Elite Cash - A Powerful Crypto Payment Solution

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Elite Cash - A Powerful Cryptocurrencies Payment Solution

Elite Cash is a set of blockchain software solutions that enables local stores and online merchants to accept payments in cryptocurrencies.

Current Problems of the Digital Payments Industry

The traditional banking and payment systems are centralized and require mediators. It is functional but there are many problems that need solutions. Some of them are listed below.

Lack of Financial services:  Starting a business requires finance and if it is a small business, they will need financial support from financial institutions like bankers and investors. However, large commercial bankers do not provide financial services to these small businesses because of the risk involved. Lack of credit history, collateralized assets, and large deposits are also some of the major reasons that businesses fail to get financial services.

Coverage: Traditional financial institutions always keep an eye on their profits, so they ignore a wide range of people where the profit is not visible. Additionally, these financial institutions have certain norms and rules that not everyone can meet. Because of all this, nearly two billion people do not have a bank and have little or no access to personal financial services.

Foreign Transaction is still a pain: Foreign transactions or cross-border payments are still costly, require strict KYC limits, and virtually no privacy controls. Additionally, it still requires a lot of time and effort to find a working platform to make those transactions.

Control and Protection of Consumer Data: Since the data and transactions are being handled by financial institutions, personal as well as financial details are somehow being managed by them. Additionally, these financial institutions also have control over transactions.

Complex Process: Even after the digital revolution, making transactions is still not as easy as it should be. Users have to add beneficiaries then wait for approval and verification and only then they can make transactions.

Fraudulent actors: There are various bad actors and cybercriminals out there who are always on the lookout for opportunities to defraud users financially and through digital businesses. Traditional banking and payment systems have to focus on fraud detection and protection and also take strict action against them.

Crypto transactions: The global cryptocurrency market cap exceeded USD 1.6 trillion as of July 2021. But at the present time, merchants are not able to accept payments in crypto due to the limitation and strict rules of financial institutions. They are only providing options like Card, Internet Banking, and Mobile Banking.

Solutions by Elite Cash

Elite Cash is a blockchain-based software solution used by hundreds of merchants and businesses to accept crypto payments. Here are the solutions, users can avail of using Elite Cash.

Easy Payment Process: For the customer, it is as easy as scanning a QR code with our or any other compatible crypto wallet and paying in one of the 15+ cryptocurrencies currently supported by Elite Cash. For the merchant, free enrollment and app-based work save a lot of effort.

Fast and Risk-Free: Elite Cash integrates into existing point-of-sale systems or provides a standalone solution without the need to purchase additional hardware. We reduce risks, speed up and streamline payments across multiple cryptocurrencies.

Security: Since Elite Cash is based on blockchain technology thus every transaction in the system is secure and customer data is protected.

Transparent and open to all: With blockchain and cryptocurrency everything is transparent as well as highly secure to all our customers. Anyone with a smartphone can join our ecosystem to add more value to our ecosystem. It will increase trust, transparency, fairness, and scalability.

Privacy: Elite Cash cares about user privacy while keeping the system open. All personal data required to transact properties will be kept secure. Customers will be able to delete their personal data upon request in accordance with the latest data privacy laws.

Convenience: It has minimal barriers to merchant adoption, so businesses don’t have to put much effort just to adopt a new payment option. Our goal is to create a seamless customer-to-merchant payment process that is easy, understandable, and secure.

Greater Good: All the participants in the ecosystem will receive good benefits from time to time to motivate them to spread the word, which will lead to mass adoption and greater traction.

Elite Cash is one of the revolutionary blockchain-based projects that will upgrade the way people are making payments. The project is having lots of benefits to the user and with the increase in use, the value of the ELC token will rise. Help the project to grow and make a profit with it by investing in ELC token now at elitecash.io.

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What tremendous journey cryptocurrencies have had so far!

What’s your preferred way to pay? Comment below!

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Exchange Partners of Elite Cash

There are currently hundreds of digital currency platforms that help traders trade a wide range of cryptocurrencies. However, not all are user-friendly, and some require a proper understanding of handling funds, accounts, benefits, features, support team, ticketing system, etc. Elite Cash also checked all the above terms and choose the following exchanges.

ProBit
Probit Exchange is a global coin-to-coin cryptocurrency exchange. The platform is known for only listing what it deems to be 'qualified and deserving' cryptocurrency projects. The exchange reportedly has matching speeds of over 1.5 million orders per second and a customizable user interface. Furthermore, ProBit claims to offer Exchange users the option of a hardware security key along with 2-factor authentication. Many popular cryptocurrencies including Bitcoin, Ethereum, XRP, Dogecoin, Holo, Chainlink are listed here.

Latoken
LATOKEN is a state-of-the-art exchange that makes investments and payments around the world easy and secure. It is a leading platform for multi-asset tokenization and cryptocurrency exchange and is focused on liquidity for new tokens. LATOKEN recently entered the top 50 of CoinMarketCap by trading volume. Most of the popular cryptocurrencies are already available for trading on this exchange, and now they are working on getting all the necessary licenses to start full-scale trading of asset tokens.

Bibox
Founded in 2017, Bibox is yet another exchange platform that offers a variety of cryptocurrencies to exchange in multiple markets. The website and platform work very smoothly, and the customer support is great too. Bibox is a truly unique cryptocurrency exchange that uses AI-enhanced and encrypted algorithms to aid in optimal trades and transactions. The platform has a highly competent team and a futuristic platform that is highly efficient but still remains unregulated by any reputed regulatory authority.

BitForex
BitForex is yet another exchange platform that was established in 2017, a global cryptocurrency market site that provides token deals and derivatives services. It has over 300 trading pairs and a wide userbase of over 3.5M people from 200 countries. Along with low trading fees, no KYC required, accessible account browsing, and other user-friendly features make BitForex and encouraging crypto-exchange platform.

HitBTC
Founded in 2013 with 6 million euro venture capital, HitBTC claims to be the most advanced bitcoin exchange platform that offers high liquidity and purchase limits. It is popular among people for its technologically advanced matching engine, support for a variety of blockchain solutions, and friendly customer service. Its app and platform are developed by excellent technical minds, high-level finance professionals, and experienced traders.

These exchanges will add more usability to the Elitecash and ELC holders can enjoy the benefits of Elite Cash Token (ELC) as well as features of these highly popular exchange platforms. With these platforms, Elite Cash will also gain reach to a wide range of global audiences, and the user will be able to exchange and make transactions very quickly.

Since each and every exchange has its own set of eligibility criteria and document requirements thus getting listed on them will add an extra layer of trust to the overall project.

Elite Cash is a futuristic project that will bring the benefits of cryptocurrency-based digital payment to everyone’s pocket. By using the dedicated apps and QR codes users can easily transfer payment to the merchant. Merchant will also have a similar app and they will get notifications about the payment received.

Elite Cash is making the payment process much easier and almost instant with Cryptocurrency, blockchain, and dApps. The platform on one side is adding security, privacy, and scalability and on the other side, it is lowering the conversation rates and eliminating the need for middlemen. People interested in Elitecash can visit elitecash.io for more details and to invest in ELC.

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Does Elite Cash offer a solution to receive crypto payments IRL or offline? For example I want to run a business, have a local shop. If a customer comes to me, he be able to use elite cash at the cash desk? If there is no such solution, you might start to think in this direction. For example you can create an app, and customer-seller relationships can be negotiated by phone-to-phone transaction.