Coinnup Fiat Central on Blockchain to Speed up Borderless Transactions with Self-Executing Smart Contracts Coinnup Follow Apr 7, 2018 · 3 min read

Researchers and think-tank around the globe have voted their strong opinion in favor of the worldwide usage of Blockchain powered B2B and B2C payment processing services in the upcoming years and have unanimously agreed on the fact that successful experimentations, in the recent past, have paved the way for Blockchain based payments to gain real-use cases.

The current merchant payment systems are limited to conventional currencies hence limiting the scope of crypto growth and coin deployments in the space of business payments, but the truth is cryptocurrencies have immense potential to change the way both domestic and cross-border transactions take place. The distributed ledger technologies convert the sender’s currency into crypto and then crypto to receiver’s currency. The method solves the buyer-seller proximity issues and transfers money securely and much speedily.

Disruption in Traditional Trade Finance Industry

A recent proof of concept is highly indicative of disruptions in traditional Trade Finance industry wherein Blockchain could radically reduce the compliance and functional costs. With massive investments pouring in for both banking and non-banking institutions experimenting with Blockchain technologies, we are witnessing an increasing number of promising start-ups coming up with incredibly secure, affordable and speedy payment technologies, both for domestic and international business transactions.

To achieve a similar zenith, Coinnup introduces real-life commercial solutions by offering an all-comprehensive platform for B2B and B2C businesses to operate their everyday small and large-scale payment processing needs.

Pre-ICO sale starts 23rd April, 2018

Coinnup’s Blockchain-based Smart Contracts

At Coinnup, we have incessantly researched on the most popular traditional payment systems and delved deeply into their pros and cons before building Coinnup Fiat Central — a technically fortified and the most original B2B and B2C payment solutions.

Coinnup makes the use of Blockchain based Smart Contracts to automatically execute payments whenever a delivery/shipment of goods gets verified successfully. The Smart Contract on distributed ledger technology eliminates the payment processing bugs found in conventional operating methods.

Again, in addition to traditional money (fiat) payments, Coinnup Fiat Central offers secure and hassle-free Fiat-to-Crypto and Crypto-to-Fiat transactions to facilitate small-big/individual-corporate transactions and verify them instantly without dependence on intermediaries.

What you’re reading here is just a glimpse through the window that opens up a whole new branch of Merchant Payments. Coinnup is a giant payment platform serving major financial components on Blockchain, including ID central, Fiat central, POS — Point of Sale system, Portfolio management, Smart exchange, and Universal Wallet.

Please visit ico.coinnup.com or directly download our White Paper from here, https://ico.coinnup.com/whitepaper.

Pre-ICO sale starts 23rd April, 2018

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