OTPPAY: Payment Made Easy with Unique Idea
OTPPAY: Payment Made Easy with Unique Idea
In the current market, the payment industry expects to keep growing with healthy rate but some powerful disruptive forces begin to interfere in the development process. There is no doubt that the digital currency has captured the curiosity of many investors, journalists and the general public. So, the upgradation in the fiat currency to cryptocurrency could help the industries to get rid of this problem. The digitalize world of payment industry gifted the crypto asset to the current payment market. Thus, the cryptocurrencies became the global phenomenon known to the most public and enterprises. Cryptocurrencies are that money whose investment increases its value with time. These currencies also allowed fast and secured payment scope worldwide. Cryptocurrency gave birth to a new incredibly dynamic rapid-growing market for spectaculars and investors. Also, these currencies have the potential to save the businesses and financial services industries from a remarkable amount of money and time by eliminating the middleman and the unwanted fees.
One of the biggest problems which are facing by the industries associated with cryptocurrencies is in converting their cryptocurrency to fiat currency. This is one of the most vulnerable issues which is facing by businesses and as well as traders. It is very hard to sell a product in the market for cryptocurrency knowing the fact that the market is very volatile. Due to this fact, the businesses may have to face the problems involved in the market crash. Because of these problems, the idea of OTPPAY is evolved. The OTPPAY wants to solve the problems which are integrated with the current market by creating an outstanding crypto exchange platform in which exchanging of cryptocurrency to fiat currency will become easier.
The platform of OTPPAY reduces the bridge between cryptocurrency and fiat currency. The main focus of this platform is to make the cryptocurrency usable in the daily life of the common people. Additionally, the protocols of this platform will be addressing the Cost Per Second (CPS) and Transactions Per Seconds (TPS) using smart swapping and value equalization techniques.
Solution offered by OTPPAY
The project OTPPAY is structured with feedback from many customers from the ground level including variable ethnic sample sizes and different markets. With the deep study in the current market, the outcome is that the market gap is estimated and filled with foolproof and stable fixtures. The OTPPAY's main product is a mobile application which includes virtually all the features needed for the transactions involving cryptocurrencies like an exchange and brokerage, a lending platform and a wallet. However, many companies with these features are offered to the market but OTPPAY claims that it will significantly support a wide variety of cryptocurrencies and fiat currency with a faster approval transaction because of the use of their internal currency as mediator.
The platform is also developing both a smartphone QR payment tool and a debit card, which will allow its user to pay to the persons for the services and goods offered. This amazing goal could help the cryptocurrencies to gain remarkable acceptance, but it a proven difficult for other developers. To oblige the merchants to accept the payments done with this technology, the platform will charge the merchants a transaction fee of 0.5% which is much lesser than those credit card companies which charge 10 times more than this fee.
OTPPAY is even initiating a platform for the lending purpose, which allows the merchants to gain passive income by lending the cryptocurrencies. The feature of lending cryptocurrency could become so important in developing the communities with little admittance to traditional banking methods.
OTPPAY's platform uses an electronic way of verification to verify their customers, this is an important step of this platform to show their seriousness in the security and privacy. The companies who negotiate the process of verifying their user's identity are in many jurisdictions which are critically important for keeping the industry safe from the illegal transaction activities and access.
ICO Details of OTPPAY
The OTPPAY named their tokens as OTP. The sale will be done considering the three rounds. The presale of the ICO will begin on 5th March 2018 and the 3rd round will finish on 2nd June 2018 or sooner if its hard cap is reached to 71,250 Ethereum. The OPT token can only be purchased with Ethereum and can be stored on the platform which is meant for it.
OTPPAY platform will create a total of one billion OTP token, with 600 million tokens which will be available for sale during ICO phase.
The OPT tokens can be used only in the OTPPAY platform. The platform will provide fast transaction of ICO with full security.
Conclusion
The OTPPAY is a powerful project with a potential of revolutionizing the present industry. Even though there are huge competitions and disruption in the market which will try to hold back the platform but the solution offered by this could lead the merchants for massive adoption of cryptocurrency in their business.
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