What is
ZANTEPAY is Estonian enterprise in the development of crypto-currency wallet, which goal is to integrate the functions of MasterCard, in order to allow users to use their cryptocurrencies at any time and in any place. ZantePay will receive support from good finance company, which provides financing options in Estonia. Users will only need to register, get a pre-order and start using their cryptographic card for transactions without any fees.
To be more concrete, this company wants to provide a solution that will allow users to easily spend their cryptocurrencies through a debit card using a multi-letter wallet.
How payments are executed?
Going shopping is very easy with ZantePay card. Let assume our user’s name is Alex:
- Alex swipes the card in the shop
- Card provider sends request to Zantepay backend
- Zantepay backend is connected with exchange through API to determine BTC
market price - Zantepay calculates how much Alex can spend with debit card
- Zantepay backend sends information to Card provider
- Card provider confirms transaction (in accordance with transaction limits)
- Card provider confirms transaction
- Amount of BTC from Alex’ wallet will be deducted
The image below shows how these processes are executed.
Advantages of ZantePay
ZantePay will consist of cryptocurrency multi-wallet and built-in MasterCard system. ZantePay cards will support spending of different types of cryptocurrencies. This type of integration will allow users to avoid main problems faced by the community of cryptocurrency systems:
- High costs, often resulting from exchanges
- The inheritable nature of digital assets
Consequently, ZantePay aims to offer the following set of solutions to the users: - ZantePay token is built on the basis of the Ethereum blockchain (compatible with ERC20) and will act as the main cryptocurrency
- Users can spend directly from wallet their Bitcoin, Ethereum, Litecon and Santicon using a prepaid card
- If the user uses ZanteCoin he will receive a 50% discount on all services in the ZantePay ecosystem
- ZantePay will offer a minimum fee for exchange, holders wallets, and will allow them to achieve easy liquidity
- The ZantePay wallet has an additional beneficiary option for the user to assign someone responsible in case something happens
Useful links
Twitter: https://twitter.com/zantepay
Facebook: https://www.facebook.com/ZANTEPAY
Telegram: http://telegram.me/zantepay
Whitepaper: https://zantepay.com/storage/Zantepay_Whitepaper.pdf
Website: https://zantepay.com/
IСO [15 April, 2018 - 15 July, 2018]
Author: @fvafhae
Bitcointalk(Fvafhae_): https://bitcointalk.org/index.php?action=profile;u=1461409