What is CoinPay?
CoinPay is a technology company building multiple API's in the form of a "Smart Payment App" system that will allow customers to pay merchants directly for their goods and services. A merchant will have full control over their funds at all times, they can chose to keep a percentage in any currency received or convert it based on the market rate at the time of transaction.
In this scenario, there is no third party or middle man to deal with.
CoinPay runs on smart software so the company can operate anywhere in the world without having to register or jump through regulatory hoops because the entity never touches the funds, all the company does is offer the tools to the merchant to be in full control. There is no counter party, and therefore no counter party risk. The funds are either in the customers possession or the merchants.
CoinPay will be accepting ClubCoin and the plan is to build an entire customer shopping network around this token. All merchants on the platform must accept ClubCoin, even if they convert it instantly to Bitcoin. This will give ClubCoin holders a market to spend their coins through the CoinPay platform.
More About CoinPay Shares...
CoinPay shares are unlike any other digital asset in the market today... It's NOT like Bitcoin, it's NOT like ClubCoin, Ethereum, Zcash, or anything else you will find. This digital asset will act more like a stock certificate giving you "proof-of-ownership" in a profit sharing pool. (However this is NOT a stock)
CoinPay tokens will entitle you to shares that will even have voting rights as the project is expanded and will have A LOT of other key benefits to make them valuable. One thing that sets this apart from anything else is we are NOT selling these tokens... We are giving them away FREE!
This model doesn't make sense to most people, mainly because they are greedy, but we have already proven it works in a structure like BitClub Network and we want to give the profits back to the people who deserve it. YOU!!
It's simple... members who bring on new merchants and build sales volume get more CoinPay shares and a bigger piece of the pie.
No Risk for Merchants, Here's Why...
If a merchant is selling a cup of coffee for $5.00 USD. They would be able to accept ClubCoin (right now this would be 10 ClubCoin). An invoice is generated and the customer pays the merchant with ClubCoin, this would be instantly converted to Bitcoin and the Bitcoin instantly converted to USD or other FIAT based on the preferred exchange and region of the merchant.
So at the end of the day the merchant would receive $5.00 USD in their bank account and since CoinPay is only acting as the software to allow the transaction to happen between the two parties there is no risk for the merchant because the "money" is either in the customers hands or the merchants hands.
It's our hope that merchants wake up and want to hold digital currency because there is a lot of upside in the market. So for this reason we give them the opportunity to cash in a percentage of their transactions and hold the rest in either ClubCoin or Bitcoin if they chose. This percentage can easily be set and changed if it becomes more attractive to hold or sell
Why Merchants Want to Accept ClubCoin?
Merchants will gain access to thousands of new customers (BitClub Members) and anyone else holding ClubCoin. For this privilege we are going to ask the merchant to offer their product or service at a discount to members if they chose to accept ClubCoin.
This discount will be advertised to the network and anyone with ClubCoin can shop based on these discounts to get a great deal. We expect to see new customers outside of BitClub Network buying ClubCoin just so they can shop with it and get a discount by using it through CoinPay.
Example: Using the same cup of coffee example... This coffee shop would sell their coffee at a 5% discount, or $4.75 to all ClubCoin holders offering a $0.25 discount. This discount would be listed through an entire network of other discounts that all token holders can shop through.
We believe ClubCoin can become the "shopping token" that people use instead of spending their Bitcoin and using BitClub Network as the engine to power the expansion of CoinPay this could become a very strong global shopping network.
How Does CoinPay Make Money?
CoinPay will charge a 1% transaction fee on all transactions and these fees will also be shared with the BitClub member who enrolled the merchant. Merchants will have an option to upgrade for a one time $399 fee which will give them complete access to the network of shoppers, and many tools that Free merchants will not receive.
CoinPay also offers Enterprise level packages that provide a fully customized solution that can be integrated easily into any existing shopping cart platforms. It's also our hope to integrate with the most popular open source shopping carts so its very easy to implement for merchants on these platforms
We strongly believe in this type of approach and by launching CoinPay through a sales organization like BitClub we know this can be really big for everyone!
Goto https://bitclubnetwork.com/fenola/enroll_new.html to start the journey
Source: http://bitclubfun.com/coinpay
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Thank You!
Ok, well understood