What is the most popular way to transfer funds to the seller? A few decades ago, paper money was the only way. This method of payment had many disadvantages, but it has been used for thousands of years.
With the development of electronic technology appeared banks and bank cards. But they too cannot be called a universal and completely ideal means of payment. The fact is that the world is still divided into states, and each country has its own national currency.
Try to exchange dollars for euros, and after euros for dollars, you will notice that the initial amount you have significantly decreased.
This is due to the fact that a large number of intermediaries are involved in the money exchange scheme.
Cryptocurrencies solve this issue, as they are unified in any country. And yet, in order to make a payment, users have to launch a mobile app or use a desktop wallet, wait for several minutes, and in some cases tens of minutes, for the seller to verify that the transaction is confirmed.
Of course, this cannot be considered a step forward compared to bank payments, which, for all their shortcomings, are quite fast
The Shake to Pay feature is a unique opportunity for users of the KYCC ecosystem and the KYCC wallet in particular, to make payments without any in-app manipulation. Just shake your smartphone and your mobile device will display a list of people who have done the same action. Just select the recipient and confirm the payment.
Of course, Shake to Pay has a great future, because that is how payments should be made when it comes to giving money to your acquaintance or buying some product from a street vendor.
It will take some pre-configuration. In particular, it is necessary to generate a QR code and place it near the cash desk in order that everyone wishing to use the Shake to Pay function could scan it and confirm the financial operation.
It is worthy of note that such transactions don’t lead to the payment of commission fees to the third parties, as they simply don’t participate in the scheme. But a small commission will have to be paid. It is a blockchain fee.
It is not necessary to use the Shake to Pay feature in all cases. It is a feature designed specifically for those who value convenience, mobility, and their personal time.
As more and more merchants begin to accept payments using this method, Shake to Pay will grow in popularity, and shaking your smartphone will become as commonplace as paying by card now.
What is the Shake to Pay feature used for?
What is the most popular way to transfer funds to the seller? A few decades ago, paper money was the only way. This method of payment had many disadvantages, but it has been used for thousands of years.
With the development of electronic technology appeared banks and bank cards. But they too cannot be called a universal and completely ideal means of payment. The fact is that the world is still divided into states, and each country has its own national currency.
Try to exchange dollars for euros, and after euros for dollars, you will notice that the initial amount you have significantly decreased.
This is due to the fact that a large number of intermediaries are involved in the money exchange scheme.
Cryptocurrencies solve this issue, as they are unified in any country. And yet, in order to make a payment, users have to launch a mobile app or use a desktop wallet, wait for several minutes, and in some cases tens of minutes, for the seller to verify that the transaction is confirmed.
Of course, this cannot be considered a step forward compared to bank payments, which, for all their shortcomings, are quite fast
The Shake to Pay feature is a unique opportunity for users of the KYCC ecosystem and the KYCC wallet in particular, to make payments without any in-app manipulation. Just shake your smartphone and your mobile device will display a list of people who have done the same action. Just select the recipient and confirm the payment.
Of course, Shake to Pay has a great future, because that is how payments should be made when it comes to giving money to your acquaintance or buying some product from a street vendor.
It will take some pre-configuration. In particular, it is necessary to generate a QR code and place it near the cash desk in order that everyone wishing to use the Shake to Pay function could scan it and confirm the financial operation.
It is worthy of note that such transactions don’t lead to the payment of commission fees to the third parties, as they simply don’t participate in the scheme. But a small commission will have to be paid. It is a blockchain fee.
It is not necessary to use the Shake to Pay feature in all cases. It is a feature designed specifically for those who value convenience, mobility, and their personal time.
As more and more merchants begin to accept payments using this method, Shake to Pay will grow in popularity, and shaking your smartphone will become as commonplace as paying by card now.
What is the most popular way to transfer funds to the seller? A few decades ago, paper money was the only way. This method of payment had many disadvantages, but it has been used for thousands of years.
With the development of electronic technology appeared banks and bank cards. But they too cannot be called a universal and completely ideal means of payment. The fact is that the world is still divided into states, and each country has its own national currency.
Try to exchange dollars for euros, and after euros for dollars, you will notice that the initial amount you have significantly decreased.
This is due to the fact that a large number of intermediaries are involved in the money exchange scheme.
Cryptocurrencies solve this issue, as they are unified in any country. And yet, in order to make a payment, users have to launch a mobile app or use a desktop wallet, wait for several minutes, and in some cases tens of minutes, for the seller to verify that the transaction is confirmed.
Of course, this cannot be considered a step forward compared to bank payments, which, for all their shortcomings, are quite fast
The Shake to Pay feature is a unique opportunity for users of the KYCC ecosystem and the KYCC wallet in particular, to make payments without any in-app manipulation. Just shake your smartphone and your mobile device will display a list of people who have done the same action. Just select the recipient and confirm the payment.
Of course, Shake to Pay has a great future, because that is how payments should be made when it comes to giving money to your acquaintance or buying some product from a street vendor.
It will take some pre-configuration. In particular, it is necessary to generate a QR code and place it near the cash desk in order that everyone wishing to use the Shake to Pay function could scan it and confirm the financial operation.
It is worthy of note that such transactions don’t lead to the payment of commission fees to the third parties, as they simply don’t participate in the scheme. But a small commission will have to be paid. It is a blockchain fee.
It is not necessary to use the Shake to Pay feature in all cases. It is a feature designed specifically for those who value convenience, mobility, and their personal time.
As more and more merchants begin to accept payments using this method, Shake to Pay will grow in popularity, and shaking your smartphone will become as commonplace as paying by card now.
KYCC
KYCCOIN
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