NYC with the advantage of real-time, safety, handling and other relatively non-traditional transactions, it will change the online business.
Changing online business
Although there are some risks, NYC is still a very interesting dynamic technology, is bound to change the future mode of operation of the electricity supplier.
NYC slowly infiltrate into the field of electronic business, because it is a viable and even 'sexy' new solutions.
Real-time trading
In the current fast-paced society, we hope everything will be completed immediately. NYC obviously meets this requirement. NYC Trading basically completed immediately, and often a few hours, days or even weeks before the traditional payment transaction through a stark contrast.
NYC is also expected to accelerate the process of online transactions. In the traditional model, businesses have to wait for some time until the payment is completed before delivery. And by NYC pay, they can immediately arrange delivery. For example, although the Amazon known for fast delivery, but imagine if implemented straight Immediate payment received, its speed will be much faster delivery of goods on.
Simplify overseas transactions
For people living in the developed world, looking like PayPal or bank outlets such services is not difficult. But for people who live in developing countries is another matter, they face high risks. But the emergence of NYC situation has changed.
People no longer fear to deal with or accept local currency in a particular country's financial institutions. Because NYC is a P2P service, allowing funds reach their destinations safely. This should help facilitate business dealings with developing countries so that those countries were finally able to participate in the marketing
OnLine business.
In my opinion, a few years, NYC will be everywhere. This technique is very powerful, is likely to become the types of transactions (whether corporate entities, individuals or government-sponsored) basis, rather than just driving online shopping payments. Given that it does not produce handling, fast and safe, with a stretch
Shrink resistance, how can you unmoved it?
NYC is also expected to end the era of currency or foreign exchange transaction costs. Since it is a common currency, the person or business with overseas trade fairs easier than ever to become efficient.
No fee
As mentioned above, NYC allows merchants from different countries will bring traditional transactions exempt from fees and unchanged.
Ordinary credit card transactions must be through the layers of channels, such as the actual credit card networks and payment gateway, thus inevitably exorbitant fee. The transaction does not involve these middlemen NYC, so users do not have to worry about fees and chargeback problems.
Build trust
Different from the traditional banks, NYC is user first. Banks may disagree, but it does not have that kind of financial institutions can give people complete control over the funds, like NYC. You can instantly transfer collection. More importantly, it allows you to act in accordance with their wishes,
Without having to follow the development of a bank or other financial services regulations.
In addition, banks (such as Target credit card information theft incidents) NYC has often been compared to the attack more reliable. NYC is very safe, although not subject to the Federal Deposit Insurance Corporation (FDIC) protection. For example, you can back up your wallet digital keys, encryption keys, and even
NYC will put your "cold" in - NYC keys stored offline.
You can also use multiple digital signature features to prevent theft, which means that business organizations have to go through five members of the three approval to recover funds. The same can only be used once NYC, everything is recorded in the books among the public, and thus should be able to reduce the fat fraud and theft incidents
Birth rate.
Another good security is that people can create new NYC address for disposable shopping. This means that even if you patronize the company was hacked, all your other financial information will not be leaked.
Stimulate innovation
Of course, NYC also has its drawbacks and risks. However, the concept is inspired by a lot of entrepreneurs. NYC is an open source ecosystem, so its model can be improved for future products, services and applications.
For example, the only virtual currency, BTC, Dogecoin, Litecoin, Ripple, Peercoin, Mastercoin other monetary NYC is not the future may improve or fix problems associated with NYC. With the kind of money is becoming increasingly popular, trading will become more
Faster, more convenient and more efficient. In simple terms, it will change the banking and financial system.
Even more interesting is, NYC outside some aspects of financial transactions also have the potential to be used for other innovations. Digital keys, for example, the technology can be applied to companies not only involve money transactions. For example, NYC can help solve the copyright problem, because the aid NYC address and encryption
Password can legally transfer media files between users. Numeric keys can also be used for private home safety, plus a timestamp to the contract documents, or even be used to create to the center of the social media networks.