[ANN][BOUNTY] 💣💣Bitupper - a full-fledged CRYPTO solution💣💣 - page 4.

bitupper

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Bitupper: 10 Simple Steps to Successful and Cost-Effective Digital Payment System

While developing countries tried to use different business models to monetize payment opportunities, only a few have reached any scale or
profit. The focus was on attracting customers, and the monetization model was not sufficiently developed.
The following ten points are to help to develop a successful and cost-effective digital payment system:

1) Addressing the real needs of customers;
2) Building a database with convenient, intuitive, easy-to-use and safe products that allow you to quickly make transactions and at the same time provide adequate protection of clients' money;
3) Optimizing the network effect when creating a ubiquitous network;
4) Partnership: Payment system providers need to actively cooperate to reduce the cost and attract customers, offering a wide range of solutions and access to a large distributors network;
5) Reduction of entrance barriers for clients: it is necessary to find the correct pricing model, where the transaction fee is levied from the seller or leaves the digital ecosystem;
6) Working with customer data to create additional revenue: analyze of large amounts of transaction data to create the most suitable product for a particular consumer at the right time, thereby stimulating a higher level of consumption;
7) Provision of additional financial services and other products based on consumption;
8 ) Ecosystem development to meet customer needs: PSPs can develop both modular and ecosystem products that provide a comprehensive payment solution for customers in these ecosystems;
9) Use next-generation technologies to create low-cost and scalable solutions;
10) Scale: achieving scale is critical to ensuring the viability of the business model of payment transactions.

Public investment in the construction of merchant networks, the creation of a common payment infrastructure and development the proper rules for handling complaints, the formation of a long-term plan to create a sustainable market for digital payments.

Using Bitupper, users will be able to discover the world of crypto currency in a simple, understandable and convenient implementation, having the opportunity to use advanced online banking tools in an understandable and friendly interface.

Bitupper - that simple, for everyone.

bitupper

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Evolution of the digital payment ecosystem: 7 key development points according to Bitupper

The world of digital payments is undergoing drastic changes, the most significant of which are:
-Digital and technological revolution, led by the ever-growing introduction of smartphones and mobile Internet;
-The appearance of several non-banking institutions offering payment services and solutionsin the payment market;
-The growth of customers demands - expecting instant payments;
- Introduction of a number of progressive changes in the normative base.

It is expected that the space of digital payments will change significantly in the very near future. Already, we can predict seven trends, aimed at transforming the payment system in developing countries over the next five years:

1. Technologies will simplify digital payments: biometrics, tokenization, cloud computing and the Internet Things are just a few trends that will determine how consumers interact in the future;
2. Expansion of the network of sellers accepting digital payments will grow by 10x by 2020: mobile payment solutions and own payment networks will stimulate the acquisition of trading companies;
3. Payments will stimulate consumption, and not vice versa: they will provide access to transaction data of customers, which will allow payment services suppliers to offer buyers interesting deals and coupons;
4. Consolidation of technologies will lead to widespread distribution of digital payments;
5. The modified UPI will become the main player changing the conditions on the payment market: The Unified Payment Interface provides an excellent platform for the smooth functioning of payment service providers;
6. Digital identification of the client will speed up the payment;
7. The number of non-cash settlements will grow: in the next few years, the digitization of cash will accelerate - non-cash payment transactions, which now are about 22% of all consumer payments, will bypass cash settlements by 2023.

Digitizing payments is a great opportunity. It's estimated that by 2020, total payments made using digital payment instruments, will increase up to $ 500 billion USD, which is 10X times the current level.

Our mission: to make the technologically complex world of cryptocurrency simple, understandable and convenient for each market participant, providing advanced online banking tools in an understandable and user-friendly interface on all platforms.

Bitupper — that simple, for everyone.

