The Ethereum Card looks to reach big relevance into a global shopping and trading currency including Escrow services for all store, brokers, and merchants. This big adjustment along with reverse transactions enabled on its main net will provide convenient services to a large population which is not yet familiarized with blockchain irreversible transactions.
It’s the number one peer to peer crypto card which comes with a large characteristic’s menu. It assists in increasing the daily transactions as well as low transaction fee with the incorporation of multidimensional mart contracts. The card also enables reverse transactions on the blockchain technology under the ETHCD main net.
Shopping, trading, and brokers.
The card’s API will be integrated for all merchants, stores, and brokers to allow them to interact with ETHCD on the main net and utilize it as a payment method on their platform. This entire process will be as easy as click payment button from the user end, unlike conventional gateways.
Reverse transaction.
It’s a new transaction that duplicates the original transaction, but with debit amounts shown as credit amounts and vice versa. For instance, after you post a reversal transaction on the wallet, you will have two of them, the original and the reversal, but the account balances appear as if the original transaction was never posted to your balance, but it reflects on your history of the account.
This transaction is posted to the same account for the same amount as the original transaction automatically. Any of the involved parties can alter the amount or account of a reversal transaction. The parties, however, will engage in an agreement of reversal which in turn will enable the platform’s system to send confirmation to the second party wallet and authorize on the blockchain automatically.
This feature will help prevent fraudulent attempts to create random reverse transactions by cybercriminals. The reverse transaction is done on the network in a full peer to peer transaction where ETHCD platform does not store the data.
The Ethereum Card Escrow service and community.
This is a financial arrangement on the ecosystem where they hold and regulate the payment of the funds needed for two parties involved in a particular transaction. This assists in improving the security of the transaction by keeping the payment in their escrow account which is safe and only released when all of the terms of an agreement in a shopping mart of brokers are met as confirmed by the Ethereum Card.
CONCLUSION.
Ethereum by itself, is an already established and thriving cryptocurrency which emphasizes the convenience and effectiveness of this project even more.
The card will improve your everyday shopping experience, wherever it is that you shop. It is a guaranteed advantage that blockchain technology offers maximum safety and there is nothing a participant of any online activity values more than security.
The issue of cybersecurity has been an all-time high concern while shopping online as one is not confident in the overall security of the internet. It’s a comfort to know that a project such as the Ethereum Card ensures you go about your day to day shopping with the assurance of protection from cyber frauds by malicious hackers.
FOR MORE NEWS AND UPDATES, GET IN TOUCH WITH ETHEREUM CARD PLATFORM THROUGH THEIR OFFICIAL LINKS:
🔗 Website: https://ethereumcard.org/
🔗 Whitepaper: https://ethereumcard.org/Whitepaper_V2-eng.pdf
🔗 Twitter: https://twitter.com/ethereum_card
🔗 Telegram: https://t.me/ethereum_card
🔗 Medium: https://medium.com/@ethereum_card
★ Author: jamesndungu1
★ BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1856049
★ All Images credited to ETHEREUM CARD OFFICIAL WEBSITE
