Zeex vs. Zeek
Zeex will allow people to spend their cryptocurrency directly on in-store products without paying fees or converting to fiat currency. The aim is to solve the major issue in cryptocurrency, which is the lack of liquidity — for a currency, Bitcoin and other cryptos are really hard to spend on products! They’re more of an asset class at the moment, and Zeex is going to change that.
Zeex has a great relationship with and some of the same founders as the Zeek group, a company that runs a gift card marketplace. However, they’re two very different frms — let’s take a look.
Zeek Group
Zeek group is a fiat company, meaning people use government-backed currency like dollars or euros to buy products. Zeek customers purchase cards and vouchers to be spent in store, and in doing that they save money — for example, you could spend $95 to buy $100 worth of Starbucks store credit. You can only spend that money in Starbucks, but you’ve saved $5 in the process.
Zeek is a centralized organisation — they own the company, and they’re in charge. They charge fees for their services, which is how they make their money. People use Zeek when they frequent a store often enough to want a bulk order of their currency or when they want a discount on a purchase they’re making. Zeek are a well-established company that have seen tenfold growth year over year for two years in a row, and they’ve made strong partnerships with major retail companies along the way. Recently, some of the Zeek founders saw a great opportunity to completely transform that business model and create a whole new company in the cryptocurrency space — here’s how it works.
Zeex
Zeex is a decentralized platform that allows people to spend cryptocurrency on products. First of all, there’s actually no fiat involved in the process. Cryptocurrency is exchanged for virtual gift cards to be spent directly in stores or anywhere else, without fees. In fact, Zeex doesn’t charge any fees whatsoever for services.
The Zeex platform is a blockchain protocol that operates autonomously — Zeex doesn’t even own it. No-one does! It’s a brand-new business model only made possible by blockchain technology.
Once the platform is launched, it doesn’t need outside management. ZIX is an ERC20 compliant token that acts as the key to the whole platform — users login with the ZIX token and use it to stake their place in the queue to buy their gift cards, which neatly orders the whole process and allows things to run quickly and smoothly.
The whole process is heavily encrypted on the blockchain with proprietary fraud prevention technology, meaning that nobody can ever see your private data, not even Zeex. You’re in control of your money, and your financial information.
This business model will bring liquidity to the cryptocurrency space and allow users to buy real products and services with no fiat and no fees.
Check out our Telegram for more info: https://t.me/zeexme
