The industry of global remittance is experiencing rapid growth with each passing day and has undergo radical developments through integration with advanced technologies and partnerships. Each year, people are able to make use of many remittance companies to send funds worldwide, which makes cross border payments a vital factor of the financial market.
Nevertheless, traditional remittance services is ravaged by several problems that affects patronizing customers and hinders growth of international remittance. The challenges faced by traditional remittance are shown below ;
-Slow Fund Delivery: Regardless of modern development in remittance systems, many people have complained about receiving their fund payment in a week and even more, hence creates difficulty for their everyday activities.
-Tedious and Complex Transfer Process : Infact most banks and money remittance companies demand extra documentations from their clients and customers before processing their transactions. These process can be time wasting, hectic and lengthy.
-High Service Charge : This is another issue associated with several remittance companies. These companies require their customers to pay unnecessary hefty fees that inconvenient their clients.
With blockchain technology arrival, comes a unique chance for revamping the business of money transfer services. Although, blockchain technology is recognized to carry the potential to bring stunning advantages to several companies and sectors across the world. Most banks and remittance companies doubt blockchain's capabilities as well remains unmotivated to comprehend the benefits which blockchain can offer. Meanwhile, for those industries unafraid and willing to adopt this technology for their financial services. They have been able to experience the dynamic improvements like improved speed of transactions, efficient security and many more, which blockchain provides regularly.
SKYPAY Network is one of these remittance companies that adopts blockchain technology to allow people carryout money transfers without problems and limiting regulations.
Details About SKYPAY
SkyPay Network is created to operate as a Web3 driven e-commerce remittance platform that enables users to perform simple, fast and secure fund transfers worldwide.
Undeniably, web3.0 is the future of the internet. The web of today is static and inefficient to adjust to needs of individuals experiencing it. Merging of artificial intelligence and blockchain facilitates web experience to be structurally redefined, dynamic and more interactive for people. Web3 and blockchain leverage on SkyPay Network unlocks relevant benefits like low transaction charges, greater security, faster payments services and many more, that will be available to users.
Furthermore, anyone can make use of SkyPay platform for fund transfer purposes without negotiating with traditional banks or undergoing complex documentations.
SkyPay also come with some appealing features which is accessible to end users from across the world ;
-SKY Wallet is available to help users manage their funds, invest, buy NFTs, pay bills, perform online shopping and so on.
-Passive Staking : An opportunity for users to earn passive income by locking their BUSD and BNB funds in SkyPay Liquidity Pool.
-Crypto Debit Card is a great feature of SkyPay that will be available to people who buy 1 BNB and more in the ongoing presale. This debit card allows users to withdraw crypto in over 200+ countries. Also, whenever users make use of this debit card, they earn MILES that can be converted to other cryptos or used for free traveling.
-Customer Service is available 24/7 to handle issues and enquiries from merchants and customers of SkyPay Network.
-Experience benefits of low charges and instant transaction with SkyPay Crypto Credit Card that allow users to top up their wallet up to $2000 daily limit.
Well, there is another important addition to the SkyPay ecosystem known SKY token. This token comes with total supply of 25 million units and plays role of being primary utility token of the platform. SKY token can be used for voting, staking, debit card funding etc.
In conclusion, end users would greatly benefit from services and features of SkyPay Network because blockchain and web3 ensures SkyPay to operate as an advanced streamlined fund transfer gateway than traditional counterparts in the remittances market.
Thanks for reading, For more information:
Website : https://skypay.network/
Telegram Chat: https://t.me/SKYPAY_CHAT
Telegram News: https://t.me/SKYPAYTOken
Twitter : https://twitter.com/Skypay_Network
Writer Details,
BTT Username : Johnson Knight
BTT Profile URL : https://bitcointalk.org/index.php?action=profile;u=2326370;sa=summary
Wallet Address : 0x6830258326195b820D60f100354dadDe57c0bBAf
Text Uniqueness : https://1text.com/plagiarismchecker/635962acbcdd0