Taking a closer look at the world today, one can agree there is a tremendous change both in technology and otherwise. The truth is, technological innovations have changed this world in many ways and one of these innovations is blockchain technology. Now the question will be, why blockchain? Before now, in order to send money to someone in another country, one has to go through the Bank, where they face a variety of issues such as time-consuming processes, charges etc. But with the advent of blockchain technology, the reverse is the case; that is, one can send and receive funds from anyone in the world irrespective of location. Another advantage associated with blockchain is that the transaction takes places as fast as possible and there is no Intermediary, therefore, no charges. With blockchain operating on a peer-to-peer basis, that is to say, there is no room for data breaches or data manipulation.
Despite all the amazing opportunities associated with blockchain technology, its product which is cryptocurrency is yet to be adopted in real-life applications. This lack of adoption is owing to the fact cryptocurrencies are yet to be used for the purchase of goods and services which is greatly as a result of lack of merchants who are willing accept cryptocurrencies as payment as well as the volatile nature of the crypto, thus with cryptocurrencies being volatile mass adoption will likely not occur.
Therefore in a bid to make cryptocurrency fit for payment of goods and services thus setting the path for mass adoption a project known as LivenPay was created.
Other Issues
In addition to the aforementioned problems associated with cryptocurrencies which are limiting it from been adopted on a global scale which LivenPay aims to solve; there are other problems which need apt attention.
A study has shown that in the world today, rewards and loyalty programs being used by existing businesses is inefficient at satisfying merchants. In the same way, with the presence of third-party loyalty platforms users or customers are charged more while these third-party services enjoy the benefits from increased user acquisition.
Also, it has been proven that the lack of adoption facing blockchain and as such cryptocurrency can also be likened to lack of compatibility and usability with currently existing systems.
WHY LIVENPAY?
LivenPay is a platform aimed at setting a path through which cryptocurrencies will be used every day, through this way resulting in a universal reward network with its own integrated payment services. LivenPay has been in existence thus having more than 400,000 users and be processing millions in payments while rewarding its users for every transaction they make.
Blockchain means a lot to LivenPay platform as through this way, they will have their own cryptocurrency thus having the power to solve the aforementioned issues and the blockchain which deem appropriate is the Ethereum blockchain.
With blockchain technology and as such through its cryptocurrency, LivenPay will be able to ultimately reduce price volatility which is achieved through a one of a kind conversion rate which gives LivenPay's token a purchasing power for it to be used within the platform.
In the same way, in order to set the path of cryptocurrency mass adoption as well as in retail levels, LivenPay will Implement a crypto payment gateway for merchants through this way, merchants will be paid with fiat.
Furthermore, in the blockchain space today there are smart contracts which are used to process varieties of transactions; thus LivenPay will have its own decentralized smart contracts, therefore its decentralized rewards protocol will be utilized so as to ensure efficient distribution of rewards while removing any iota of manipulation.
UNIQUE ATTRIBUTES OF LIVENPAY
Transparency: With the aid of blockchain technology LivenPay will have a transparent and trustworthy LVN to Fiat conversion rate, thereby any payment consumers make with LVN through LivenPay's gateway it will be converted to fiat and paid to the merchant. With the transparent nature of blockchain, LivenPay aims for liquidity and volume from its users which will be achieved as the LVN can be exchanged for food in many locations without any restrictions.
A Large Network Of Merchants: With LivenPay being an existing payment network with over 1,000 brick and mortar business in addition to over 40,000 customers using the platform to purchase food one can see there will be a need for more restaurants while LVN will be used in a daily basis.
The merchants, on the other hand, will not be affected at all as they will not be able to tell the difference in the currency used owing to the fact they will still be paid with fiat. Also, they can opt for LVN.An Efficient Platform For Charity Fundraising: LivenPay aiming to give back to the society will Implement fundraising support for charities where users will have the opportunity to share their LVN with a charity of choice. Charities, on the other hand, will be exposed to an audience of consumers at a time.
CONCLUSION
Never has there been a platform aiming to make it possible for users to pay for food with cryptocurrency while the merchants receive fiat; until the advent of LivenPay.
With LivenPay achieving its goals it will result in a platform which will set the right path to cryptocurrency adoption on a global scale.
LivenPay via the aid of blockchain will make it possible for users to send assets, split bills and reward on a peer-to-peer basis.
Furthermore, with LivenPay merchants will have the opportunity to be exposed to the right audience while users who are the core of the LivenPay ecosystem will always receive a portion of their payment in LVN as their reward when they pay for a meal.
The token of the platform is known as LivenCoin (LVN); LVN will be an ERC20 utility token based on Ethereum blockchain with a total supply of 10,000,000,000.
FOR MORE INFORMATION ABOUT LIVENPAY
Website: https://livenpay.io/
LinkedIn: https://www.linkedin.com/company/liven/
Telegram Group: http://t.me/livenpay
Twitter: https://twitter.com/livenpay
Facebook: https://www.facebook.com/livenpay
Medium: https://medium.com/livenpay
Whitepaper: https://s3-ap-southeast-2.amazonaws.com/livenpay.io/LIVEN-WhitePaper(EN).pdf
Register: https://go.livenpay.io/AaYPZNcaGU
Author's Bitcointalk Username: Flezy
Author's Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2187485
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