NUPay — The New Crypto-Payment Platform

6 min readMay 11, 2019

With strict capital controls in the vicinity by way of most international locations to manipulate the glide of money and charge high taxes, cryptocurrency received usage in circumventing capital controls and taxes, main to a make bigger in demand. Cryptocurrency has been capable to current a convenient to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent ample to add these currencies in their varied portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security strategies and verifies transactions personal to every user. Hence, counterfeiting and nameless transactions are not possible to achieve.

While this revolution is gaining huge acceptance, NUPay platform, the world’s first Smart Market which presents hyper neighborhood social networking designed by using a high-speed proof-of-activity blockchain has arrived.

“With the creation of blockchain technology, a number of industries have been impacted by using its disruption. The retail sector, in particular, has more than one blockchain possibilities that can change the way outlets sell, and through extension, the way consumers buy. But the role that blockchain science performs in reshaping retail relationships with the quit customers and how they buy wishes to be the on every retailer’s agenda.

The retail industry is preserving up with essential technological developments to improve itself and furnish consumers with better client experiences. Such a main technological advancement that has been adopted is by way of a ways the most disruptive one of them all: Blockchain — an allotted ledger technology.

Blockchain is a modern technological know-how that has disrupted industries past the virtual finance market. In fact, blockchain technological know-how is expected to attain integral adoption by means of 2020 and come to be typically normal by way of buyers with the aid of the year 2025. With admire to the retail market, blockchain technological know-how has purposes that are intrinsic to the backend retail processes. According to a survey, blockchain purposes in retail can enhance effectivity somewhere from 40% to 60%”

With that being said, the predominant goal of the NuPay task is to grant a ideal cryptocurrency fee answer the place users can perform all the price related operations. Implementation of blockchain gives security, transparency and reliability in the service.

Now that I have your attention, let’s get right to it.

What precisely is NUPay?

As depicted above and as indicated on the official whitepaper of Nupay, NUPay platform is a blockchain-based marketplace which ensures transparency of transactions made on the platform. Transparency of transactions ensures that shoppers can take better care of their property and thereby keep away from being ripped off. Blockchain science has made extraordinary strides imparting practicable options to age-long issues that has plagued humanity. For example, Bitcoin and ethereum have delivered about progressive thoughts and principles that have been of so a lot assist to humanity such as forex and smart contracts which has helped in finance, manufacturing, fitness and other sectors of the economy.

In addition, NUPAY is a monetary payment platform that will help in connecting each the merchants and the customers in the platform. To make the undertaking a successful one, they have launched their own native token (TPCT) which will be used in the platform as a medium of transaction exchange. NUPAY has made a partnership deal with the Korean ONLINE and OFFLINE stores which will help in the scalability of the TPCT token.

TPCT as the NUPay’s company token functions as a medium of trade and a keep of fee which can be spent and collected, credited, collected via the NUPay Platform. Nupay is a decentralized alternate market location built on the blockchain which pursuits to assist customers to monetize their goods and services while also giving them full manage over their services. The Nupay is a market where customers can put up their property up for sale in trade for TPCT tokens on the network. The TPCT tokens helps to tokenize the customers offerings on this platform and clients can get their preferred wants for a particular quantity of TPCT tokens equal in price to the customers obtained. Nupay as a market brings owners and customers collectively in a together beneficiary arrangement. The Nupay community ensures that asset are owned first and fundamental by using their creators who can then determine to give out these forex in exchange for a reward and the Nupay network makes this extremely handy with the assist of the token which is used as a ability of transaction on the network

Nupay is a blockchain ecosystem that pursuits to solve the problem of cryptocurrency usability in the crypto space. With TPCT, you can now make charge for goods and offerings the usage of your cryptocurrencies with the assist of the Nupay network. The aggregate of the TPCT card, and the TPCT exchange makes conversion of crypto assets into fiat so easy in order to facilitate online transactions by using users.

The plan under illustrates the Impending Challenge and the Solutions presented through Nupay

The Advantages

NuPay intends to come to be a perfect price platform for everyday charge settlements. It affords various price techniques and additionally to inspire customers it provides reward points, present vouchers and playing cards on every purchase of goods. Here users will be charged 2% of the complete quantity of items and this quantity will be credited in the form of tokens in NuPay wallet. These promotional tokens will inspire users to use NuPay for payments and consequently get benefits from modern blockchain technology.

Implementation of blockchain technological know-how in fee device will improve transparency and brings security. It also helps to cut unnecessary commission charges. This offers better benefit over typical charge system.

NuPay additionally furnish users huge quantity of preference for purchasing goods in massive community of stores. It is vital to word that NuPay patron support will furnish instruction on how to spend tokens for purchases. In order to get assist from technical guide team customers are furnished with choice in the menu area of the NuPay app.

TPCT Token

The platform utility token is recognised as ‘TPCT’, it can be used to purchase goods or services through this platform. The TPCT token will solve the problem of cryptocurrency usability via the NUPay Partnership with principal price gateways companies, present card, and reward factor issuers, and on and offline merchants.

TPCT token will be used as a transaction certificates when the user buys a service. Every transaction technique will be handled by clever contracts and cross-chain internet hosting technological know-how to make sure the authenticity, legality, and compliance. TPCT token will be used via the purchaser and vendor for transacting; it will be capable to obtain a real-time agreement and dispose of the risk and value worried with the typical way of fee on existing platforms.