The e-commerce ecosystem is a budding one. With the advent of the internet came also on its wake a revolution to the way we buy and sell. The market moved from the conventional, traditional form confined to a geographical location to a seamless, borderless and global ecosystem of trade. With the introduction of this trade system came the need to create a like payment system to carter for the faceless nature and borderless status of this market, hence the use of cards.
PROBLEM IN THE INDUSTRY
These cards could provide payment means for goods bought online, services provided for etc. across the globe. However, this only provided a complex payment gateway and was not well suited for the system it was running for. Again, it was exorbitant as it charged high rates for transactions hence exploitative. It also made for a highly centralized system which made for control on the part of interest concerned third parties. All these in view, a solution was fast needed to cater for the payment needs of the ecommerce ecosystem hence the introduction of AIGO.
WHAT IS AIGO
With an aim to totally set a precedence in the payment gateway system, AIGO leverages on block chain technology, introducing a digital token that on-boards a new dawn to the electronic payment system. This AI payment solution eliminates third parties, providing the meeting point for users. This payment solution leverages again on the push payment solution, so to provide transaction sufficiency so traders can be keen on making and accepting digital assets as payment options.
Incredibly, for transactions, first of its kind, a decentralized payment system will be introduced. The solution offered here is poised to create business breaks for more establishments that have the capacity to build other services above Smart Contract and be a part of advancing AIGO Ecosystems can leverage on this solution to do so. These services can include, credit facilities, transactions, insurance, arbitration etc.
KEY FEATURES OF AIGO
One of the top-notch feature is the link up of the system to the Ethereum network, through this alongside other smart contract create a flexible AI payment chain.
Again, with the aid of a project wallet, users can execute transaction actions directly from it, enable the process of bill payments and between accounts, give approval for transactions, display transaction details, and balance on accounts. Incredibly so, this wallet application will run across several platforms, the android, IOS, desktop version (windows and for MAC. It creates again, a virtual market place that on boards the AI system so to ease purchase of goods and services in time without hitches or interference.
In a bid to overcome the issues of carrying fiat., it will introduce its own A card. This is unique especially as it eliminates the conventional fees conventional card carrying members of traditional financial institutions are accustomed to.
To bring this to a wrap, the days of setbacks and time lapses are gone, this is a revolution and a dawn to efficient payment systems. One can say a permanent solution and an ally of the ecommerce sphere.
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