INTRODUCTION TO BRAVO BLOCKCHAIN: Send and receive anonymous payments with the power of blockchain

Hello everyone I will be writing about this wonderful and exciting Blockchain platform called “BRAVO’’. In this write up, I’ll be writing about the Bravo Platform as a whole.

THE BRAVO PLATFORM

The Bravo Platform was Built for a new generation that demands simplicity, privacy and anonymity in payments. In a society that is undoubtedly migrating towards a cashless system, it’s often difficult to tip the hard-working artist, waiter and other service industry professional or even settle a debt with friends. Nearly 10% of Americans no longer carry cash and 49% carry $20 or less on a daily basis.1 Worldwide, only 2% of adults have a mobile payment solution.

Unfortunately, this problem is not unique to the U.S. and in some parts of the world it’s even more frustrating given limited access to banks. When available, current solutions typically run on archaic software, pose high and constantly increasing fees, lack guarantee and trust, transparency, anonymity and are unsafe leading to personal data and history sharing.

There are many well-founded market concerns about online and mobile lack of privacy and safety. In fact, a recent study revealed that 71% of Americans are most concerned about online privacy when they are accessing their financial data.

STATISTICS ANALYSIS ON TRANSACTIONS

Recent data has shown that current non-blockchain payment methods lack privacy and protections for their users. Data exposed by researcher Hang Do Thi Duc confirmed the current systems’ weaknesses accessing public on-line data on 207,984,218 transactions of Venmo users (a Paypal company) identifying transactions by user, name, behavior and habits. What is worse, financial and non-financial companies seem to execute on this insecure behavior on purpose. These shortcomings of the traditional banking system gave rise to Bitcoin and blockchain, which allow people to privately and securely transact with a currency that maintains value without a central authority controlling its supply and circulation.

These shortcomings of the traditional banking system gave rise to Bitcoin and blockchain, which allow people to privately and securely transact with a currency that maintains value without a central authority controlling its supply and circulation.

Bitcoin, a first generation blockchain payment protocol, brought technology, transparency and trust to the online financial industry. It proved a brilliant concept and broke ground for other protocols and tokens with better technologies, rules, latency, stability, trust and applications beyond payments. Despite the fast evolution, the technology still lacks the qualities required to attract mass consumers; it has a fragmented clunky user experience, confusing onboarding, complex keys that often require a third-party custodian for safety, and lacks a human-centric design.

BRAVO’S PLAN

At BRAVO, they are solving the slow blockchain adoption paradigm with a proven human-centric user interface on a robust blockchain infrastructure. BRAVO started in 2014 with a grassroots approach and was built from the ground up with iterative development incorporating user feedback in the software development lifecycle. This extensive research and development fast-tracked their product as they created a mobile fiat payment platform. After a successful proof of concept where millions of dollars in fiat (USD) were processed using our iOS and Android apps, we are now launching our next generation platform powered by blockchain.

THANKS FOR READING.
To know more about Bravo platform;
visit the website: https://bvo.trybravo.com/
join the telegram group: https://t.me/BRAVOPay
whitepaper link: https://bvo.trybravo.com/BRAVO_Whitepaper_V1.pdf
facebook link: https://www.facebook.com/bravopay/
twitter link: https://twitter.com/Bravo_Pay
my bitcointalk link: https://bitcointalk.org/index.php?action=profile;u=2343430