EROSCOIN Platform: Multicryptocurrency Payment Gateway ICO

  • Blockchain , Payments
  • 03.10.2017 08:26 am

EROSCOIN, the platform set to empower & enhance the payment systems on blockchain, is pleased to announce its upcoming ICO.

The ICO is for the development of an innovative blockchain utilizing peer-to-peer and value-of-transfer protocol to solve global payment problems.

EROSCOIN

By using a blockchain-based ecosystem, payments will be decentralized, thereby solving the problem of intermediaries inherent in traditional online payment gateways and improving transaction speed. Blockchain will also ensure privacy, enforce security, and facilitate global transactions in multiple cryptocurrencies between suppliers, distributors, businesses, and consumers, at a fraction of the cost.

Smart contracts will also be used to negotiate and close payment agreements between parties. Once an agreement has been established, smart contracts will verify the accuracy of payment and expedite it to the correct counterparty. This allows for a high degree of automation, without the need for human intervention.

Smart contracts will also be made available for audit purposes, increasing the transparency of the process and security.

Traditional payments often come with high risks and restrictions attached, especially international transactions. A decentralized payment gateway like EROSCOIN — which accepts more than 500 cryptocurrencies — are much safer and less vulnerable to malicious attacks. Once payment is recorded and confirmed on the blockchain, it cannot be altered. The absence of human elements in all transactions reduces error and fraud.

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