Payment systems can be regarded as any set of rules, processes, and infrastructures for money exchange between two or more persons and most importantly between individuals and financial institutions. Secured and reliable payment systems minimize transaction costs and it is an important tool for efficient implementation of monetary policies. Payment systems can be used to withdraw cash from a machine, transfer money through smartphones, pay for bills/services with debit cards etc. It is an indisputable fact on the huge contributions made by information technology to the contemporary payment systems.
However, most folks are yet to find a comfortable/convenient and reliable payment system which are free from challenges/obnoxious features such as time consumption during withdrawals, issues of transaction fees and unsecured payment systems.
In recent times, the blockchain's cryptocurrency has been taunted to serve as a panacea to the above-mentioned ills of the payment systems. At the onset, cryptocurrencies did the magic in transaction time reduction but later it was discovered that transaction time increased as there were more transactions and payment fees were relatively on the high side too.
INTRODUCTION TO NEXTY
Nexty is a fintech platform that seeks to introduce a payment system where people would carry cashless payments anywhere, at any time and with zero transaction fees. The Nexty platform is driven by the blockchain technology with its own cryptocurrency which has great features such as:
.Zero transfer fees
.Dual cryptocurrency and
.Instant transfer.
The Nexty platform enables businesses of all sizes to scale through the hurdles of trading barriers; the platform is characterized with the following important attributes
. The platform is dedicated to user privacy and confidentiality
. The plarform is very fast with a user friendly interface
. Low volatility
Amazing Features
- Dual Cryptocurrency Confirmation System (DCCS): With its DCCS in place, two types of cryptocurrencies would be operating at parallel to each other, this helps transactions to be made in real time at no cost. The DCCS operates on two cryptocurrency - NTY and NTF. Nexty's DCCS does not charge per transaction, rather holders of NTF crypto are rewarded with a small amount of cryptocurrency at a low rate which in turn helps to keep transaction fees at zero.
- NTY and NTF: NTY token(coin) is the main cryptocurrency for running daily transactions on Nexty platform while NTF token/coin is for transaction confirmation system. Currency decision rights such as: transaction confirmation, mining speeds and block size upgrades belongs to the NTY holders. While NTF holders would be accorded the rights to build mining and confirmation machine for NTY holders.
With its POF(Proof of foundation) algorithm in place, NTF holders would receive NTY which is divided by the percentage of their amount of NTF over 10million NTF. - NEXTY WALLET: users of the platform can seamlessly send NTY to each other in a seamless and most secured manner
REASONS WHY YOU SHOULD BUY AND HOLD NEXTY TOKENS
USE CASE: 90% of blockchain based projects sugar coat their whitepaper with promises they cannot fulfil because theirproject literally has no use case nor solve real-life problems. This project is among the few projects on blockchain technology with a real life use case. We all need faster transactions at cheaper or zero fees in a secured manner and that is exactly the problem this project is solving.
ADOPTION: Billoins of people will gradually adopt this platform and make use of it on a daily basis as it will seamlessly disrupt the traditional methods of remittance around the globe.
A WORKING PRODUCT: The platform has a working product which is the NEXTY wallet which can be used to seamlessly send tokens instantly around the globe. you can download the wallet here https://play.google.com/store/apps/details?id=io.nexty.wallet
TEAM
The team behind any blockchain project is very important. What's more, the team pushing this project forward isn't any extraordinary in such manner. The partners incorporate blockchain specialists, crypto lovers, and different technocrats who have faith in the ability of blockchain.
CONCLUSION
This is a project every smart investor will want to invest in. the project is huge and has great potentials. The team is up and doing. With the level of engagement and progress, the team has achieved so far, I believe they will deliver.
For more information:
Website: https://nexty.io/
Whitepaper: https://nexty.io/nexty-whitepaper.pdf
Twitter: https://twitter.com/nextyio
Facebook: https://www.facebook.com/nextycoin/
My bitcointalk profile link:
https://bitcointalk.org/index.php?action=profile;u=1708600;sa=summary
my bitcointalk username: sparklins4u