E-commerce, Micropayments and Cryptos — 5 obstacles that the Agate ecosystem promises to solve

Rahul Kumar
Sep 5, 2018 · 3 min read

Cryptomoedas , in general, are criticized for their meager transaction speeds.These are instances in which Blockchain interacts with multiple sub-systems and results in the delay of transfers. This was highlighted by many as the fatal flaw of digital assets in general.

While pre-existing Blockchains took the blame, there have been several innovations in the distributed registry ecosystem that have made it capable of handling complex transactions. Such capacity has made Blockchain employable in various industrial sectors.

Since crypto-coins were primarily introduced to change the face of global finance, Blockchain and other cryptographic technologies branched out in the financial sector to solve various problems.

In the segment, there are micropayments, for which the existing financial system presents substantial commissions even for transactions that hold less value. E-commerce can now be seen as a central space where most of the micropayments take place. That’s why there is a general need to bring a better micropayment infrastructure to help everyday users minimize their transaction costs in E-commerce transfers.

Enabling global micropayments using Blockchain

Agate is a robust Blockchain based cryptographic ecosystem that aims to link digital assets and fiduciary currencies. While the use of crypto-coins by the masses is a theme for most cryptographic products, Agate’s multi-Blockchain platform makes this a reality.

With instant transactions enabled through Blockchain Agate, Agate has several advantages for the average user. Agate also has several vital benefits for marketers, including a standalone commerce app, E-commerce API integrations, payment gateways, and even physical POS terminals that allow micropayments and more.

5 congestion that the Agate ecosystem promises to solve

Through its solution, Agate hopes to improve the usability of cryptomoedas. The project attempts to link merchants and crypto users with the goal of increasing the daily use of digital coins.

  • Market volatility: the Agate has an innovative solution to combat market volatility. Agate iFiat is a stable fiat fixed to cryptomoeda that will be issued in Blockchain Agate. Each iFiat unit is backed by a fiat unit (1: 1 ratio). iFiats can also be used for P2P interactions. When working in Blockchain Agate, iFiat supports instant transactions. The acceptance of iFiats by merchants will also be high, since they will keep their value stable.
  • Slow Transactions: The speed of transactions is what prevents CryptoEconomy from moving forward. By using the Blockchain State of the Art ecosystem , Agate guarantees instant transactions that would normally take several minutes or days for other Blockchains.
  • Trade Acceptance: The current levels of acceptance of crypto-coins are very low. This can be somehow attributed to transaction speeds, currency trading complexities, and the volatile nature of currencies.Through Agate, merchants can accept payments in crypto-coins and convert them instantly to the fiat of their own. Since transactions occur in real time, they have the possibility of using the physical POS system that accepts crypto-coins.
  • Transaction Rates: Daily Crypto-Coin transactions are deeply non-practical mainly because of the considerable transaction costs charged by brokerages and third parties. Blockchain Agate helps users transact with criptomoedas with minimum transaction values ​​(0.01 AGT), thereby paving the road for daily use and allowing for micropayments.
  • Complexities associated with holding a crypto portfolio:dealing with multiple crypto coins can be a struggle. Agate’s multi-currency mobile application allows users to negotiate, transact and store up to 17 different crypto-coins. Trading is further enhanced with an AI bot designed to help users optimize spending on crypto.

Conclusion

In solving some of the most significant problems faced by CryptoEconomy, Agate aims to take the crypto-coins to the masses. The Agate can be used as a daily alternative to banking products and provides extensive support to trade, helping the segment in the transition to the underground economy .

With its low transaction costs, near-instant agreements, and iFiat ecosystem, Agate may be the perfect fit for micropayments and E-commerce, as it allows users to purchase products or purchase services using crypto-coins.

Contacts

Name: Hamed Taghvaei

E-mail: media@agatechain.org

Published by: https://www.btcsoul.com/

Agate

Official Medium page for Agate | The world most comprehensive decentralised blockchain platform for instant crypto payments without volatility risk using iFiat Ecosystem.

Rahul Kumar

Written by

Marketing Manager

Agate

Agate

Official Medium page for Agate | The world most comprehensive decentralised blockchain platform for instant crypto payments without volatility risk using iFiat Ecosystem.

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