Zulu Republic 101: What is Zulu Pay?
This is the second installment in a new series of short posts explaining the fundamental concepts and objectives behind Zulu Republic’s products and services. Read about our overall vision for the ecosystem in Part 1.
Zulu Pay is being designed as the central hub of the Zulu Republic ecosystem. More than just another payments app, Zulu Pay will bring seamless, user-friendly blockchain transactions to the world. Zulu Pay is powered by ZTX, with features that individuals, merchants, and large businesses will love. Whether sending, shopping, selling, or even managing inventory, Zulu Pay will let you transact cryptocurrency in just a few simple steps, all wrapped-up in a beautifully-designed, multi-device platform with built-in best practices and a fun, engaging user interface.
Our ultimate goal for Zulu Pay is to provide instant cryptocurrency transactions at a very low fee thanks to a custom-built off-chain state management system (read more about off-chain state management and why it’s important for cryptocurrency adoption here). But the convenience of instant, low-fee cryptocurrency transactions still isn’t enough to really encourage widespread adoption. That’s why we’re also building Zulu Pay with an industry-leading 5% ZTX bonus for in-network purchases made with ZTX.
Zulu Pay will help support the Zulu Republic ecosystem as a whole while freeing even the most technologically-inexpert users to take full advantage of cryptocurrency transactions for the very first time.
Currently, Zulu Pay is available in Beta form, featuring a beautiful, user-friendly wallet with support for ETH and ZTX. Upon signing up for a Zulu account, a wallet is automatically created to hold and transact in both currencies, and users can even earn free ZTX during a 3-phase airdrop (phase 1 is already complete; phase 2 will be announced in the near future).
In future installments of Zulu Republic 101, we’ll discuss in closer detail how Zulu Pay will benefit individuals, freelancers, businesses, and nonprofit organizations.
To learn more about Zulu Republic and create your free account, visit our site. For regular updates on what we’re building, follow us on Twitter.
To try out Lite.IM, our full-featured BTC, LTC, ETH, and ZTX wallet for social media and messaging apps, just send any message on the platform of your choice: Facebook Messenger, Telegram, or SMS (US/CAN only: 760–548–3460).
