WHY THERE IS A NEED FOR LIVENPAY

aaaxpress (33)in #crypto • 6 years ago

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Most times I ask myself, can one really talk about launching a product without talking about Implementation of technological possibilities, that is the opportunity technology has given us to enhance our business, products and services.
Well, in reality, one can't be mistaken for saying technological advances will help both existing and upcoming projects to achieve the growth to the required height. Talking about technological advances, we have Machine Learning, AI, Big Data and most trending now called blockchain technology. The reason why blockchain is trending today is owing to the power and empowerment it has given developers to create new and amazing projects.
Owing to this empowerment by blockchain, developers can successfully implement blockchain features into existing projects to enhance it so as to serve users well. This is the case of a blockchain-based platform known as LivenPay.

The main aim of LivenPay is to Implement the technology into its existing network while having its network currency so as to reach far and wide while serving users.

But, In spite of all the astounding open doors associated with blockchain, cryptocurrencies are yet to go mainstream or adopted into real-world uses. This absence of adoption is owing to the reality cryptocurrencies are yet to be utilized for the exchange of goods and services which enormously is because of the absence of merchants who are willing to acknowledge cryptocurrencies as payment. In the same way is the unstable nature of the cryptocurrencies, this is also one of the issues limiting cryptocurrency adoption.

Notwithstanding the previously mentioned issues related to cryptocurrencies which are restricting it from been received on a worldwide scale which LivenPay plans to tackle; there are different issues which need well-suited considerations.

A study has shown that reward and loyalty programs being utilized by existing organizations is not proficient for merchants. Similarly, with the increase of third-party platforms users are charged more while these third-party services take home the big pay.

Additionally, a study has shown that lack of adoption confronting blockchain and all things considered digital currency can likewise be compared to the absence of compatibility and ease of use with existing systems.

Thus by aiming to solve these problems, LivenPay will make cryptocurrencies fit for payment of goods and services along these lines setting the way for mass adoption.

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WHY THERE IS A NEED FOR LIVENPAY

LivenPay is a blockchain platform built to set a way through which cryptocurrencies will be utilized regularly, thereby giving rise to a global reward network with its very own coordinated payment services.
LivenPay has been in existence since 2014, thereby having in excess of 400,000 users while handling millions in payments at the same time remunerating its users for each transaction they make.

LivenPay and Blockchain
Blockchain is very vital to LivenPay platform as it makes it possible for LivenPay to have their very own digital currency subsequently having the ability to fathom the previously mentioned issues.

With blockchain innovation and in that capacity through cryptocurrency, LivenPay will most eventually eliminate price instability which is accomplished through a unique conversion rate which gives LivenPay's token a purchasing power for it to be utilized within the platform.
Similarly, in order to set the way for cryptocurrency mass adoption just as in retail levels, LivenPay will Implement a crypto payment portal for merchants, thereby making it possible for them to be paid with fiat.

Besides, in the blockchain space today there are smart contracts which are utilized to process assortments of transactions; in this manner, LivenPay will have its own decentralization smart contracts, thereby with its decentralized reward protocol LivenPay will guarantee proficient conveyance of remunerations while shutting off ill activities.

WHY LIVENPAY IS WORTHY OF THE ATTENTION

With the guide of blockchain, LivenPay will have a straightforward and dependable LVN to Fiat conversion rate, in this way any payment buyers make with LVN through LivenPay's portal it will be changed over to fiat and paid to merchants. With the transparent idea of blockchain, LivenPay goes for liquidity and volume from its users which will be accomplished as the LVN can be traded for food in numerous areas.

With LivenPay being a current payment network with more than 1,000 physical business in addition to more than 40,000 users utilizing the platform to buy food, one can see there will be a requirement for more eateries or restaurants while LVN will be utilized every day.
In the same way, merchants won't be influenced at all as they won't most likely differentiate the money utilized for payment as they will, in any case, be paid with fiat unless the request for LVN.

LivenPay also aims to make the world a better place by making it possible for users to impart their LVN to a charity organization they want.

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CONCLUSION

With LivenPay setting strategies to accomplish its objectives, it will result in a platform which will set the correct way to digital currency or cryptocurrency adoption on a worldwide scale. Therefore through the guide of blockchain, LivenPay will make it workable for users to send, split bills and reward on a distributed premise.
Moreover with LivenPay, merchants will have the chance to be presented to the correct consumers while users who are the centre of the LivenPay ecosystem will dependably get a segment of their payment in LVN as their reward when they pay for food.

The token of the platform is known as LivenCoin (LVN) and will be an ERC20 utility token dependent on Ethereum blockchain with an all-out supply of 10,000,000,000.