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bitupper

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Technological aspects of the financial industry: review by Bitupper

FinTech’s market is constantly evolving: start-ups unite and create joint-stock companies, investors buy projects for billions of dollars, companies implement new technologies that are further developed by competitors. At the same time this process is performed at an incredibly fast rate. Therefore, all market participants try to keep track of the latest trends and match all the trends in order to keep their positions in the market. Let’s study the technologies in more detail:⠀
⠀
1. Distributed Registry Technology⠀
It’s a database for storing information about the actions of two or more participants in the system. The main storage unit is a transaction that can be arranged in various ways and contain any fields, but it necessarily includes data on the input and output, as well as the transaction time.⠀
Transactions are grouped into blocks that constitute a chain of transaction blocks. A number of users can create such a chain of blocks at once. Since the information is stored as an open source, it can’t be changed, while some of the information is encrypted, and to decipher it, you must have a special key that the object owner stores. So the objects themselves are encrypted, and the open information is the actions with them and their quantitative characteristics.⠀

2. Big Data⠀
Now this technology is used as a basis for further development. For example, if you integrate a large array of data and elements of an artificial object, you can teach the machine to analyze the information and on the basis of this analysis make accurate forecasts and conclusions useful for making important financial decisions. Correct work with big data allows organizations to find an approach to each client with the least time and money costs for the organization itself.

3. Remote Identification⠀
The main idea is that the bank’s clients can perform various monetary transactions with their accounts, transfer any personal data to other organizations without personal contact with the office — remotely.

4. Development of banking mobile applications, economy API⠀
Thanks to the API, you can integrate any applications into digital platforms and vice versa, quickly add and remove new services. In the future, these systems can completely replace the usual mobile banking applications. At the moment, open APIs become relevant — one specialist writes source code and opens the access, and any other programmer can make his own modification of this API and on its basis create a new product.⠀

5. Cyber threats and cyber insurance⠀
According to the International Institute of Strategic Studies, the cost of losses from cybercrime is estimated at more than 400 billion dollars a year. Along with the increase in cybercrime, the popularity of insurance against such threats is also growing.⠀

In addition to the above trends, there are many more innovations on the FinTech market, which is not surprising with such development and scale. However, despite changes in the financial market and its subjects, the main problem is still the regulation of new companies and technologies that arise almost daily. At the same time, the difficulties arise not only when tracking these start-ups, but also when it comes to the safety of other market participants.
⠀
Our mission: to make the technologically complex world of cryptocurrency simple, understandable and convenient for each market participant, providing advanced online banking tools in an understandable and user-friendly interface on all platforms.

Bitupper — that simple, for everyone.

Join us:

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bitupper

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Quote from: bookerra on January 18, 2018, 07:57:32 AM

What is the main difference to other multi currency wallets?

The main difference of our wallet to other is to provide the maximum level of security with the introduction of AI Fraud Detection system in addition to SSL connection, SHA-256 encryption algorithms and two-factor authentication.

Among the key features of the wallet will be:

-OpenAPI
-the presence of mobile platforms (it is planned to launch mobile applications in both AppleStore and Google Play)
-opening its own block explorer
-acquiring for business

bitupper

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Quote from: dzkrb on January 18, 2018, 07:50:37 AM

And how is data protection from hackers carried out? Does your wallet work with Trezor-type hardware wallets? At what level it interacts if it works.

We are working on the introduction of the system www.yubico.com in the next 1-2 months. We will put the integration with Trezor on the agenda, and if there are enough requests, we will quickly implement this function.

bookerra

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What is the main difference to other multi currency wallets?

dzkrb

sr. member

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🔰FERRUM NETWORK🔰

And how is data protection from hackers carried out? Does your wallet work with Trezor-type hardware wallets? At what level it interacts if it works.

bitupper

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Quote from: Nickie001 on January 18, 2018, 07:04:17 AM

Any news? When should we wait for the big ann of your project? Hope to see the updated site and banners here.

Thank you for your question!
We are working on banners and the site design at the moment in order to re-launch the official site and release the ANN on the BitcoinTalk.
The first version of the ANN will be released within 2 weeks.

