Title: Re-Pay: turning tokens into FIAT bypassing Exchangers and rasing token value Post by: noblex on January 21, 2018, 03:31:02 PM So.. I was studying newcoming ICOs and read about WHO - World Hotel Organization, a project aimed at simplyfing the hotel and traveling booking procedure.. All fine and interesting, but the real additional value is the Re-Pay System
What is RE-PAY Imagine you want to create a simple, secure crypto based payment system. As well, Imagine that the average service provider don't give a s*** about crypto and stuff. They want money, and they want them immediately. Instead on trying to convince people to get to know with crypto and all related (kinda hard to understand) rules, you implement a method which allows the following:
1)The service onwer then implements inside his website the option "pay with WHO". 2)The customer select it and pay with his WHO token. 3)The Re-Pay System then, instead of sending WHO tokens to the service owner, send them to a specific burning address, permanently destroying them. As a result, the service owner immediately receive FIAT money. All security, confidentiality, authentication and boring related stuff is permanently fixed into the blockchain. To this point, I thought about some consequences:
What do you think? I personally really liked the system they are developing, it was something that I was long waiting, and I am impressed no one created it before. I hope they will be able to deploy it and extend it also to other markets Some WHO useful links: WEBSITE (http://www.worldhotelorganization.com) | TELEGRAM (https://t.me/whorg) | TWITTER (https://twitter.com/whoplatform) | REDDIT (https://www.reddit.com/user/WhoToken/) | GITHUB (https://github.com/WorldHotelOrganization/TheCode/) | SLACK (https://worldhotelorg.slack.com/) | BLOG (https://medium.com/worldhotelorganization) Main thread: https://bitcointalk.org/index.php?topic=2794927.0 (https://bitcointalk.org/index.php?topic=2794927.0) TL:DR - Read only bold text |