Blockonomics: Payment Solutions for Global Crypto-Currency Receipts
Blockonomics is a blockbuster project, the founders of which carry out ICO - the public sale of BCK tokens in order to raise funds for the creation of a universal payment system for the use of bitcoin and some altcoys in the field of e-commerce.
Bitcoin and other crypto-currencies have been used as a method of payment in a variety of spheres, including e-commerce - the sale of goods and services on the Internet. And this is not surprising, because transactions with the technology of blocking have a lot of advantages, such as speed, anonymity, security, cost and lack of boundaries.
Bitcoin, appearing in 2008 from a group of programmers unknown with the pseudonym Satoshi Nakamoto. aims to implement decentralized, fast, anonymous, unlimited transactions between users with low commissions. Nevertheless, according to the online resource oracletimes.com, only 3 of the 500 largest online stores allow their customers to use bitcoin as a means of payment.
Functional Platform
Blockonomics platform has functioned as Wallet Watcher and BlockExplorer since 2015, working on improving the technologies for global adoption of bitcoin and other crypto-currencies. Blockonomics is a decentralized and permissionless Bitcoin payment solution, where our services enhance the functionality of the wallets you already own.
There is no crypto exchange offered to users, they still use the existing wallet. By using the Bitcoin Wallet Watcher, crypto currency holders can monitor all their wallets from one place at a time, receive email notifications about all transactions that pass through it, and view complete transaction history for each wallet.
All transactions of users are securely protected and encrypted. At the same time, to use crypto currency for purchases in online stores, users will not need to undergo any additional confirmations and procedures KYC (Know Your Customer), which will allow them to remain anonymous.
Another feature of Blockonomics is the ability to send crypto currency by e-mail using split-keys. This means that users will be able to translate their relatives and friends even faster without spending time on transactions with wallets.
One of the main advantages of the blocking and crypto currency technology is the ability to carry out cross-border transfers without any barriers. All that is necessary for conducting a transaction is access to the Internet, which every customer of e-commerce has. Thus, there is no need to convert currency and conduct cross-border transfers through different payment systems.
Moreover, bitcoin has no geographical limitations. While all the known payment system PayPal is not supported in Iran, Afghanistan, North Korea and Haiti. Crypto-currencies can be used by users from all over the world, regardless of location. The main thing is access to the Internet.
No Borders
One of the main advantages of the blocking and crypto currency technology is the ability to carry out cross-border transfers without any barriers. All that is necessary for conducting a transaction is access to the Internet, which every customer of e-commerce has. Thus, there is no need to convert currency and conduct cross-border transfers through different payment systems.
Moreover, bitcoin has no geographical limitations. While all the known payment system PayPal is not supported in Iran, Afghanistan, North Korea and Haiti. Crypto-currencies can be used by users from all over the world, regardless of location. The main thing is access to the Internet.
No fraud
Crypto-currency transactions through the technology of blocking are:
1. Transparent
2. Unreversible
This means that any transaction can be tracked, and their cancellation and refunds are not possible. This feature of crypto currency allows to significantly limit fraudsters in the possibilities of abuse of payment systems. E-commerce business, in turn, will save a large part of the profit, which is lost every year due to fraud.
When performing a transaction, the user provides an exceptionally secure public purse address, the use of which by the scammers will not entail any consequences. The private key always remains with the wallet owner, so access to it is completely limited.
No restrictions
Using crypto currency as a way to pay for purchases on the Internet through the Blockonomics platform allows users to remain completely anonymous - no requirements, confirmations or procedures for KYC. Users do not need to establish bank accounts or go through long checks and verification processes.
In order for users to perform operations with crypto-currencies, they do not need to meet any requirements. In the case of some banks, the client must at least reach the age of 18 and have a passport, and in the case of the possibility of lending, also provide information on incomes and their sources.
All these advantages and possibilities of bitcoin-transactions and operations with other crypto-currencies have led to the fact that the question arose about their application in various fields, including e-commerce. Despite this, the crypto-currencies have not been applied as widely as we would like.
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