Physical bank branches, plastic payments cards are all things of the past. Now everything is digital, mobile and contactless. Sekopay LTD is building a new digital solution to Cryptocurrency era, that does mostly the same things as the current mobile providers, but faster, cheaper, safer using cryptocurrency on the decentralised blockchain.
As soon as a customer downloads the Sekopay LTD mobile App customers will be able to start to make transactions in current VISA, Mastercard or UnionPay infrastructure practically instantly.
Gone are the days when you need to apply for a debit card and wait weeks for it to be delivered. Customers will be able to instantly pay in certain major cryptocurrency (at least BTC and ETH) or in SEKO coins for any product or services at any POS terminals (there are already over 42 million installed throughout the world) that are fitted with NFC (near field communication) via the Sekopay mobile App.
Sekopay APP uses NFC HCE (host card emulation) protocols to coinise the data on the virtual payment card and in turn the POS terminal reads the connections as if it were a standard plastic card.
Practically any NFC payment service, such as Apple Pay, Samsung Pay, Google Pay and a host of other providers, can now be used to pay with cryptocurrencies and as far as the retailer or online store is concerned, they are paid in the currency of their payment order. This capability possibly extends to ATM cash withdrawals and most other standard financial activities.
Today it is practically impossible to pay for your daily coffee, the morning newspaper, or your utility bill with cryptocurrency. Of course, a cryptocurrency owner could make an exchange of cryptocurrency on one of the exchanges, wait for confirmation that it is completed, then wait for the transfer of funds to their nominated account and so on. But who in all reality would do that to buy a coffee? With Sekopay mobile crypto app that changes instantly.
The Sekopay mobile crypto app does all of that for the customer.
From any cryptocurrency that are preselected by the user in Sekopay App, perhaps in different percentages depending on their current trading value, Sekopay APP does all the communication and ultimately conversion to and payment in fiat without the user having to do anything other than bringing up their smartphone to the NFC terminal and press go. Only the exact number of cryptocurrency in the order and ratio prescribed are exchanged to meet the payment needs.