Bonpay and the Future of Cryptocurrencies as Payment Methods

Jayanand Sagar | October 17, 2017 | 7:23 am
Bonpay, fintech, ico, crowdsale, cards, cryptocurrency
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Bonpay and the Future of Cryptocurrencies as Payment Methods

Jayanand Sagar | October 17, 2017 | 7:23 am

Whichever bright future that may be predicted for both Bitcoin and Ethereum, their availability as universal payment medium is still under question. The same can be said for other cryptocurrencies. Today, the most common payment options remain to be cash and credit cards. Cryptocurrencies have not yet reached the widespread adoption as a payment method, but they definitely will in the foreseeable future.

At the moment, bank cards are still the most widely used payment medium for both online and offline (Point of Sale) transactions. In places where credit and debit cards aren’t accepted, people resort to conduct transactions with cash. In the current scenario, there isn’t any room for cryptocurrency usage. But things are soon going to change, thanks to Bonpay.

Bonpay is an initiative of the team of experienced professionals and cryptocurrency enthusiasts, whose ultimate goal is to promote the use of cryptocurrencies. In order to do so, they are working on building a simple, fast and secure system that can be virtually used by anyone, anywhere. To turn their vision into reality, the creators of Bonpay are currently in the process of raising funds through crowdsale, happening this month.

By breakdown the cryptocurrency market, Bonpay developers realized that the reason behind the lack of cryptocurrency usage for transactions between businesses and individuals is the long transaction and confirmation times, high exchange costs, volatility and the overall complexity of the processes in today’s market. No one would want to wait in line at the cashier’s desk just to get confirmation of the transaction.

With Bonpay, comes a solution. Bonpay’s mission is to change the situation and remove these obstacles so the crypto-community can benefit from a stable and fast system. Bonpay wallet is a state-of-the-art, easy and convenient service, available from any device with fully-functioning web-version. The wallet will be compatible with its own mobile app for quick and easy access soon. Its users will have a Bonpay multi-currency wallet and private key which will be securely stored in the hot and cold storage to secure the funds belonging to users.

Through the wallet connected to Bonpay cards, Bonpay will be able to provide convenient solutions to their users by combining digital currency and traditional finance. These plastic and virtual cards can be easily loaded from the Bonpay wallet for both online and offline payments. Furthermore, withdrawals from these Bonpay cards will be available through a network of 30+ million ATMs across the world. The token sale is days away, and the early investors get to receive bonuses on their token purchase. The Bonpay platform is at the start line and ready for the race to find various applicable mediums for blockchain technology.

More information about the Bonpay ecosystem and upcoming crowdsale is available on the platform’s website.

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