CITIOS: MICROPAYMENT TECHNOLOGY – THE POINT-TO-POINT PAYMENT NETWORK

The rave of the moment, cryptocurrencies have been the subject of concern in the last couple of years. After a yet-to-be-identified Satoshi Nakamoto launched the Bitcoin Whitepaper in the year 2009, and the subsequent release of the first digital currency (Bitcoin) within the same period, it has been many years of trying to figure out the uses of the coins. Indeed, the launch of cryptocurrencies did a great job at wresting power from centralized authorities and financial institutions. Therefore, the backlash faced by cryptocurrencies from both platforms is an indication that the currencies were about to change the way we go about our financial transactions.

THE CHALLENGE AND MARKET OPPORTUNITY
The use of cryptocurrencies ought to move farther from the primary concentration on the digital space. It is time to break new grounds, especially for the purpose of those currencies in reality. As has been touted in many quarters, the creation of more openings for the spending and uses of cryptocurrencies would make it possible to have a decentralized, cost-effective, and faster medium of sending and receiving money across the borders.

THE POINT-TO-POINT PAYMENT NETWORK OF CITIOS
CitiOS has many projects it is handling. Notable among them is the electrification of Africa via the AIoT street lights, the improvements of healthcare facilities via the Structural Health Monitoring (SHM), and now the introduction of a point-to-point payment network. The idea here is to facilitate cross-border transactions in real-time, at low costs, and without much security threats.

USES OF THE R2R TOKEN
CitiOS has a dedicated crypto token called the “R2R Token." The roles of the Token include but not limited to making payments within the CitiOS ecosystem and using it in other projects supported by the platform. Some of the potential use cases are discussed below.
• Access to Electric Power
As hinted before, CitiOS focuses on the provision of electricity to Africa and other parts of the world. It doesn’t stop at that but extends the functionalities to other places. Now, the users of this platform can purchase electric power from CitiOS using the R2R Token. The token doubles as the payment method for buying some energy or electricity units from the CitiOS platform.
• Access to Camera Data
Worthy of mention is that CitiOS invested heavily in the security sector. The outcome of that investment is the provision of unparalleled security to the users. There is an AI Camera that surveys the environment at all times. Among the many functionalities of the solar energy-powered street light is the gathering and sending of collated data to the CitiOS blockchain. Some of the information/data it sends to the CitiOS blockchain include but not limited to road accidents, natural calamities, and the detection of abnormal weather conditions.
Now, after the data has been gathered and transmitted via the P2P Data Exchange to the CitiOS blockchain, the end-users can then be able to purchase the data for their uses. Some of the persons that can make use of the generated camera data are the government and the private individuals. They can use the information to be more security conscious.

• Creation of a Data Platform
It is now possible to create a seamless medium of communication through the CitiOS platform. The best model is to develop effective communication among the transacting parties because all the transactions would be facilitated through the CitiOS platform and with the R2R Token.
• Minimal Fees
The R2R Token is more accommodating because of the minimum fees. Therefore, the handling of the transactions would be more comfortable because the costs are minimal when compared to those of the wire transfers and other centralized/fiat method of transactions.

FINAL THOUGHTS
There’s no denying that many people around the world can now enjoy micropayment and immediate facilitation of transactions at minimal fees. So, get the R2R Token and start transacting without hassles via the CitiOS platform.

USEFUL LINKS
Website: https://www.citios.io/
Whitepaper: https://www.citios.io/assets/CitiOS_Whitepaper-b30baa8c1d320911cf2f308042e20af97ad0fdbd5e13890cf1124e031891e1b6.pdf
Telegram: https://t.me/CitiOS_Official
Twitter: https://twitter.com/CitiosOfficial
Facebook: https://www.facebook.com/citios.io/

Author
Bitcointalk username- abake
Bitcointalk profile link- https://bitcointalk.org/index.php?action=profile;u=2023104;sa=summary