What Is KonPay(KON)? Complete Guide & Review About KonPay

What Is KonPay(KON)?

The goal of KonPay is to build a new payment service system that can improve the problems of high fees and long settlement cycles, which were structurally inevitable in the existing payment system.

They will provide a new solution for fees and settlement cycles by utilizing blockchain smart contracts and crypto-economy to replace various intermediaries in the existing payment system.

KonPay is a blockchain payment service project that provides incentives and rewards to all participants, and provides a convenient payment service platform for merchants and users through the app, thereby facilitating interaction between users and liquidity of digital assets.

Important Points Table Of KonPay

How to Buy the Continental & Trade On Exchange?

Blockchain-based integrated management system

KonPay provides merchants with a service that allows for faster settlement than the settlement period of the existing payment structure. By providing a smart contract-based integrated management system, merchants conveniently provide an integrated management system that includes sales, profit, expected refund amount, credit, and transaction history.

On/Offline Integrated Payment Platform

By combining rich integrated payment service experience and blockchain technology, we provide a next-generation integrated payment platform that can be used immediately in the field, and provide all payment solutions necessary for online and offline payment environments such as self integrated payment solutions and terminals to all businesses, including small businesses. provide.

Multi-digital asset payment support

By flexibly responding to the price volatility of digital assets and using its own utility coin and instant settlement method, both service buyers and merchants can receive benefits and rewards when paying with KonPay Token, and are free from the effects of price volatility.

Build

The goal of KonPay Coin is to build a new payment service system that can improve the problems of high fees and long settlement cycles, which were structurally inevitable in the existing payment system. They will provide a new solution for fees and settlement cycles by utilizing blockchain smart contracts and crypto-economy to replace various intermediaries in the existing payment system.

KONPAY is a blockchain payment service project that provides incentives and rewards to all participants, and provides a convenient payment service platform for merchants and users through the app, thereby facilitating interaction between users and liquidity of digital assets.

Merchant membership fee and additional payment fee

In general, small business owners must pay subscription (registration fee) costs to PG or VAN companies in order to use payment services. This registration of payment services sets the merchant fee rate, where both PG and VAN companies charge lower merchant fees to large businesses such as Amazon rather than small businesses, so small business owners have to pay higher transaction fees than large department stores or large online shopping malls.

Blockchain-based Payment Solution

KONPAY is a fast and inexpensive end-to-end payment platform that improves the inefficiency of the existing payment system through blockchain-based smart contracts and its own coin economy ecosystem. In order to improve the inefficiency of the existing payment structure and build a platform to secure users, the following should be considered.

First, it should be possible to implement a platform with good payment processing speed and good accessibility. Although it is a low payment fee, it is inconvenient for users to use, and if there is inconvenience due to the long waiting time for each payment, the merchant has no choice but to consider introducing a new system.

Blockchain-based Integrated Management System

KonPay Coin intends to provide merchants with a service that allows for faster settlement than the settlement period of the existing payment structure. While the settlement cycle of the existing payment service usually takes more than two days, They can achieve a settlement speed more than three times faster by using a smart contract. By applying blockchain technology, the roles of many existing intermediaries can be handled with one platform, so not only the settlement cycle, but also the costs incurred in the settlement and payment steps can be minimized. It becomes possible to use a payment service.

On/Offline Integrated Payment Platform

By combining rich integrated payment service experience and blockchain technology, they provide a next-generation integrated payment platform that can be used immediately in the field, and provide all payment solutions necessary for online and offline payment environments such as self integrated payment solutions and terminals to all businesses, including small businesses. provide.

Multi-digital asset payment support

By flexibly responding to the price volatility of digital assets and using its own utility coin and instant settlement method, both service buyers and merchants can receive benefits and rewards when paying with KON PAY Token, and are free from the effects of price volatility.