The onset of internet has made banks and other institutions that are based on finance to reconsider their value propositions, but further shifts in the financial landscape run deeper than the mere introduction of online banking, e-commerce or mobile payments. Currently, the dominant way of transferring value value in financial system and e-commerce still relies on clearing house and intermediary banks. Central ledgers are also kept for the recording of all transactions.
The Centralized banking sector has lost lots of it formal reputations and also it's efficiency as a result of continual increment in fee income. Banks make use of customers funds while providing a nearly zero interest rate and still subject customers to numerous and huge transaction fees on any transaction completed in order to support high maintenance costs and profits for shareholders.
Presently, there are some existing blockchain service providers that are focused, or intend to focus in the future on the particular tasks and problems by providing benefits and solutions to a particular segment of the society. But this services does not really help some users like merchants and customers, as they remain uninformed on the benefits opportunities and rules of the blockchain payment scheme and also business actors and citizens still doesn't about taxation rules.
Korona Ecosystem
Korona’s Ecosystem provides complete integrated bankable service packages that shall be provided jointly for both private and business customers. Users shall be provided with easy-to-use, transparent and licensed platforms that fulfill their complex needs, including among others wallet management, fast and low-cost payment technology, as well as fiat exchange.
source
Source
With the Korona Ecosystem, users shall be provided with transparent, easy to use and licensed platform that will fulfil their complex needs and also receive huge supporting services like taxation information support, client protection, commercial guarantees, as well as marketing or even market access support.
The platform will also provide marketable goods and services for purchase either online, or in real stores everyday and sill as well provide valuable financial benefits by reducing costs price and providing reward either after spending or receiving tokens.
The image above is the Korona wallet for individual users. It is downloadable for windows, Linux, and mac OS. It is designed to put all users in full control of their fund at all time.
Integrated and Streamlined System
This system is designed basically to support participating businesses in the adoption of Korona blockchain based payments. And this support system includes:
- Fiat payment service
- Korona business wallet
- Korona commerce platform
- Korona merchant marketing support
- Business taxation information support
- Korona's virtual cryptobank services
- Volatility Tempering mechanism.
Integrated Payment Framework
The Korona framework will include a digital payment platform in order to provide the necessary link between e-commerce store and cryptocurrency payments. This newly developed API is created with speed and security in mind and performs naturally with Korona tokens.
Korona Token
This is a currency token that us associated with utility tokens in the future that enables frictionless transactions of a wide range, and also serves as a medium of exchange and a store of value and can be used to purchase goods and services.
Token Distribution
Korona tokens will be distributed to each and every contributor's Korona wallet after a contribution is received.
Thanks for reading.
Image sources from theWhitepaper
If you wish to know more about Korona, visit:
Whitepaper
Website
Facebook
Telegram
Twitter
On Bountyhive, I am Folajuwon
The platform will also provide marketable goods and services for purchase either online, or in real stores everyday and sill as well provide valuable financial benefits by reducing costs price and providing reward either after spending or receiving tokens....this is amazing, more reason why I can't wait for the success of this project
It will provide an easy to use and licensed platform that will fulfil their complex needs and also receive huge supporting services like taxation information support, client protection, commercial guarantees, as well as marketing or even market access support.