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The DIM Ecosystem has expanded further with the launch of DIMPAY, an instant, borderless and decentralized payment system based on NEM blockchain technology.
The DIM Ecosystem has expanded further with the launch of DIMPAY, an instant, borderless and decentralized payment system based on NEM blockchain technology. DIMPAY aims to facilitate cashless transactions for consumers and merchants, along with providing a potential financial solution for the 2 billion individuals worldwide without access to bank accounts.
DIMPAY is specifically developed to facilitate the generating of invoices, tracking of inventory, making payments and much more. The use of DIMPAY will eliminate numerous payment errors as the use of NEM blockchain technology makes this platform less expensive and instantaneous, mainly directed at peer-to-peer, business-to-business, consumer-to-business and business-to-consumer transactions.
Consisting of the DEPOTWALLET web-app, the mobile-app and the DIM Debit Card, this payment platform will allow users to buy, sell, hold and manage cryptocurrencies and cryptonized assets in a secure manner. Additionally, the DIM Debit Card will allow consumers to engage in e-commerce and walk-in purchases within the mercantile sector. All while the consumer is in full control of his finances at all times, trusting that strong fraud protection and illegal activity measures have been implemented accordingly.
DIMPAY further makes use of a QR code which imbeds all required information securely with no corresponding email address, enabling customers to make purchases and merchants to receive payments utilising anonymous accounts. Accounts that can also not be blocked or frozen, as with many other payment systems. Moreover, the DEPOTWALLET Business Account is accessed through scanning a Quick Response (QR) code with a mobile device instead of applying the common one dimensional barcode system.
According to Cisco’s Global Mobile Data Traffic Forecast Update, global mobile traffic acquired a growth of 63% in 2016 reaching heights of 7.2 exabytes (7.2 billion gigabytes) per month. This went up from 4.4 exabytes per month at the end of 2015. Further growth is expected, 49 exabytes by 2021 to be exact, while mobile devices will represent 20% of the total IP traffic with smartphones accounting for over 50% of global devices and networks.
As mobile devices continue to increase in popularity, the adoption of QR codes and mobile payments will increase. DIMPAY is positioning itself to reap the rewards of this anticipated mobile usage boom.
The QR code will be the foundation for P2P, B2B and B2C sectors using DIMPAY. The use of the QR code will eliminate the need for numerous participants such as cashiers within the payment process. The elimination of these partakers in turn will lead to decreased costs and increased efficiency, resulting in savings for both the consumers and merchants. The DIMPAY ICO is designed to facilitate the development of this platform with full details available on the website.
The DIMPAY Foundation is a stand-alone company that is not associated directly with the DIM Foundation. It is the first step towards a decentralized idea of the DIM Ecosystem.
ICO Dates: 4 December (00:00 CET) – 15 December (23:59 CET) 2017.
Maximum ICO Target: 1,500 BTC
Company name: DIMPAY
Company site: https://www.dimpay.io/
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