KITTOKEN: A SIMPLIFIED WAY TO PAY DIGITALLY

Payment can be described as trading something of value for exchange of goods and services between buyers and sellers, businesses and so on. It basically concerned with exchanging a legal tender for the acquisition of products and services.

Digital way of payment may be seen as the use of digital assets, most especially crypto currencies for exchange of goods and services.

OVERVIEW

Starting from the era of trade by barter payment for goods and services was through the barter process where a buyer had to find a seller that had what he wanted to exchange and vice versa, to the era where items like salt, cowries and other items of value example, Gold were used for exchange. All this was done in a bid to make payment for goods and services.

The breakthrough came when the paper money was invented which generally served as a medium for payment for goods and services. In no time the use of paper money (Fiat) experienced a wide adoption by many countries.

The recent strives in technology has led to the creation of another medium for payment for goods and services called crypto currencies. This pay method was created as a result of the centralized nature of Fiat currencies and the institutions that provided them.

The world is going digital, this has led to the establishment of different digital platforms providing digital payment services but still had issues of transparency, speed of transactions and many others.

In light of these problems Kit token was created.

Kit token, a self-controlled financial servicing system which aims at providing a digital platform for payments for products and services adopting blockchain technology.

PROBLEMS ASSOCIATED WITH EXISTING PAYMENT PLATFORMS

The increasing adoption of crypto currencies by individuals and businesses is as a result of the short comings associated with existing digital payment platforms. Some the problems include:

• Existing digital payment platform charged cut-throat fees from users in executing payment transactions.
• They were very slow in operation which as a result could not be relied on for transactions that required speed in execution.
• As a result of lack of transparency users did not trust the services provided by these platforms, as there were cases of fraud due to cyber attacks on the system.
• They were also characterized with the issue of accessibility. Only a few persons could access their services due to geographical limitations.

SOLUTION

The Kit token platform through the use of its out of the box strategies offers the following solutions, which include:

• Using the Kit Pay platform payment transactions at your finger tips as it offers a very fast payment solution for products and services even across borders.
• Kit token utilizing smart contracts makes payment transactions on the platform transparent and secured, free from third party disruptions and fraud. This boosts user confidence on the platform
• Users can make payment for goods and services using Kit token which is cheaper and reliable.
• The platform adopts blockchain technology which solves the issue of geographical limitations, providing unlimited access to digital payment services on the platform.

Final Thought

Kit token seeks to offer efficient, transparent and reliable digital payment solution to users adopting blockchain technology and utilizing smart contracts.

Digital payment is made easy with the Kit token solution, make a decision to be part of this train of innovation.

Website | Telegram | Twitter | Facebook | Medium | Youtube | ANN Thread

Username: Jemma

Profile URL: https://bitcointalk.org/index.php?action=profile;u=2071893

ERC20 Address: 0x315399d7d97C60E329614De407695F29099Dc842