Since the start of human civilization, the change of value has seen a lot of changes. Whenever we want something for our personal use or for further selling, it is very important to give the person you're taking it from, something of the equivalent value. Thousands of years ago, humans used to trade in batter system that was exchange of one product for another. Example if you had rice and you wanted milk, you could exchange your rice with someone who has milk. That was batter system. But as there was the problem of finding exact value of a product in the terms of other product was very difficult, and hence money came into existence. Everything changes since then, trade was given a new dimension all together. But then the problem of physically carrying money and storing it arised and hence plastic money came in. It is just a card which was linked to your bank account and and you can swipe it anywhere you need to pay, the balance money in your account will automatically get deducted. This form of money was also a great success but it had its own problems as well. And this was majorly faced by the restaurant and cafe Industry. When people used to pay their bills by credit card or debit card, there was always a chance of your personal information getting leaked to fraudsters and thieves. Also the restaurant owners might not use a very secure payment system to reduce the cost which leads to increased chances of theft. We might sometimes face liquidity issues as well, which leads to delayed payment, more expenses and bad word of mouth of the restaurant owners. And hence to solve these problems, a NPO called XFactor is here with a platform that makes payments easy, safe and fast!
XTR
This is a platform which uses the Blockchain technology and crypto currency to create a payment processing system for cafes and restaurants. Transactions made through this platform are made in XTR tokens. The platform offers a low fee, highly protected payment system which is fully digital and without any intermediaries. The platform offers a mobile Application and wallet through which payments can be made. E-Bills can also be generated through the platform. It offeres a global exchange system and also Advertising options where different restaurants and cafes can advertise their venture. The XTR tokens are tradable on all platforms and can be exchanged for any national currency as well.
XTR Tokens
This is the utility token I'd the XTR platform. It is used to make all the payments on the XTR platform. Having a crypto base, this will provide easy of use to the users. The XTR transactions would be smother and more secure. The company has brought 500 million tokens for sale right now which are sufficient for use. But as more and more people enter the platform, the value of tokens are expected to appreciate.
Conclusion
The XTR is a foundation which is a Nonprofit making foundation. It is here to make the payment system easy and secure. With the introduction of XTR platform, the payments would become secure and more and more people would prefer to pay through XTR. This would increase the business of the restaurant as well as make it more dependable for the customers. Being the change required in the market, the foundation is set to start a revolution in the food industry creating a secure, fast and easy payment system.
Website - https://www.xrtfoundation.org/
Whitepaper - https://www.xrtfoundation.org/public/docs/whitepaper.pdf
ANN - https://bitcointalk.org/index.php?topic=4555335.0
Telegram - https://t.me/xrtfoundation
Published by - coineaglebt
Btalkprofile - https://bitcointalk.org/index.php?action=profile;u=1936073