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Specifics of the ONE Centralised System. The Centralized BlockChain offers much more customization and control to the Company or the organization deploying it over the Network. The Company is enabled to sanction IMAs who violate T&C according the Internal Sanction policy. The Company can search and monitor IMAs behaviour according to regulations (PEP and Sanction lists). The Company can apply AML/CFT and reporting procedures if necessary (if reasonable grounds are present to consider and identify or financial fraud have been committed). The Company is enabled to decide independently who can participate and have access to the network (Onboarding policy, Sanction policy). Π’he Company can apply all KYC and KYCC regulations and in that sense is closer to financial institutions and governments. In many locations, cryptocurrencies are not regulated and this enables the applicable CDD process to bank the unbanked people. The Centralized BlockChain is more environmentally friendly since they do not need so many resources to implement and to secure the entire network. The bigger the public BlockChain is (Bitcoin, for instance), the more miners are needed to make things work. This is not an environmentally friendly BlockChain since just one simple Bitcoin transaction has a very high cost! Organizations and Companies can store and protect their most valuable data with the help of a centralized Blockchain. Soon it will be available.
Why is ONE the Coin for Merchants?
The fact that Cryptocurrencies operate in a highly unregulated industry and have a reputation of being “risky”, “pyramids” or “bubbles” presents a serious barrier for their mass scale adoption by most users and retailers. As stated many times before, there are various reasons why Cryptocurrencies could become the generally accepted payment means of the future. Paying with Cryptocurrencies offers advantages to both customers and retailers, making them attractive to both sides. Why is that:
LOWER TRANSACTION FEES. As opposed to Credit Card Companies, which usually charge up to 3% in processing fees, which can add up quickly. In contrast,Cryptocurrency Transaction Fees usually do not exceed 1%, making them desirable for retailers!
FASTER AND SECURE TRANSACTIONS. EXCHANGE WITHOUT A MIDDLEMAN
One of the main benefits of Cryptocurrency Payments is the exchange, meaning the Removal of a middleman. This means that the technology is designed to facilitate (at least theoretically) Instantaneous, Cheap and Secure settlement of values without a middleman, such as a Bank!
REWARD INCENTIVES
Many retailers and online platforms that accept Cryptocurrencies as a payment method have developed incentive and reward programs for doing so. For example, Merchants can participate in free advertising campaigns in accordance to the Company strategy. The numerous advantages of payment Coins have led to the fact that there is now a large number of cryptocurrencies aiming to become generally or widely accepted payment means. Out of the total 1,910 cryptocurrencies which are listed on CoinMarketCap, it is expected that about 10-20% of them are payment Coins or payment tokens. And even more will come. What distinguishes OneCoin from all other Coins and has ultimately lead to its acceptance and usage by a large group of retailers is: 1. the size of the partner network (active accounts are 3 559 259 and registered accounts are 13,002,970 Members)the speed and transaction efficiency. 3. the incentives offered to retailers and customers. 4. the advanced of CDD applicable policies and procedures (KYC and KYCC process in order to avoid online scams and to make the reporting process easy). 5. the implementation of AML/CFT policies and procedures that follow the latest updates of regulations worldwide. 6. the implementation of systems which will facilitate coin demand as the Franchise model. 7.Availability of an Advertising Platform (DealShaker). 8. the Coins price stability. A stable price will be achieved, so that Merchants can be calm and certain that they have received exactly what they expect in return for their goods and/or services (a mechanism for the stability of the coin has been implemented on the Exchange through the liquidity account, the artificial demand via the functionalities of the One Ecosystem and through remittances).
Payments with ONE - advantages for Merchants
ONE is often referred to as the Coin for Merchants. Designed for future-proof mass transactions, ONE was created with the idea of accommodation of Merchants needs. With its low volatility, global access, cost efficiency and mass market suitability, ONE’s characteristics are perfectly suited for merchants willing to use safe and stable Cryptocurrency. With the launch of DealShaker in 2017, the Coin was utilized by merchants. To ensure its Global usage, OneCoin continues to develop its ecosystem of products and services, utilizing the Coin for both users and Merchants, thus a fully functioning Franchise System came into place, aiming to constantly increase the Merchant number and to create demand as well. DealShaker’s Franchise model is the so-called Business Format Franchising. When they think of franchising, many people tend to focus on the law and profit first. While law and profit are indeed important, it is not the most vital thing about our franchise model. At its core, our franchise model is about the franchisor’s brand value, vision, standards and goals. It is Intuitu personae (lat. because of the person), a personal services contract, where the person of one of the contracting parties is an essential term of the contract. When it comes to the Franchise segment of the EcoSystem and its purpose, the main focus is on creating the demand while using our knowledge for local market specifics. The company will continue to provide information via all corporate informational channels.
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