SPARKPOINT - Reinventing Digital Payment and Building a Better Futu...

Blockchain technology has been the most rated and populous technology over the years. Despite the development and growth recorded with the use of this highly rated technology, there are still some things to be done for its 100% effectiveness and its success. There has been increase in global usage of blockchain technology and crypto-currency at large but despite this increase in the number of adopters of blockchain technology it is observed after series of researches that not even half of the world population have been able to use this great technology. There have been efforts from blockchain enthusiasts in the world to make sure there is global usage and adoption of blockchain technology.

Some factors are responsible for low usage and adoption of blockchain technology which includes: Lack of good and financial information, Lack of good internet network and High Level of Illiteracy in some region. It was discovered that some areas and regions of the world are still lacking behind in the aspect of internet network in which this has really affected the use of blockchain technology in those areas as a result of lack of internet network.

Another issue facing the financial ecosystem is the high transaction charges been charged by the platform. Before the onset of blockchain technology, people were been charged high rate for every transaction conducted in the traditional banking platform. The introduction of this technology has eradicated the traditional payment methods.

Another problem identified with the financial payment system is the dependency on the third-party which this has affected the way transactions are been done in some years back. Crypto-elites in the world have criticized the traditional banking system because the transaction method is slow, in-secured, centralized, lack of transparency and trust. Because of this there have been several crypto-currency project which aims to solve the problems facing the traditional system but at the end they weren’t successful with it.

Problems facing the financial platforms such as poor customer service, lack of financial literacy, lack of awareness on blockchain technology, lack of good KYC method, lack of good returns on investment are the reasons why the global adoption of blockchain technology and crypto-currency are lacking behind. There has been a team which has identified all these problems are fully ready to solve it all at once through the use of blockchain technology. This is why I will be introducing a great blockchain based project called “SPARKPOINT”

SPARKPOINT is a secured and transparent blockchain based platform that aims to improve the way transaction are been done between people. The manual transactions people have been doing over the years have received a lot of criticism as a result of irregularities that do happen through the manual payment method. SPARKPOINT will be the FASTEST, SECURED and most TRANSPARENT payment method in the history of crypto-currency. SPARKPOINT will be designed with the latest blockchain technology to solve the problems facing the financial industries. The security of the traditional system have been questioned over the years because we have seen lots of funds been lost to hacks and attacks from the centralized platform as a result of bad security system. Every day, we keep hearing about the hacks in one platform or the other in which the amount been lost in those platforms is not just a small amount of money and funds. This is the reason why SPARKPOINT have beefed up its security with the latest advanced blockchain technology. One good thing about blockchain technology is that it doesn’t need the services of the third-party before transaction can be done and this will reduce the security risks associated with the platform.

As I have said earlier on that SPARKPOINT will be the most trusted and transparent platform simply because the financial transaction will be recorded and documented on the blockchain network which can be accessible anytime of the day. Trust and Transparency are lacking in the traditional payment system and these problems arise as a result of lack of proper documentation of financial transaction.

High Transaction Charges is another problem SPARKPOINT platform will try to solve. As experienced by majority of users, traditional platforms have make charging of customers high fees as their hobby and this is really affecting the merchants a lot. The use of blockchain technology by SPARKPOINT platform will eradicate the use of third-party platform and make the transaction more direct between members of the platform. The transaction will simply be peer-to-peer without involvement of any third-party services.

SPARKPOINT point platform is designed with both MOBILE and WEB APP which will help users having easy access to the platform anytime they want. SPARKPOINT platform is designed with good user interface which will make it easy for users to navigate the system without any obstructions. There is also an integration of FIAT payment system into the platform which will help the customers getting their transaction directly into their local without any indirect conversion again. SPARKPOINT have upgraded their platform security through the introduction of email, phone and OTP verification for accessing the platform. This method will help securing the users funds.

Some other advantages of SPARKPOINT platform include the full integration of CRYPTO-CURRENCY EXCHANGE to ease the burden of converting one token to another, Introduction of Blockchain E-learning system to increase the literacy level, Introduction of SPARKPLAY game in which game lovers will earn more rewards from the games.

SPARKPOINT has created its own token to be used in the platform as transaction fees, reward payment, bills payment, peer-to-peer transfer and likewise payment of goods and services

TOKEN DETAILS
Token Name => SPARKPOINT TOKEN
Token Symbol => SPRK
Token Type => ERC20
Token Supply => 20,000,000,000

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