An Overview Of AMEPAY - The future of the payment industry

assamkingsley (41)in #amepay • 4 years ago (edited)

The payment industry is one of the vital industry in the world today. It is one of the fastest growing industry in the world valued about $539 billion in 2017.

The payment industry has adopted the digital trend in the world today, as payment could be done digitally. This has payment settlement fast, seamless and convenient. Digital means of payment settlement includes PoS(point-of-sale), mobile banking remittance, etc.

However, the efficiency and reliability of this industry has been hindered by a number of challenges which include centralized operation, high transaction fees, susceptible security, complexity etc.

Blockchain technology is a cutting edge technology which has helped revamped the some sectors of the world. It provides a decentralized atmosphere for operations, security and privacy of information, scalability, transparency etc.
A very good product of blockchain technology is the cryptocurrency. Cryptocurrency has been a big blessing to the financial industry, as it has help move it to a new level. It impact could also be felt in other industries worldwide.

The integration of the blockchain technology into the payment industry would be of great importance, as it will help tackle the the challenges in the payment industry.
This integration is been made a reality through a project called AMEPAY.

Introduction To AMEPAY

images (6).jpeg

AMEPAY is a blockchain-based project which aims at providing a fast, secured and reliable payment alternative suitable for customers, merchants and payment aggregators.

AMEPAY is an initiative of AMEPoS which is one of the foremost provider of PoS services in different industries and sectors of the world such as healthcare, small scale businesses, etc.
Equipped with 8 years experience in the payment industry, AMEPoS will ensure that AMEPAY provides the payment industry stakeholders with a decentralized atmosphere to perform transaction coupled with a payment experience marked with increased efficiency, low risk transactions, loyalty bonuses and lots more.

Solutions Provided By AMEPAY

Low Transaction Fees; Transaction cost is always paramount on the mind of anyone performing a payment. With AMEPAY, a charge of 1% is all that is required for any payment settlement, unlike other payment providers which charges a high fees for payment to be processed. More so, payment done with AMEPAY will be fast, secured and with high efficiency.
Easy Crypto-to-crypto And Crypto-to-fiat Transaction; AMEPAY provides an opportunity for the payment industry stakeholders to participate in the ever expanding cryptocurrency economy, by enabling the execution of crypto-to-crypto and crypto-to-fiat transaction on its platform.
It also provides opportunity for payment stakeholders to store their funds or asset in cryptocurrency.
Privacy And Security; This is one of the foremost benefit of blockchain technology integrated into the payment industry through AMEPAY. All payment details are stored in a digital ledger called blockchain which is immutable and verified by thousand of computer. This guarantees security of data.
Payment details are stored using cryptography. If a payment details is to be viewed, it is shown that a wallet address sent an amount to another thus, hidding the senders and receiver details.
Provision of A Decentralized Payment Network; AMEPAY provides a payment network that is not control by a centralized authority. Through it utilization of blockchain technology, cryptocurrency wallet, different cryptocurrency, tokens and coins. Amepay will surely provide a decentralized network for making payment.
With AMEPAY cross-border transaction will be made fast, seamless and at low cost
AMEPAY will also provides an online payment gateway which support both fiat currency and cryptocurrenies. This will help stakeholders to adopt cryptocurrency in a seamless way.

AMEPAY in collaboration with AMEPoS will provide PoS services for startup businesses and encourage them to participate in the benefit of AMEPAY such as data analysis, low risk transactions, increased efficiency, loyalty bonuses etc.

AME Token
AME token is an erc-20(ethereum) token. It is built for AMEPAY payment network. AME token will be used to facilitate smooth running of operations such as payment settlement, fund transfer and lot more.
This token will be given as rewards for the loyalty program runned by AMEPAY.
AME token could be integrated into payment gateways if agreed by the gateway.

AMEPAY Wallet
This is a cryptocurrency wallet created by AMEPAY. It is used to securely store cryptocurrency assets and in future fiat currency. Users of the wallet will be able to view transactions details, balance, send and receive payment etc.
It is easy to use and will be available in various platform like android, iOS and computer.

images (5).jpeg

AMEPAY aims to create an e-commerce platform. It will be a decentralized marketplace opened to everyone for buying and selling of products, good and services. All payment on the platform will be settled using AME token. This will help in terms of liquidity for AME token.

Conclusion
AMEPAY is a project which has a team rich in experience in the payment industry, it competent team and the blockchain technology would provide payment services which would bring about a great revolution in the payment industry.
With AMEPAY payment would be much faster, secured, seamless, reliable, suitable for all and at a low cost.

images (7).jpeg