International payments
Today almost every politician and international corporations talks about the need to globalize human efforts, but in fact they seem just to create more restrictions and make international trading and cross-border cash flow more and more inefficient.
Imagine that you are working in one country and your family live in another. You would like to send them some of you hardly earned money to help you mother, but you have to give large part of this sum to banks and other intermediaries. You will pay fee for transaction, fee for the payment, fee for the conversion of currency and fee for cashing. In some cases it may take up to 30% of the sum, and it is enormous.
One more example of “robbery” is depositing and withdrawal of money from different platforms. If the platform itself does not registered in your country or uses the bank, which have no filial in your country, you seem to overpay a lot. It may be even 30-dollar commission for one single payment. If you are going to send 1000 dollars it may be fine, but if you want to perform transaction worth 50 dollars, you obviously would not like to pay 30 more.
Nexty solves these issues with ease. You and participant may register account within network for absolutely free and then perform payments with no fees at all. There are no tricks or hidden payments, such terms became possible thanks to several new technologies, which were developed and implemented by Nexty team. We hope that in future even more shops and portals will start to accept NTY as payment method, but today you can already use it for your private payments.
Elimination of escrow
Most of people who perform payment with escrow do not even realize it. Sellers prefer to hide such conditions, because this technology, undoubtedly, decreases the risk of fraud, but it also limit the free flow of the money and require a certain payment for usage.
Therefore, you may not even know that you have already payed for escrow, but it had been already included in the fee. We live in blockchain era and it allows to eliminate need to trust the receiving party, because every payment can be publicly confirmed in several seconds.
Moreover, smart contracts may grant that accepting part will not get money until all the obligations were met and the transaction was confirmed by the payer. And the payment is instant. You may think that all bank payments are instant, but it is not true. Even if you send money today, the accepting side may use them only in several banking days. In such conditions, companies need to increase the prices to have a proper flow of means.
Nevertheless, if the business, or company or shop uses Nexty, there is no need to wait. Payments are not fast, they are literally instant. You payed with NTY, shop accepted payment and sent the item you had payed for. There is no need to hold large amount of tokens in reserves: it gives opportunities to decrease the prices of items or services and get competitive advantage.
Official Website- https://nexty.io/
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Whitepaper- https://nexty.io/nexty-whitepaper.pdf
Blog- https://medium.com/@nextyio
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Author https://bitcointalk.org/index.php?action=profile;u=1379266