Nickie001

jr. member

Activity: 76

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Any news? When should we wait for the big ann of your project? Hope to see the updated site and banners here.

bitupper

newbie

Activity: 142

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Bitupper: the trends and prospects of the financial industry

One of the most significant trends in the financial market was the development of the cryptocurrency. To date, there are more than a thousand cryptocurrencies. The most common cryptocurrency — Bitcoin, which has gone up in price more than a dozen times in the last couple of years. However, there is already a obvious trend: the share of bitcoin in the marketcap began to decline gradually, while the share of altcoins is increasing.

In general, the market of cryptocurrency is quite interesting:
⠀1) Crypto currency can not be faked: each digital currency has its own electronic signature.
⠀2) When dealing with bitcoins and altcoins, anonymity is respected — there are still no public authorities capable of scaling and monitoring these transfers. However, it can be predicted that in the next 5–7 years many countries will bring the cryptocurrency under a separate law allowing to regulate the activities of digital “exchanges”, as well as commercial organizations carrying on the crypto trade.
⠀
What are the prospects for the financial market development?
⠀
1. Expanding functionality and improving the quality of services provided
2. Simplification of interaction between financial organizations and commercial users
3. Introduction of new technologies in order to reduce transaction costs of participants in the financial market and to provide consumers with access to various products and services
4. Increase financial capability of the population
5. Formation of a set of measures to improve the mechanisms of electronic interaction of financial market participants
6. Creation of API inside banks for work with Big Data in the real time mode
7. Refusal to use credit cards and ATMs
⠀
Such innovations lead to the fact that soon all banks will work online. The Bitupper team also follows the latest trends, so one of the key advantages of a multicurrency wallet will be the introduction of online banking functions: opening accounts in a few clicks, managing accounts, creating joint accounts, statistics and exporting data.

Bitupper — Web Wallet with Advanced Features

◒ ◒ ◒

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Read the full article on Bitupper Medium channel.

bitupper

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Quote from: CryptoHawkAG on December 30, 2017, 12:59:45 PM

What are the key benefits? What are the reasons to use your wallet? There are enough that offer almost the same or have I overlooked something?

The main feature of our wallet is to provide the maximum level of security with the introduction of AI Fraud Detection system in addition to SSL connection, SHA-256 encryption algorithms and two-factor authentication.

Among the key features of the wallet will be:

-OpenAPI
-the presence of mobile platforms (it is planned to launch mobile applications in both AppleStore and Google Play)
-opening its own block explorer
-acquiring for business

CryptoHawkAG

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What are the key benefits? What are the reasons to use your wallet? There are enough that offer almost the same or have I overlooked something?

bitupper

newbie

Activity: 142

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Bitupper news: own block explorer is announced

On the New Year eve the Bitupper team decided to reveal a couple of interesting project functions, which will bring the multicurrency wallet to a new level.

Already now our own decentralized blockchain explorer is actively being developed. Our team doesn’t want to use blockchain.info to refer from the wallet, because this explorer has a number of imperfections and a solution has already been invented that solves its problem. It is planned to use a network of clusters for each continent in order to avoid the problem of limits and low browser bandwidth. According to preliminary information, clusters can be located on the main Internet highways in the following cities: New York, Toronto, London, Paris, Warsaw, Moscow, Singapore.

Moreover, in addition to the standard features available in Blockchain.info, our explorer will offer the following:

-Track the balance of any address at a certain period of time
-View all transactions for a certain period of time
-View all transactions for a certain money amount.

This solution is planned to be launched in 1.5 months within the framework of the cryptocurrency bitcoin. In the second quarter of 2018, when a multicurrency wallet is announced, the Bitupper explorer will work with the remaining 4 cryptocurrencies: litecoin, bitcoin cash, bitcoin gold and ethereum.

The possibility to open access to the explorer source code so that everyone can use it is being discussed. In this case there will be no restrictions on access to the API, except in cases of obvious abuse by users.

More great news!
In the future, the storage of the cryptocurrency network blocks on the basis of a new generation of databases, the so-called blockchainDB, will be introduced, in other words, “blockchain in the blockchain” will be implemented.

The Bitupper team wishes everyone a Happy New Year! Very soon we’ll come back with breaking news, so follow us on social networks and be the first to find out about new technological project solutions!

