Hello, people! Today I’d like to speak on a topic of current interest - the retail adoption of cryptocurrencies. In this article I will also speak about the possible solution of this problem. This solution’s name is Fluzcoin protocol - a retail platform that meets both consumers’ and sellers’ needs and brings cryptocurrency in our daily shopping.
There are mounts of ideas about how to bring cryptocurrency payments in our ordinary lives and when it is going to happen. However, we still cannot use cryptocurrency directly in an online shop. We still have to pay high fees to exchanges and other intermediaries. Why so? Let’s take a closer look at the problem.
One of the major problems is market volatility. It is a great thing for speculation, but it is terrible for everyday use. Last August Bitcoin used to cost $4700, today it is around $8000 and back in December last year its top price was f $19715. How can a retailer establish a sort of stable prices in Bitcoin with such a tremendous price slippage?
Fluzcoin team have created the exclusive Artificial Intelligence (AI) algorithm that will adjust the lots prices to the current cryptocurrencies’ rates. This algorithm will help the merchants significantly decrease or even eliminate any sort of volatility.
Another common problem with cryptocurrency payments is high transaction fees. The higher a coin’s trading volume is - the higher the fees are. It is a logical economic model: the price depends on the demand directly. Within Fluzcoin, all the consumers are free from any sort of fees. Minor fees will be covered by the merchants.
If we come back to the factors that prevent cryptocurrencies from entering our daily shopping, we should mention low transaction speed. We all know how annoying it can be to watch these endless block confirmations when the network is overloaded. Fluzcoin team has been working hard in order to boost transaction speed as much as possible. the latest tests have shown that the transactions are confirmed and added to the blocks within 6.45 seconds maximum. It is pretty fascinating, isn’t it?
As we can see, Fluzcoin protocol solves the three major problems and makes it possible to use crypto assets for shopping online. Also, there exists Fluz Fluz cashback application which helps consumers save money for the further shopping on Fluzcoin.
Actually, the platform is very secure for both sellers and buyers. A unique readable QR-code will be generated for every new transaction, so both sides are protected from any fraud.
In order to be supported by the community, Fluzcoin has been going through its initial coin offering now. Any investor needs to be whitelisted to be able to buy FLUZ tokens during the crowdsale stage. This token is unique, because it is based on ERC-20 standard (available during the ICO) and on Ethereum-powered Quorum blockchain (these are the stable FLUZ tokens. Any investor can change ERC-20 tokens on Quorum-based when the ICO is OVER).
To find out more about this project, you may visit the official website:
Read the whitepaper: https://fluzcoin.io/docs/Fluzcoin_Coin_Sale_Whitepaper.pdf
Join the official Telegram Group: https://t.me/joinchat/FaUXnVJkE62Onj6NcXuiPw[b
Announcements Channel: https://t.me/joinchat/AAAAAEwZbhk2suqJjoXs6g
My bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1433110
Fluzcoin - an Intelligent Retail Currency