Senin, 15 Oktober 2018

‘Too Many Disappointing ICOs’. Crypto Payment Startup Launches With ‘No Funding’ Strategy

The team behind a new cryptocurrency platform designed to transfer the way consumers and businesses are paid, says it is putting its money where its mouth is – and has managed to launch without the need for an initial coin offering (ICO).
BLOC argues that too many ICOs have been popping up in the crypto world – disappointing users by failing to offer real products at their conclusion. By contrast, the startup says its platform already boasts “an exclusive set of mining tools, world-first features, and an unrivaled ecosystem to connect buyers and sellers.” The upbeat company has a “strong belief” in its no funding strategy, saying: “If we make a cool product, the value will create itself.”
The buzzwords BLOC uses to describe itself are “fully decentralized, secure, private, fungible, fast, and egalitarian.” It wants to help the crypto world shake off its image of only being suitable for investment by enabling individuals to use coins, as they would any other type of cryptocurrency.
QR codes would be one of the driving factors in making this happen, enabling consumers to offer it for scanning whenever they want to pay a merchant. BLOC says that these transactions would be processed instantaneously – offering security, not dissimilar, from contactless payments.
BLOC says that its platform is going to be open to developers, enabling companies to build their own products and engage with clients in a tailor-made way. Ideas proposed in its white paper include loyalty programs and automated regular payments.

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