2) Today's world is led by powerful financial institutions that pretty much reign over all every possible payment system.
These players have been dominating the world of payments forever and have successfully brought their services into households around the world.
3) These "giants" leave little room for competition which means all their clients end up agreeing to their terms of doing business simply because an alternative doesn’t exist.
Untill the introduction of cryptocurrencies that is or will ever be.
4) ENTER GOCRYPTO
The GoCrypto solution serves as the foundation for an unlimited number of payment processing products.
From pure crypto payment solutions to all-in-one payment services accepting card, digital, and crypto payments on one point-of-sales.
5) Their payment gateway can easily be integrated into cash registers, POS terminals, eCommerce platforms or even white-labeled to best fit the needs of any business.
Their products can adapt the system to any wallet, any cryptocurrency, and any device.
6) HOW IT WORKS
• The merchant POS system will generate a QR code through the GoCrypto Gateway with instructions for the smart contract.
• A customer with a compatible wallet will scan the QR code and approve the transaction.
7) • The money is moved from the client wallet and is directed either through a decentralized exchange (DEX) or directly into the merchant’s settlement account.
• A service fee is then taken automatically before the funds arrive in the merchant settlement account.
8) TOKEN USE CASE
GoC is used for payments on the GoCrypto platform and in the scope of their tokenback program.
Users of the Elly Wallet can use GoC for shopping at physical and online stores.
In selected countries, they can receive a tokenback reward for every purchase.
9) TOKENOMICS
The total supply of GoCrypto is about 300 million.
75% of the token supply is already unlocked which removes potential future sell pressure.
Investors will see this as a very attractive model.
10) TEAM
• Dejan Roljic is the CEO who founded "ABC accelator" before founding "enigma" which developed GoCrypto.
• Ziga Toni is the deputy CEO who previously expanded his businesses overseas and helped to establish a strong presence of startup accelerator ABC Silicon Valley.
11) The competition in this niche is incredibly tough with lots of giants making their entry.
As investors we usually also don't have the technical understanding to know what's better or not.
As such we compare partnerships and integrations to measure "adoption".
12) In this regard GoCrypto achieved quite a lot actually.
• Partners like Global Payments, with whom they are able to bring crypto payments to Prague.
• Binance pay, which helps bring 40+ Binance pay support cryptocurrencies to thousands of GoCrypto locations.
13) • Asset-backed stablecoin "Tether" collaborating with GoCrypto to bring bitcoin, tether and LVGA to the Swiss city of Lugano.
14) Furthermore the team has hinted at a tier 1 cex listing "very soon".
This will bring more exposure to the token since the majority of users are still dependend on tier 1 exchanges because they lack the know how to use everything.
15) Due to the limitations of Twitter and keeping this thread "reasonably short" I'd advice to go check out their latest progress report and upcoming plans in the link below 👇
By reshaping the payment process, GoCrypto is trying to forge a path for the future of all payment systems.
The ability to spend crypto in everyday life activities is a newfound freedom that GoCrypto has helped make a reality for millions of crypto users.
17) If the integrations and partnerships continue the path they have been doing so far GoCrypto could be a serious contender in the "Crypto payment" industry.
As always do your own research and keep an eye out on the projects that deserve to be on your radar.
Nova out ❤️
18) If you want to keep up to date to most of my content and interesting projects give me a follow @CryptoGirlNova.
I also research the communities top voted cryptocurrency every week so you can keep track of all the most exciting projects.
Your favorite writer Nova ✍️
19) If you had value from this and liked this thread, it would really bring a smile to my face if you could retweet the first post so this can help as many people as possible.
1) There's been a new crypto narrative called "REAL YIELD" in the markets lately.
What is "real yield" actually and how do you benefit from it?
🧵👇
2) Since the early introduction of DeFi we've seen "yield farming" become incredibly popular.
Numerous projects started offering insane yields (interest) to attract buyers and create demand.
Who doesn't want 1000%+ interest after all!?
3) Little did people know this was unsustainable and quite often unprofitable...
This early "yield farming" model is flawed because it is based on excessive emissions of the protocols’ native tokens rather than sharing organic protocol profits.
Data organization is more difficult today simply because there is so much more of it.
When you have a data overload, it bogs down processing times which can reduce the ability of people to access this information.
3) If we can't find a way to access and share these huge amounts of data in a safe, secure and organized way most business are going to have a really tough time moving forward.
Especially because data overload isn't going to get any better. It'll keep growing.
1) The past year you've heared the market talk about:
• The fed
• Interest rates
• Quantative tightening
These things have LARGELY been responsible for the entire crypto bear cycle.
It's also responsible to help PREDICT the next bull cycle.
🧵👇
2) To understand the market situation in simple terms and to go forward from here we need to start at the beginning of the historic bull run we had in 2020.
On March 12, 2020, the World Health Organization declared the Coronavirus a pandemic.
3) Governments around the world placed entire countries on lockdown.
COVID sent panicked investors to rush for the safety of cash, sending all liquid markets down sharply.
It was then that the US Federal Reserve stepped in.