Blockchain technologies are fast seeping into all industries, and the world is better for it. One place where the technology has not implemented properly is the online payment system. Having crypto-currencies is great, but if a universal outlet where one can spend the digital currency does not exist, the technology remains incomplete at large.DIMPAY intends to solve this problem.
DIMPAY is an online payment system that is being built around the NEM blockchain. The global platform intends to make use of the blockchain network to make the system instantaneous, transparent, and economical. Other benefits of this system include the elimination of third parties.
The ecosystem is meant to cater to a much wider audience. It was designed for all kinds of transactional relationships including business-to-customer, customer-to-business, business-to-business, and peer-to-peer transactions. The platform is christened DIM ecosystem that consists of digital wallets called DEPOTWALLET and a separate mobile DEPOTWALLET. It also involves a DIM debit card.
The digital wallet will manage the cypto-currencies as well as cryptonized assets for the users, and they can sell, buy or even hold the digital currencies through DEPOTWALLET.DIM Debit card, on the other hand, will enable users to make purchases on e-commerce websites and merchant shops that accept the platform.
There also exists a DEPOTWALLET business account that will let merchants make payments, track inventory, and generate invoicesamong other things.The blockchain-based platform promises to be the harbinger of cashless transactions for merchants and consumers.
Conceived and approved earlier this year, the company has come a long way. Having held a pre-ICO already that ran from 4 December 2017 to 6 December 2017, the firm witnessed contribution from over 2,000 participants with an investment worth 69 bitcoins. They accepted many major crypto-currencies including Ethereum, XEM, and Bitcoin.
The firm intends to roll out a Beta version for testing purposes by the second quarter next year and register a license for payment in Latin America. Its ICO is slated to commence on 7 December 2017 with a maximum target of 1,500 BTC. You can find more about the project by heading here and reading the platform’s whitepaper.
There are bonuses available for investors determined by when they purchased the DIMCOINs. If investors purchased the digital currency in the pre-ICO period, they were eligible for 25% bonus. The people who buy the currency within the first week of the ICO ( from 7 December 2017 to 12 December 2017) will be eligible for 10% bonus, while the investors who make the purchase in the last leg of the ICO period will receive 5% bonus.
People using XEM crypto-currency to make the purchase will receive an additional 10% bonus throughout the pre-ICO and the ICO period. With no upper limit of DIMCOIN purchase, the minimum limit per person is 1 DIMCOIN.
The generated funds will be used for the development and implementation of the complete ecosystem and its elements. DIMPAY seems to be a very promising idea, which may just make this world jump on to the cashless payment bandwagon.