KoveredPay

KoveredPay is a decentralized token based on the Ethereum blockchain. Enable safe, reversible transactions on the blockchain. The transactions made using KoveredPay can be reversed and/or put on hold, making KoveredPay a must-have cryptocurrency for both merchants and buyers to ensure the safety of their funds. One of the criticisms made about blockchains by mainstream consumers is that the
transactions on a blockchain are not reversible. For instance, if you purchase goods
from someone over the web with no trade reputation, they may take your coins and
never ship the item to you, and thus they will have stolen your money and scammed
you, leaving you with no recourse.
When buying products using a credit card (Visa, MasterCard, etc.), you’re
automatically protected against situations like this. If the purchased goods are never
received, aren’t what you expected, or are damaged, you can report this to your
credit company. They will investigate the case and then give you a refund. Credit card
transactions can be reversed. This is not the case with blockchains. You cannot reverse a transaction once it has
been broadcast on the network. This remains a hurdle to the adoption of Bitcoin and
other cryptocurrencies by mainstream users.
Thus, reversible transactions are a necessity for the mainstream adoption of the
cryptocurrencies.