Where JPAY is Needed (1) — Coin Karaoke
Gaining public popularity, blockchain and cryptocurrency have burst into the mainstream. They have piqued the interest of millions of people globally and led a massive new influx of talent and brains into the industry, with new ideas popping up every day.
However, on the other hand, some skeptics say they are fed up with the hype around blockchain, asserting that it is not rocket science. This notion is largely attributed to the inapplicability of its technology to the real-world. Even though there may be some in practice, still there are hurdles to overcome, which is true to some extent.
So, today, my article signals the first content of the “Where JPAY is needed” series. This series aims to shed light on places where JPAY is in desperate need. I am going to introduce three places that I think JPAY should be adopted to persuade future blockchain consumers.
What is Coin Karaoke?
Over several years, coin-operated karaoke machines have taken over South Korea. Many Koreans go to Coin Karaokes to blow their stress away with small money. Basically, it’s becoming routine for many in South Korea. To be honest, I went to Coin Karaoke the other day to let go of my stress from work. I wanted to upload a recorded a video, but I was not confident enough! Yes, this is how the screen looks like.
Coin Karaoke is different from the traditional form, which is more expensive and time-consuming. Instead of booking rooms for at least an hour, singers can belt out a few songs for a dollar. We only have to insert money as if using a vending machine to get some fizzy drink! It also secures our privacy with compact booths that can be enjoyed alone or with a friend. What a nice place to chill huh? This is the one and only place where I can be BTS.
Why JPAY is needed in Coin Karaokes
Wanted to drop by Coin Karaoke on the way home but forgot your coins? This is frustrating even by imagining the situation. As we are living in, or moving forward to cashless society, the demand for mobile payment and adoption of cryptocurrency is increasing.
JPAY Silver has been widely used in small transactions since its creation. If JPAY Silver can be used in Coin Karaokes, it would be extremely convenient for many people. There would be no need to save quarters in a bowl now. You just turn on the application on your mobile and wave near a payment machine.
This will benefit the owners of Coin Karaokes. This is because there is a significant number of people deterred from enjoying Coin Karaokes, only because they forgot to bring coins. Everyone carries mobile phones these days, so there is no risk of failure. So, owners benefit from more revenues while consumers benefit from the convenience.
Therefore, the adoption of JPAY Silver will benefit both sides of economic agents. In the end, this will have a positive impact on the economy. JPAY platform aims to contribute to the society by encouraging people to join our ecosystem, where they can benefit from lower price, faster speed and better security. Therefore, the collaboration of JPAY platform and Coin Karaoke makes sense.
The next series is “Arcades”, where you can play on various types of games. Are you ready?
※ For more information about JPAY Platform, please visit our website at https://jpayplatform.com/
