With strict capital controls in place by way of most international locations to manage the float of money and charge high taxes, cryptocurrency gained utilization in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been in a position to present an effortless to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent ample to add these currencies in their various portfolios as an asset, as the size of the market does no longer characterize a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security approaches and verifies transactions non-public to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining broad acceptance, NUPay platform, the world’s first Smart Market which offers hyper nearby social networking designed with the aid of a high-speed proof-of-activity blockchain has arrived.
"With the advent of blockchain technology, quite a few industries have been impacted via its disruption. The retail sector, in particular, has multiple blockchain possibilities that can trade the way outlets sell, and by extension, the way buyers buy. But the function that blockchain technological know-how plays in reshaping retail relationships with the stop customers and how they buy desires to be the on every retailer’s agenda.
The retail industry is retaining up with fundamental technological developments to enhance itself and grant shoppers with better client experiences. Such a major technological advancement that has been adopted is by way of some distance the most disruptive one of them all: Blockchain – a dispensed ledger technology.
Blockchain is a modern technological know-how that has disrupted industries past the virtual finance market. In fact, blockchain technological know-how is expected to attain essential adoption by using 2020 and emerge as usually widely wide-spread by shoppers with the aid of the year 2025. With respect to the retail market, blockchain technology has functions that are intrinsic to the backend retail processes. According to a survey, blockchain functions in retail can enhance efficiency somewhere from 40% to 60%"
With that being said, the essential purpose of the NuPay task is to provide a best cryptocurrency charge answer where customers can operate all the price associated operations. Implementation of blockchain affords security, transparency and reliability in the service.
Now that I have your attention, let’s get right to it.
What precisely is NUPay?
As depicted above and as indicated on the reliable whitepaper of Nupay, NUPay platform is a blockchain-based market which ensures transparency of transactions made on the platform. Transparency of transactions ensures that buyers can take better care of their belongings and thereby keep away from being ripped off. Blockchain technological know-how has made amazing strides imparting plausible solutions to age-long troubles that has plagued humanity. For example, Bitcoin and ethereum have brought about innovative ideas and standards that have been of so a whole lot assist to humanity such as foreign money and smart contracts which has helped in finance, manufacturing, health and other sectors of the economy.
In addition, NUPAY is a economic payment platform that will assist in connecting each the retailers and the users in the platform. To make the challenge a profitable one, they have launched their personal native token (TPCT) which will be used in the platform as a medium of transaction exchange. NUPAY has made a partnership deal with the Korean ONLINE and OFFLINE stores which will help in the scalability of the TPCT token.
TPCT as the NUPay's manufacturer token features as a medium of trade and a save of cost which can be spent and collected, credited, collected thru the NUPay Platform. Nupay is a decentralized alternate market location constructed on the blockchain which goals to help customers to monetize their items and offerings whilst additionally giving them full control over their services. The Nupay is a market the place customers can put up their belongings up for sale in trade for TPCT tokens on the network. The TPCT tokens helps to tokenize the users services on this platform and customers can get their desired needs for a targeted amount of TPCT tokens equal in value to the users obtained. Nupay as a market brings owners and customers collectively in a collectively beneficiary arrangement. The Nupay community ensures that asset are owned first and primary by means of their creators who can then decide to provide out these currency in alternate for a reward and the Nupay community makes this extremely convenient with the help of the token which is used as a ability of transaction on the network
How NUPay Smart Card Works?
The person can take his/her Nupay card to any store {Offline or Online} and make purchases by means of deciding on any cryptocurrency of his/her preference the use of an in-built button on the Nupay card.
The consumer is then with their cryptocurrency balance alongside the fiat price which is given in accordance to the real-time alternate rate
NUPay is solely a decentralized, open information economy primarily based and a absolutely inclusive machine that holds absolutely each user and at the identical time ensure that its projects every consumer as a micro-entrepreneur with requisite authority that can be used to contribute and support his or her true information and still get compensated. NUPay is a tremendously visual gadget that is fully blockchain standpoint based, it offers its consumer the opportunity to trail transactions.
The Advantages
NuPay intends to become a perfect fee platform for daily payment settlements. It gives a number fee techniques and additionally to inspire customers it provides reward points, gift vouchers and playing cards on each and every buy of goods. Here users will be charged 2% of the total quantity of goods and this quantity will be credited in the form of tokens in NuPay wallet. These promotional tokens will inspire users to use NuPay for payments and for that reason get advantages from innovative blockchain technology.
Implementation of blockchain technology in fee machine will enhance transparency and brings security. It additionally helps to cut needless fee charges. This gives higher advantage over regular charge system.
NuPay additionally furnish users huge quantity of desire for buying goods in massive network of stores. It is essential to notice that NuPay customer support will grant preparation on how to spend tokens for purchases. In order to get assist from technical help group users are provided with choice in the menu part of the NuPay app.
TPCT Token
The platform utility token is recognised as ‘TPCT’, it can be used to buy items or services through this platform. The TPCT token will clear up the hassle of cryptocurrency usability through the NUPay Partnership with main payment gateways companies, present card, and reward factor issuers, and on and offline merchants.
TPCT token will be used as a transaction certificate when the person buys a service. Every transaction method will be handled by means of smart contracts and cross-chain hosting science to ensure the authenticity, legality, and compliance. TPCT token will be used with the aid of the client and vendor for transacting; it will be in a position to gain a real-time settlement and put off the hazard and value concerned with the usual way of fee on current platforms.
Token Allocation
Partners
Team Member
Website [NuPay]: http://nupaymentalliance.com
Website [TPCT]: http://www.tpct.io
Read Whitepaper: http://www.tpct.io/index.php#section-2
ANN thread: https://bitcointalk.org/index.php?topic=5097440.0
Telegram: https://t.me/NUPay_English_Community
Facebook: https://www.facebook.com/NUPayKorea/
Twitter: https://twitter.com/NUPayTeam
Medium: https://medium.com/nupay
Instagram: https://www.instagram.com/nupayment/
Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=826971