform, without any bother concerning the fluctuation of the value of the cryptocurrency. We will enable crypto-to-fiat and crypto-to-crypto transactions.
USEFUL LINKS
Website: https://amepay.io
Whitepaper: https://amepay.io/static/theme-assets/whitepaper/amepay-whitepaper.pdf
Telegram: https://t.me/amepay
Twitter: https://twitter.com/ame_pay
Facebook: https://web.facebook.com/Amepay-114622167001761/
Medium: https://medium.com/amepay
LinkedIn: https://www.linkedin.com/company/amepay/
AUTHOR'S DETAILS
Bitcointalk Username: Endpoet
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2767513