This material is available only on bibliotequer
25 Oct 2019 
admin 
The issue of payment has been a problem for most industries and also individuals who need an easy way to make transactions without having to do much.Looking at the evolution of transactions,in the early days exchangeof goods and services was already being practiced and method of payment for trasactions evolved as trade by barter to the use of coins.After coins then came the fiat money which actually is the most popularly used today,but this also came with its challenges.For instance,a woman going to a grocery store to get some vegetables to use for the evening and she has kept her fiat money(cash) which is going to serve as her payment method after picking up the vegetable,only for her to get her purse stolen by a thief just few metres away from the store.Problems like this and more are what makes the fiat monetary system risky.
The banking system has been able to solve or reduce this problem with the introduction of electronic banking whereby payments are now done through the use of credit cards,paypal,tencent and a host of others.This has improved greatly on the fiat system in the aspect of security as cash used for payment is safely kept in the bank account of the owner.But it also has its shortcomings of slow payment when doing international payment, and transaction fees when using credit card.These problems faced by the electronic banking system was solved with advent of the cryptocurrency but recent attention placed on it has made it slow due to a lot of users getting into it.Also its high cost for transactions made on it has not made it a perfect medium for transactions.
Now imagine a world where physical cash is not needed and transaction fees are at a low rate for individuals or business firms to perform payment transactions,will that not be marvelous?
This is a dream which an innovation called Nexty is trying to bring to reality and this brings us to the question,
What is Nexty?
It is a platform which has been created to actually make sure money transferred is received instantly at the other end,with a low transfer fee being charged for this transaction.Nexty also wants to reduce the aspect of inflation by making sure prices everywhere all over the world are stable.
Nexty does its job by working together with partners for easy and quick payment.For a transaction to be done the deposit is transferred to the receiver’s
The banking system has been able to solve or reduce this problem with the introduction of electronic banking whereby payments are now done through the use of credit cards,paypal,tencent and a host of others.This has improved greatly on the fiat system in the aspect of security as cash used for payment is safely kept in the bank account of the owner.But it also has its shortcomings of slow payment when doing international payment, and transaction fees when using credit card.These problems faced by the electronic banking system was solved with advent of the cryptocurrency but recent attention placed on it has made it slow due to a lot of users getting into it.Also its high cost for transactions made on it has not made it a perfect medium for transactions.
Now imagine a world where physical cash is not needed and transaction fees are at a low rate for individuals or business firms to perform payment transactions,will that not be marvelous?
This is a dream which an innovation called Nexty is trying to bring to reality and this brings us to the question,
What is Nexty?
It is a platform which has been created to actually make sure money transferred is received instantly at the other end,with a low transfer fee being charged for this transaction.Nexty also wants to reduce the aspect of inflation by making sure prices everywhere all over the world are stable.
Nexty does its job by working together with partners for easy and quick payment.For a transaction to be done the deposit is transferred to the receiver’s
Nexty account,thereafter a contract is set and the acceptance of this contract by Nexty’s partners is done on a specific period by just scanning the QR code on the receiver’s device e.g a phone.All other steps will be carried out on its own.Easy!
What benefits does Nexty want to give to the world?
Nexty has been able to look at the problems faced by individuals and businesses before they can perform their daily transactions and wants to curb these problems by providing a payment system that is very easy to use and is also very fast when performing these transactions,attracts low fees and also provide a stable price system that doesn’t change easily keeping the privacy and confidentiality of it’s users intact.Nexty provides a lot of users the priviledge of using it’s network for transaction with high speed and low cost in the shortest possible time.
Nexty is focusing on using the financial technology by helping it with a means of payment that is fast and attracts low payment with the introduction of its duo cryptocurrency confirmation system.It consist of NTY(Nexty) and NTF(Nexty Foundation Coin) for daily transactions and for confirmation of transactions done with a benefit being given by the PoF for transactions done.
Conclusion
Nexty is equipped with the technology to make sure transaction in the future easy and safe.Looking to build a world where transactions can be done safely and fast by individuals and businesses without any stress attached.
What benefits does Nexty want to give to the world?
Nexty has been able to look at the problems faced by individuals and businesses before they can perform their daily transactions and wants to curb these problems by providing a payment system that is very easy to use and is also very fast when performing these transactions,attracts low fees and also provide a stable price system that doesn’t change easily keeping the privacy and confidentiality of it’s users intact.Nexty provides a lot of users the priviledge of using it’s network for transaction with high speed and low cost in the shortest possible time.
Nexty is focusing on using the financial technology by helping it with a means of payment that is fast and attracts low payment with the introduction of its duo cryptocurrency confirmation system.It consist of NTY(Nexty) and NTF(Nexty Foundation Coin) for daily transactions and for confirmation of transactions done with a benefit being given by the PoF for transactions done.
Conclusion
Nexty is equipped with the technology to make sure transaction in the future easy and safe.Looking to build a world where transactions can be done safely and fast by individuals and businesses without any stress attached.