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Since the advent of the internet, cryptocurrencies, and the blockchain technology, the use of phones and other connected devices are now consumers’ preferred method of payment; thus, causing the digital payment industry to blossom worldwide. As this industry continues to grow, the power dynamics and the inherent benefits of the blockchain technology are shifting further in favor of digital and omnichannel providers. Hence, attracting several providers to the space and also forcing a lot of companies to collaborate, diversify, and consolidate with a view to capitalizing on the growing revenue opportunity.
Despite the gains of the payment industry, there are several challenges and problems bedeviling the industry. High processing fees, geopolitical tensions, regulatory changes, long account reconciliation times, and funds not reconciled into merchant accounts for several or more days are some of the problems militating against the progress of the industry. Plus, fraudsters are having a field day exploiting vulnerable investors and payment providers.
With several payment processors or service platforms to choose from, how do you know which service provider is best for your business and your customer’s experience? In this post, we will walk you through some of the reasons why you should consider using OkGlobal Coin Switch as your number one service platform.
OkGlobal Coin Switch is blockchain-powered investment platform you can access online. The platform aims to be the future of global payment and individual currency management. They have a crypto coin known as OkGlobal Coin. OkGlobal Coin is highly profitable because they re-invest the profit from payment processing, insurance financing, currency exchange and other investment holdings/valuations into the coin ledger. OKGlobal coin is a standard cryptocoin that will operate on its unique blockchain. It is currently an Ethereum ERC20 token and will migrate to its blockchain prior to the launch of the beta testing for the SWITCH instant payment platform. So, if you worry about the decrease in the value of your money as inflation climbs, this service provider has got your back.
Problems That OkGlobal Coin Switch is Solving
It is a known fact that most of the payment processors on the market charge high fees just to process a single transaction. As such, it has a direct effect on consumers’ revenue and profit. So if you are looking for a platform that charges less, as far as, 90% reduction compared to what other providers are charging, then OkGlobal Coin Switch is the partner you need. For a fact, OkGlobal Coin Switch will help you save thousands of dollars since they don’t have per-transaction fee and charges only 0.1%.
Another problem that OkGlobal Coin Switch has resolved is the issue of waiting for several days for a deposit to reconcile into merchant accounts. Take for example, if you operate a restaurant and you need to pay your suppliers, which means the supplier has to wait for several days for the card processing company to reconcile with your bank account. With OkGlobal Coin Switch, crypto coins or fiat currencies would be available instantaneously in merchant account.
Also, most service providers require that merchant's lease or buy card processing machine, plus a phone line dedicated to the machine to operate efficiently. As such merchants are left with no option than to invest in dozens of machines just to accommodate each form of card payment. But with OkGlobal Coin Switch, payments are made via customers’ free phone app through the OkGlobal Coin Switch platform.
Sounds interesting right? Visit www.okglobalcoinsg.com to get started.
And one more thing; OkGlobal Coin Switch will be launching its Phase 1 Private Securities Token Offering (STO) in the next four (4) weeks. You can take advantage of the STO to make passive income. As an early investor, you stand a chance of getting a bonus allocation of tokens prior to a mass-marketed public STO offering. All participants must pass KYC/AML screening and have a MetaMask or MyEtherwallet (MEW) ethereum address.
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