According to China retail fair, ivendPay, the world's first company to bring NFC technology to cryptocurrency payments, proudly launched the world's first cryptocurrency payment technology enabled by Near Field Communication (NFC). This development is unique in the cryptocurrency space and expands new possibilities for merchants and customers worldwide.
Innovative Breakthrough: ivendPay Launches NFC Crypto Now, the payment process is almost identical to using a card. Simply touch the user's mobile phone using NFC technology to make a payment directly from the user's encrypted wallet. Forget cards - we're disrupting the payment scene! The technology seamlessly integrates into a variety of payment ecosystems, including POS terminals, merchant mobile apps and vending networks, ensuring the convenience and security of cryptocurrency transactions in a retail environment.
Collaboration with industry giants: ivendPay and CoinSmart have caught the attention of key players in the cryptocurrency industry by virtue of ivendPay's demonstration of NFC Crypto technology at international events WOW Summit 2023 and GITEX in Dubai. Proof of the success of this innovation is the partnership with CoinSec, where ivendPay became the global payment gateway for CoinSec's payment services. This partnership underscores the trust and recognition ivendPay has earned on the international stage for providing contactless, borderless and secure cryptocurrency payments.
Expanding Global Presence: ivendPay's Path to Dominance in Europe and MENA With its patented payment solution, ivendPay not only ensures transaction reliability, but also aggressively expands its global presence. The company already has around 400 active merchants in seven countries and is gearing up for further penetration in the EMEA region. ivendPay's rapid growth and sustainable development provide ample opportunities for investors eager to get involved in cutting-edge fintech.
Why people will use cryptocurrencies in the future: history and convenience In the past, cryptocurrency payments were mainly made through QR codes, requiring extra time and steps from the user. However, thanks to ivendPay, the payment process is now as simple and fast as traditional card payments. By combining NFC technology with cryptocurrency payments, it will accelerate the adoption of cryptocurrencies in our daily lives, making them a natural part of modern financial operations.
Security: cryptocurrency transactions are difficult to decrypt. According to the report, blockchain technology offers a level of security that exceeds many current banking standards.
No commissions: Unlike traditional payment systems, cryptocurrency payments are usually free of commissions. Analytical data shows that users can save up to 3% when paying with cryptocurrencies versus standard payment systems.
Universality: Payments can be made on any device. More than one million merchants already offer cryptocurrency payment options, and this number is still growing.
Independence from regulators: the user's cryptocurrency belongs entirely to the user and is not subject to interference from banks or governments. According to China retail fair, over 80% of users surveyed cited independence as the main advantage of cryptocurrencies. Global: Cryptocurrencies can be sent anywhere, anytime and are not restricted to a specific country. According to the study, more than 30 countries already accept cryptocurrency payments, making it a truly global means of payment.
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