Blockchain Payment Solution (T-point App) is a tailored app that help customers to convert Terato’s digital currency into T-points. These points will be used in the Terato Blockchain Marketplace to buy/sell products or services. Yes, we can say that T-point app is a secured way used for payments in the Blockchain marketplace. Digital Wallet will be provided to the users to manage and use digital currency instantly at the online Blockchain marketplace.Digital currencies are the future of real-world payment that supports encrypted data and enhance the confidentiality of the payment process. Terato’s Blockchain Payment Solution (T-point App) allows consumers to store specified amount of T-points into their digital wallets directly on their phone which they can spend in Terato Blockchain marketplace and Terato healthcare by converting Tera token into T-points.Benefits of T-points with Blockchain Marketplace:TERATO’s Blockchain Payment Solution (T-point App) is supporting decentralized Ecosystem by allowing people to store digital currency right in their phone that’s safe, easy-to-use and effective financial tool meant for users and merchants to grow their business. Basically, it’s an independent platform that support decentralized financial Ecosystem built on 3rd generation Blockchain technology. Here we are discussing about the benefits of using T-points with Blockchain marketplace:
- Lower transaction fees
Terato marketplace allow users to use T-points to buy/sell products or services, that will automatically help you to lower down the transaction cost. Obviously credit card will charge extra amount on every single transaction that you make. These rates can go up to 2% to 5% per transaction. In this way you will end up paying hundreds of dollars extra on every single transaction you make. To prevent these types of extra charges you can opt to use T-points in Terato Blockchain marketplace to buy/sell products and services. This procedure will help you to save lots of money on every single transaction that you make.
- No chargebacks
By using T-points in the Terato Blockchain Marketplace retailers can prevent the chargeback frauds. There are so many users who buy products and return them back to retailers after using it. the chargeback rate is high on credit card payment. Customers ask to have a full refund by filing a complaint in the credit card company. This might be the risky process for the retailers. Terato Blockchain Marketplace enables you to prevent this type of chargebacks situation by using T-points, hence providing safe and secure place to retailers .
- Faster receipt of funds
Here at Terato blockchain marketplace retailers can enjoy faster receipt of funds without worrying about fees associated with international transactions. Credit card payments require retailers to wait for several days/weeks to process the transaction before the funds appear in the bank account. But with the use of T-points you can decrease the overall transaction processing time and accept the payments within few minutes.
- No inflation
Inflation is the biggest issue people are facing in the third world countries, where central banks use to inflate their local currency to keep their head above water. Even in countries like the United States of America inflation rate is quite high on consumer goods. So yes you can prevent the inflation issues by using T-points in the Terato Blockchain marketplace due to controlled quantity limits and the algorithms used in the system.
- Greater trust with your customers
Customers use to feel insecure while submitting their credit card details in the systems. Blockchain Payment Solution (T-point App) help merchants/retailers to increase the trust of customers as it doesn’t require you to share any personal information or card credentials. Terato Blockchain Marketplace help you to prevent credit card hacking or other type of cyberattacks.Use Cases of T-points with Blockchain marketplace:Terato digital currency system is erected and linked with complete circulation of its features. This circulation fulfills the demands of all high-tech clients and enable them to acquire benefits from the basic digital trending and about their reality products. here we are discussing about Use cases of T-points with Blockchain Marketplace.
- Register, Login & dashboard:
After getting registered into the Blockchain Payment Solution (T-point App) users will get all the information related to wallets onto the dashboard. From here you can check the available balance of T-points, Tera tokens and Ethereum in your digital wallet. This digital wallet enables users to store, send and receive Tera, T-point & ETH.
- Store, Send & Receive ETH:
Blockchain Payment Solution (T-point App) allow users to store, send & receive ETH to users. Moreover, user can check the dashboard of T-point app from here they can send & receive ETH to other user’s ID. This section enables user to check all the deducted Fee that will be charged while sending ETH.
- Store, Send & Receive Tera:
Blockchain Payment Solution (T-point App) allow users to store, send & receive Tera to users. Moreover, there is transfer section in the user’s dashboard from where you are allowed to send & receive Tera to another user’s ID. This section allows user to check all the deducted Fee that will be charged while sending Tera to another user.User can send Tera Tokens to another user’s Wallet Address. Moreover, there will be a customizable deduction fee charged (GAS Fee) before transferring Tokens. So, it means that user must have real ETH in the wallet if they want to send TERA Token.
- Convert Tera into T-Points
User’s dashboard of Blockchain Payment Solution (T-point App) also have the conversion section that shows available T-points. From here the user can convert tera token into T-point and see deducting balance of Tera token along with the fee that’s charged while converting Tera token into T-points. It will automatically display updated balances after the transaction or conversion is done.
- Store, Send & Receive T-Points:
Blockchain Payment Solution (T-point App) allow users to store, send & receive T-points to users. Moreover, there is transfer section in the user’s dashboard of Blockchain Payment Solution (T-point App). This screen shows marketplace ID where you want to transfer T-point. From here you can convert the T-points and send it to your marketplace ID. This screen will show deducted Fee that will be charged while sending T-points marketplace. In the dashboard there is send section from where user can send T-points to another user’s Wallet Address.
- Provide T-point Private Keys:
Blockchain Payment Solution (T-point App) provide you private keys and credentials of Terato’s E-wallet. Terato’s digital wallet is just like your online credit or debit account that will show your balance that’s why it’s very important to maintain confidentiality of your account information. Private keys are actually decentralized keys that are generated automatically to secure your private wallet.
- Centralized PIN to secure wallet:
TERATO’s Blockchain Payment Solution (T-point App) will ask users to generate centralized PIN. This centralized PIN will help you to secure the digital wallet. Basically, its different from digital or private keys and meant to enhance the security of your Digital wallet.
- Secure, semi-Decentralized wallet app
TERATO’s Blockchain Payment Solution (T-point App) have integrated 4 digit pin into T-point app to access several private pages in present in the app. Users are required to enter semi-Decentralized wallet PIN before making any type of transactions, etc. That’s why it's suggested to never share your PIN with the third party that’s required while making online transactions.