Topic: An efficient payment solution for retail merchants (Read 165 times)

R Token

R pay is backed by R Token, a blockchain based cryptocurrency designed to deliver blazing fast, secure and near-zero cost payments to anyone in the world. It is designed to overcome well-known inefficiencies within banks and traditional financial institutions. R Token is developed with a belief that everyone should be able to initiate transactions that are fully secure, private and anonymous, over the R pay platform.

R Token assists in establishing a ubiquitous blockchain based economy with an innate currency to ensure seamless transactions all over the world. The capital required for development and release of this platform will be secured through a crowd funding campaign of R Token via Initial Coin Offering (also called ICO).


About R pay
An efficient payment solution for retail merchants

R pay is a revolutionary approach to Retail and Trade. It is built on an ecosystem of P2P connected nodes with no servers for transaction authentication, ensuring a completely decentralized backend built over blockchain technology. R pay leverages web 2.0 to allow users to interact and exchange value directly, eliminating the need for middlemen, which in turn, banishes fees, overhead restrictions and the inherent delays in transaction and settlement.

R pay's vision is to make cryptocurrency mainstream and achieve widespread adoption by enabling everyone to pay using crypto for retail and services in this Blockchain Era. It aims to do so by providing seamless user experience without the need for a steep learning curve, yet retaining the security, transparency and usability of cryptocurrency. R pay will allow users to shop for retail products, consumer and professional services, using R Token, which is an inherent cryptocurrency fueling the R pay platform. The power of community will assist consumers to make verified purchases and save approximately 50% to 90% on transaction costs for products and services they love and use in daily life!


How does R pay work?
Blockchain, the backbone technology behind Bitcoin, is one of the hottest and most intriguing technologies currently in the market.

Pseudonymity
All transactions being added to a single public ledger, any wallet addresses is random characters that cannot intrinsically be associated with a specific individual. This enables a high degree of privacy when required.

Faster transactions
Interbank transactions can potentially take days for clearing and final settlement, especially outside of working hours. Blockchain transactions can reduce transaction times to minutes and are processed 24/7.

Transparency and immutability
Changes to public blockchains are publicly viewable by all parties creating transparency, and all transactions are immutable, meaning they cannot be altered or deleted or recovered.

Security and integrity
Blockchain is maintained by a large network of participants, no one actor can easily gain enough influence to submit a fraudulent transaction or successfully alter recorded data.

Low cost
By eliminating third party intermediaries and overhead costs for exchanging assets, blockchains have the potential to greatly reduce transaction fees.

High quality data
Blockchain data is complete, consistent, timely, accurate, and widely available.


R pay works with

In-app Payments
Enable customers to pay for their subscriptions or other in-app services.

Retail
$50 billion is stored in unspendable crypto coins around the world - be the first to tap this huge opportunity. Tapping the $ 18000 Trillion Industry.

R pay Mall
Service Provider of MOBILE Recharge, DTH services, Multi Recharge & All In One Recharge from R pay.

Professional Services
The only R pay recommended solution for receipt tracking, expense reporting, mileage tracking, and company card reconciliation.

Technology Stack

Blockchain and Smart Contract Implementation
We are using Ethereum based ERC20 smart contracts for our offering of the project and the ICO campaign because this platform allows us to create a secure solution quickly, with few resources, and without loss of quality. Blockchain technology is playing a vital role to shape the E-commerce industry, which has drastically changed in the past decade, and is poised to evolve in the coming years. R pay's ability to help any business build an online marketplace of their own by using smart contracts and enabling payments in R Token, stems from the blockchain based backend system that supports R pay.


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