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bitupper

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Quote from: Seryvolk on December 30, 2017, 10:39:03 AM

why will there be so little kinds of crypto currency?
now there are much more interesting currencies, and it would be nice to concentrate them all in your wallet.

To support one currency, you need to produce many tests and maintain a huge database, for example, for bitcoin, the team will need to maintain a database of 1 terabyte (size for today). Therefore, to introduce another currency, the team will need time.

What cryptos are much more interesting according to your opinion?

Seryvolk

full member

Activity: 322

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why will there be so little kinds of crypto currency?
now there are much more interesting currencies, and it would be nice to concentrate them all in your wallet.

Nickie001

jr. member

Activity: 76

Merit: 1

Quote from: bitupper on December 28, 2017, 10:15:09 AM

Quote from: Crypto Girl on December 28, 2017, 09:09:48 AM

Your teaser is the motto: more than just a wallet, so what is this wallet for? If for cryptocurrency, then what cryptocurrency? is it a multi-currency or an exclusive currency wallet? And why you said that it has a banking function, did this wallet giving interests daily?

Quote from: blink_stun on December 28, 2017, 09:39:07 AM

What coins are you planning to support on the Bitupper wallet? And is it a desktop wallet or a web wallet? The idea is actually great.

Quote from: herfie.chen on December 28, 2017, 09:34:12 AM

i think this project more leads to payment platform, will this project work with mastercard and create a mobile wallet platform and card for crypto assets?

It's a multicurrency wallet.
The wallet will support 5 major cryptocurrencies: bitcoin, litecoin, bitcoin cash, bitcoin gold and ethereum.
This function will be available already in the second quarter of 2018.
Also it's planned to create the Bitupper mobile app both for Apple Store and Google Play.

One of the function that will be implemented - online banking: accounts, joint management, statistics, data export. Using our wallet users will be able to transfer cryptocurrency into fiat and back.

I totally like the list of cryptocurrencies you've chosen, I've even created the account at your site Cheesy

Will follow your project, think it's very ambitious.
Although the information, of course, is still very small ...

bitupper

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Quote from: Crypto Girl on December 28, 2017, 09:09:48 AM

Your teaser is the motto: more than just a wallet, so what is this wallet for? If for cryptocurrency, then what cryptocurrency? is it a multi-currency or an exclusive currency wallet? And why you said that it has a banking function, did this wallet giving interests daily?

Quote from: blink_stun on December 28, 2017, 09:39:07 AM

What coins are you planning to support on the Bitupper wallet? And is it a desktop wallet or a web wallet? The idea is actually great.

Quote from: herfie.chen on December 28, 2017, 09:34:12 AM

i think this project more leads to payment platform, will this project work with mastercard and create a mobile wallet platform and card for crypto assets?

It's a multicurrency wallet.
The wallet will support 5 major cryptocurrencies: bitcoin, litecoin, bitcoin cash, bitcoin gold and ethereum.
This function will be available already in the second quarter of 2018.
Also it's planned to create the Bitupper mobile app both for Apple Store and Google Play.

One of the function that will be implemented - online banking: accounts, joint management, statistics, data export. Using our wallet users will be able to transfer cryptocurrency into fiat and back.

blink_stun

full member

Activity: 196

Merit: 100

What coins are you planning to support on the Bitupper wallet? And is it a desktop wallet or a web wallet? The idea is actually great.

herfie.chen

member

Activity: 672

Merit: 10

simply getting the job done

i think this project more leads to payment platform, will this project work with mastercard and create a mobile wallet platform and card for crypto assets?

Crypto Girl

sr. member

Activity: 980

Merit: 294

Your teaser is the motto: more than just a wallet, so what is this wallet for? If for cryptocurrency, then what cryptocurrency? is it a multi-currency or an exclusive currency wallet? And why you said that it has a banking function, did this wallet giving interests daily?

Topic: [ANN][BOUNTY] 💣💣Bitupper - a full-fledged CRYPTO solution💣💣 - page 4. (Read 1084 times)