Bitcoinus - bringing crypto assets to all stores
Hi steemers,
today I'm about to bring you one new and exciting project, Bitcoinus. Bitcoinus is a blockchain project that tries to bring spending, storing and receiving crypto asset to all businesses, retailers, and B2B.
In general, their announcement thread states that they will bring instant spending of crypto assets in e-commerce, integrate over than 100 altcoins throughout a year-long period of time and the most interesting statement is that they will develop plugins for all big e-commerce platforms (Magento 2, Shopify, Wordpress, ZenCart, WooCommerce, OpenCart, PrestaShop). And for BIS token holders transaction fee will be only 0.5%.
In my opinion, if they manage to accomplish promised above, it will be wonderful, and I would dare to say. Revolutionary! Why? Because we all know how many drop shipping businesses are opened daily, imagine all of them would suddenly be able to use crypto as form of payment. I was searching recently for a solution like this for my own shop and couldn't find anything intended for smaller businesses so I gave up.
How will they try to do it? I will try to explain it with help of their whitepaper. Conventional transaction with a credit card has these steps:
- Buyer uses their bank card to make a payment.
- Necessary currency amount gets transmitted over the payment processing service provider.
- Payment processing service provider transfer the transaction data to Card association.
- Association transmits the payment request to the bank.
- Transaction finalized
- Payment provider delivers the result back to Seller.
- Card association sends the information back to the payment provider.
- Bank either approves or declines the requested transaction.
But with Bitcoinus merchants will be able to shorten this process to only four steps.
- A potential buyer desires to purchase an item with a preferred cryptocurrency
- They select the desired Altcoin.
- Bitcoinus platform proceed with the payment.
- After the transaction is done — both parties get notified. Done.
Also they are implementing merchant reputation system where all transactions will be scored so clients will be able to find 100% trusted merchants and vice versa, 100% trusted merchants will be able to do business with 100% trusted clients.
As main concern of any decentralized currency is essentially a risk of fraud, so Bitcoinus online payment solutions and payment processing they will ensure that only you control your private information about all of your assets. The whole Bitcoinus solution will be designed to move further away from centralization of information and ensure that no single entity can affect any information. By affecting they mean no one but you can see, impact nor manipulate any financial data of any other individual or business, not even them. That will be accomplished by knowing all private keys of the wallets only to the owner of that particular wallet, similar as in all other blockchain based solutions.
If you decide to invest in this ICO you will catch amazing benefits for yourself, future BIS token holder:
-0% merchant transaction fees when payment is done in BITS.
-Implemented merchant reputation system to ensure secure transactions.
-All-season-long sales from most of Bitcoinus retail partners.
-Maximum liquidity of BITS tokens ensured by trading in all major exchanges.
-Bitcoinus team tokens locked for 12 months - no market manipulation.
-Online crypto payments industry growth to boom in exponential progression.
For more information about this great project read their whitepaper https://www.bitcoinus.io/docs/Bitcoinus%20Whitepaper.pdf or visit their website https://www.bitcoinus.io/
You can join Bountiyhive and earn BITS tokens, follow: bountyhive.io/join/Bitcoinus
Great post!! I'll be going trough whitepaper soon ;)
Thanks :)