BIZpaye Aims To Solve Current Problems With ‘CRYPTO’
As the crypto market grows and becomes more and more established, everybody is aware that anyone can actually create a token and launch it on the public as a ‘currency’
However, a closer look at the key management personnel in many of these projects, whilst expounding their years of success in a specific industry or their corporate careers spanning many years, the majority have no experience managing & developing a currency and especially lack the ability to deploy it at a merchant level with the current tokens having limited uses when it comes to monetization.
In reality, most newly launched tokens can only be used for investment purposes — dubious at best, for trading purposes between other tokens listed on exchanges and/ or converting to Fiat when the need arises. Most do not have nor will have a specific use and therefore limited long-term value.
In stark contrast, the BIZpaye management team, together with the technical support and onboard advisors, have decades of experience managing virtual & real currency’s in a merchant market. This provides a substantial competitive edge in terms of performance and achieving stated timelines and goals.
In addition and simply put, what most people want is to be able to use a crypto token in everyday retail spend and uniquely, BIZpaye has solved this! With it’s already established merchant market operating in 12 countries additionally in the process of accepting BIZpaye CRYPTO. With 1000’s of BIZpaye merchants that already accept virtual currency (BIZpaye barter credits) and ready to add this BIZpaye CRYPTO to their customer portfolio the future in indeed bright for this nascent crypto.
However, this also exposes a potential problem for example, if we examine the case of Bitcoin, the number one Crypto asset it is estimated that, regardless of its success and brand recognition, all of the publicity that it has generated and worldwide interest, only 100k businesses accept Bitcoin as a trading currency. Even more startling is the fact that there are no entities that actively recruit new merchants to trade & educate them on the benefits of accepting and trading in both Crypto currencies in addition to Fiat. Manage these merchants on a daily basis.
BIZpaye’s own research established that merchant’s still require localized education & support to accept crypto as a currency and that Merchants worldwide are reluctant to let consumers purchase products & services with crypto without themselves first having trust in the system & education on its usage and value.
Many Merchants need localized contact in order to be educated before they will accept crypto as a currency and, merchants in general will not easily be convinced into trading goods & services by a crypto token entity if that token entity is on the other side of the world & does not have localized support for the merchants.
With these points in mind, the fact that the BIZpaye’s office network is established 12 countries — and still expanding — has helped to solve this issue. — BIZpaye has been recruiting & growing merchant networks that accept virtual currencies (barter credits) for many years now.
Consequently, BIZpaye merchant’s already have an open mindset to accepting BIZpaye CRYPTO, our virtual barter credit currency, and because of their open mindsets to accepting a virtual currency, the deployment of BIZpaye CRYPTO as a means to transact is a simple process — they are Virtual Currency Ready!
Added to this successful formula is the fact that there are hundreds of other barter companies around the world & seeking to link their merchants into the BIZpaye CRYPTO ecosystem which will in turn open up BIZpaye CRYPTO to 10's of thousands more merchants worldwide.
The future is indeed Golden
To find out how BIZpaye and BIZpaye CRYPTO can help your business, contact us today for an obligation free discussion. Email us at info@BIZpaye.com
