iTransa is an instant Transaction network for fiat and digital payments with its own digital currency XiK. What is Xik and how does this works?
iTransa ‘s approach to adopt digital currencies in daily life is to introduce merchant services like O2O marketplace and QR Code based POS solution in a platform.
XiK is best of both worlds
XiK, designed to overcome the capacity to be changed in size or scale challenges associated with digital currencies. Excels in common payments scenarios by supporting instant, zero-fee transactions. Even bought in local fiat currencies. Least volatile currency, liquidated into fiat currency when consumer purchases product or service.
At present, cryptocurrencies function fairly well as an asset, but remain virtually impossible to use as a means of payment in everyday life: users have to manually sell their crypto assets on an exchange, then transfer the resulting amount in a formal authorization or proposition currency to their bank account. Complete the transfer and use the funds to make purchases.
International peer to peer transfer, still done via bank wire transfers. Using ordinary banking systems this kind of procedure is slow and complicated. What’s more? Cost can easily exceed 10% of the amount being transferred, especially with small sums. It’s a service that brings few, if any, benefits and a lot frustration but for many customers, this is the only option available.
While with iTransa, it takes seconds to perform the transaction, and this time is not affected by how far apart the parties are and The cost of the transaction is reduced to just a fraction of a percent of the amount being transferred.
iTransa ‘s approach to adopt digital currencies in daily life is to introduce merchant services like O2O marketplace and QR Code based payment solution in a platform.
O2O marketplace is combination of products and services marketplace. Consumer can order products , food or hire grill master for weekend BBQ activity. They may pay via fiat or digital currencies and merchant will receive in fiat currency.
QR code payment solution
Shop owners/chairty organizations/sport clubs don’t need credit card reader any more. Just create and print QR code and start accepting fiat and digital payments.
iTransa users can transfer XiK to each other. XiK can be used to buy products or services.
iTransa provides multiple payment options like fiat, crypto currency or XiK to buy groceries online , pay for coffee at cafe or help a charity organization.