THELOGICALINDIAN - CopPay unlocks cryptocurrency for consumers merchants worldwideEveryone from hairdressers to accouterments manufacturers can now acquire blockchainbased money chargeless from transaction feesCopPay to barrage Initial Coin Offering ICO on October 30 2024
[Note: This is a columnist release.]
Payment arrangement CopPay will anon accomplish Bitcoin, Ethereum, and added cryptocurrencies accessible for anybody to use; acceptance both consumers and merchants to advisedly barter them in bricks-and-mortar retail food and accustomed e-Commerce locations globally.
CopPay’s absolute band-aid is powered by the Ethereum blockchain technology; an open-source way of creating a defended broadcast balance of transactions. The technology additionally provides added functionality – such as about auditable ‘smart contracts’; cyberbanking business protocols which developers can use to actualize programs.
Underpinning the acquittal arrangement is CopPay’s multi cryptocurrency ‘virtual terminal’: an easy-to-install software that can acquire any currently listed cryptocurrency, and additionally barter it for FIAT currencies: in absolute time, after transaction fees.
These terminals can be acclimated online or uploaded assimilate any accessory (PC, tablet, adaptable buzz or Point-of-Sale terminal) or congenital into any website. No specialist ability required. The merchant aloof needs to download software from the CopPay billow storage.
Payments can be fabricated anon from the applicant to the merchant’s cryptocurrency wallet and are accustomed aural annual (depending on the cryptocurrency acclimated in the transaction). If merchants accept to accept FIAT money into their coffer accounts, they can – after the anguish of amount aberration – artlessly by application the terminal’s congenital barter approach which converts it into banknote and deposits the money into the merchant’s coffer account.
“CopPay’s ambition is to acquire millions of our own basic terminals activity about the apple both in on and offline stores,” says CopPay co-founder, Vladimir Serzhanovich. “We plan to install them chargeless of allegation so that businesses can calmly access the apple of cryptocurrency. This way, merchants will be able to acquire and barter cryptocurrency for FIAT money, consumers will additionally be able to pay for appurtenances and services.”
There are already a cardinal of CopPay terminals activity beyond the globe, including machines activity in both Belarus and Chile. In the advancing weeks business owners from Germany, Mexico, and Lithuania will additionally accompany the CopPay community.
A archetypal use case for CopPay looks article like this:
The aggregation is ablution an Initial Coin Offering (ICO) on October 30, in adjustment to accession the accounts bare to abide its all-around expansion, and action anyone the befalling to advance in the platform.
CopPay affairs to about absolution 1,250,200,000 units of its own cryptocurrency – COP tokens – to investors during the ICO. At the time of release, 1 ETH will be account 19,000 COP tokens.
Eventually, CopPay’s appetite is to body its own blockchain, acceptance COP tokens to be acclimated as the primary transactional unit. Tokens that are not awash during the ICO will be arctic until the CopPay blockchain is active. More abundant advice about CopPay’s belvedere and how it works can be begin in the company’s ICO white paper.
“The added cryptocurrency that is acclimated as a agency of payment, the added applicable CopPay becomes. By deploying CopPay as a all-around acquittal network, we’re accessible for an exponential advance in the use of cryptocurrencies,” said Serzhanovich.
CopPay’s ICO will booty abode amid October 30 and November 30. Interested parties can annals to booty allotment on the CopPay website.
Images address of CopPay
