A concept as remarkable and revolutionary as Cryptocurrency - hangs in the balance of trade interest to determine its true value. Enough and more has been said about the status of Bitcoin and other Cryptocurrencies - are they a currency? ...or are they a commodity? But regardless of what the verdict on their status is, the true value of cryptocurrency and the vision that gave way to the formation of Bitcoin cannot be actualized in the absence of adoption on a global scale.
The issue at hand is utility, the fact that there are only but a few avenues where cryptocurrencies are accepted as a legal tender or tradable asset is what is keeping this remarkable Fintech concept limited to a few.
PaidEx - the Future of Cryptocurrency
PaidEx is a retail transaction platform that uses the efficiency and security of Blockchain to allow you to make everyday purchases through Cryptocurrency. PaidEx will allow users to pay bills, shop for groceries and even purchase cryptocurrencies across millions of mainstream outlets by using Cryptocurrencies. Through a flawless interaction between a smartphone and a patented PoS terminal, PaidEx will make two-way transactions simpler than swiping your debit card and offer users the ability to transact with over 14 different cryptocurrencies across all participating merchants through a triple layer security protocol. Merchants will be able to benefit from a fractional charge on goods and services plus benefit from the potential token value gains.
PaidEx enables users to:
Buy or Sell cryptocurrencies through a Point-of-Sale (PoS) device
Buy anything using cryptocurrency through the PaidEx DTPS (Digital Transaction Processing System (retail point-of-sale)
Pay peer-to-peer using mobile (like online banking)
To have PaidEx recognized as a ‘Personal Banking System’ backed by the users own PaidEx Wallet and managed by the user and only the user.