In order for retail stores and affiliates to accept digital assets as a payment method, it is necessary to fully consider the volatility problem of digital assets. Existing digital asset-based payment solutions have undergone a lot of trial and error, so it is necessary to present a model that can…

KONPAY is a fast and inexpensive end-to-end payment platform that improves the inefficiency of the existing payment system through blockchain-based smart contracts and its own coin economy ecosystem. In order to improve the inefficiency of the existing payment structure and build a platform to secure users, there are several things that should be considered. First, it should be possible to implement a platform with good payment processing speed and good accessibility. Although it is a low payment fee, it is inconvenient for users to use, and if there is inconvenience due to the long waiting time for each payment, the merchant has no choice but to consider introducing a new system.

KONPAY intends to provide blockchain-based integrated payment services through payment apps (iOS, Android) so that network users can use P2P remittance and payment, and simple multi-payment functions for merchants more cheaply and efficiently.” A blockchain-based payment brokerage service system and a blockchain-based payment service method using blockchain-based smart contracts and its own digital pay to improve the inefficiency of existing payment systems to lower fees and provide rapid settlement are the technical aspects of patents developed as a blockchain-based payment solution.

KON coins will be used in the KONPAY network and will be used for payment and payment purposes. KON Pay is a blockchain payment system that can collect various points and cashbacks, including digital assets such as Bitcoin and Ethereum, and can be used at once in Korea through cooperation with KSNET+, a comprehensive payment service company. In addition, KONPAY will be easily used by consumers at online and offline stores in Vietnam, where about 60% of the public uses the pay payment system, and will also be used as a pay platform for tourism and payment between Korea and Vietnam.

Are you still buying and selling digital assets? We KONPAY hopes that digital assets in the changing era will no longer be an investment-only asset. We hope that digital assets, that are considered to be speculative, will become closert closer to our life. KONPAY will open up a new era of finance. From the era of card and cash to the era of digital payments. We are now awakened to new finance! With a very simple configuration application, KONPAY users can understand the KON platform and use the platform with their own KON coins. New platforms are also available.

KONPAY is a blockchain payment solution that overcomes the structural limitations of existing card payment services. KONPAY has a structure that activates interactions between ecosystem participants and promotes the liquidity of digital assets by providing convenient payment service platforms through apps to merchants and customers. KONPAY’s competitiveness is also that by providing a smart contract-based integrated management system, merchants can inquire transaction details on their own, as well as provide all integrated management systems necessary for business operation.

KONPAY provides merchants with services that can be settled faster than the settlement period of the existing payment structure. While the settlement cycle of existing payment services takes more than two days, KONPAY can achieve settlement speed more than three times faster by utilizing smart contracts. Blockchain technology can be applied to handle the roles of many existing intermediate participating companies with one platform, minimizing costs incurred not only in settlement cycles but also in settlement and deposit stages. As a result, merchants can use payment services at low fees.

The General Information Again — KONPAY is a blockchain payment system that can collect various points and cash backs. This includes digital assets such as Bitcoin and Ethereum, and can be used at online and offline merchants in Korea through cooperation with KSNET+. In addition, KONPAY will be easily used by consumers in online/offline stores in Vietnam, where about 60% of the public uses the pay payment system, and will also be used as a pay platform for tourism and payment between Korea and Vietnam.

Many alternatives have been proposed so far to solve the high volatility of cryptocurrencies, but among them, stable coins are presented as a good alternative that can be applied to real life. However, in the case of Tether, stable coins also carry the risk of lack of centralization and transparency…