OTPPAY - the best payment platform for using cryptocurrency

In spite of the rapid development of Internet technologies, modern society is still skeptical of the cryptocurrency. This can be explained by lack of a possibility of payment of daily purchases. The ordinary consumer can't pay off with cryptocurrency in a supermarket, have dinner in the nearest cafe or buy a pair of t-shirts in a shop. Use of cryptocurrency restricted, and acquisition of real goods is almost impossible.
Yes, each user can "turn" cryptocurrency into funds in the bank account or at all transfer them into cash. At the moment holders of cryptocurrency have only one a way to pay with usual money – to use services of the Internet exchangers offering an exchange for currency. At the same time, the Internet exchanges charge a reasonably high commission, and the process itself is not automated.
One of the best projects which suggest realizing in the global market a possibility of payment of goods or services in cryptocurrency is OTPPAY. The project proposes sustainable solutions to crypto community, providing the platform allowing customers to pay in cryptocurrency, and allowing sellers to receive payments in fiat money. OTPPAY has every chance to become the largest platform in the world on which it will be possible to buy and sell all significant cryptocurrency assets.

Let's consider in more detail what is this project.
OTPPAY is the payment platform intended for the purpose use of cryptocurrencies for instant payment. Mechanisms from artificial intelligence and machine learning of processing of orders and transactions will quickly convert any cryptocurrencies in OTPPAY tokens, and OTPPAY tokens in fiat money. The primary objective of the project is to replace the existing traditional banking system with transfers, payments, exchanges, and loans from Otpay Crypto Bank, based on blockchain technology. For achievement of the purposes, the project proposes new solutions of liquidity for clients, innovative mobile application and proximity debit cards that can be used to the worldwide.
As you have already understood, OTPPAY is Omni token platform for payments and the blockchain powered wallet the main components of which buy, sell, exchange and pay. Let's consider each element in more detail.

Buy and sell.
On the Omni platform, each user without effort will be able instantly to buy and sell cryptocurrencies. When the user places the request on the desired services, the AI-based mechanism instantly matches this particular the request with all other requests on the platform and cross them directly, without physical transition of assets.
Exchange.
The platform offers a flexible exchange system in mobile wallets, where the user can switch the primary mode of payment and exchange from crypto - crypto, fiat - crypto, crypto - fiat, and fiat - fiat. A reliable architecture to based on a combination of traditional security standards (PCI-DSS).
Send and receive.
The mobile application works on the "simple swap" model and allows you to transfer tokens from one wallet to another instantly. OTPPAY also offers modern analytics of the prices with interactive schedules. Therefore, the user can analyze a price tendency before the translation.
OTPPAY debit map
The OTPPAY mechanisms will automatically process the convert/exchange requests. For example, if you were traveling around the world and withdrawing cash from ATMs, the GPS-guide mobile application will instruct the services to convert the requested amount from crypto into fiat and transfer the required amount to the card. The project also offers for card owners lack a limit on the volume of transactions in crypto and fiat money, service cash back and bonus points.

The advantages for users of the OTPPAY platform

• Predictive analytics and negative database allow to analyzing trends of the cryptocurrency market. The project develops an open platform for creating the "Negative crypto database" by which will record all negative/unsuccessful events in the crypto community.
• A unique identification code embedded in the QR code allows users to transfer payments after scanning the QR code instantly. The system with QR-code reliably protects confidential data of customers during transactions, and the escrow mechanism enables you to reserve order with a guarantee of payment.
• The contactless system payment of NFC TAP TO PAY will allow you to pay off with help cryptocurrency in supermarkets, shops, cafe, etc. All NFC-based devices always will be connected with mobile applications of users of OTPPAY, and therefore the user will be able to block/disconnect the device, which guarantees high security.
• The CCR's credit rating will automatically calculate the rating taking into account many factors and geographic data that will guarantee its accuracy. The system will immediately notify merchants and users about any changes in the CCR.
  Instant granting loans based on the blockchain technology, allows the merchants registered in the system to issue the short-term credits in a double or fivefold size of the sum of monthly sales. The credit limit will calculate according to characteristics of sales the merchants and data of credit rating.Users of the OTPPAY wallet will be able to use this service to purchase products and services from merchants registered on the OTPPAY platform. Smart contracts will control all agreements on granting loans.

Example of using OTPPAY
To buy in the usual shop a carton of milk using cryptocurrency, the user should refill balance at the exchange (for BTC will take on average 30 min.), to exchange currency and to wait for transfer the fiat up to three days. After that, you can finally proceed with the purchase.
Using OTPPAY, users can instantly pay in the cryptocurrency directly from the OTPPAY purse. The user clicks on the NFC terminal, scan the QR code with a smartphone, or uses a debit card OTP PAY. However, OTP tokens required for this. If the user does not have them, a user will have to find the owner of tokens and to buy/exchange them.

Token
The token of OTPPAY is a kernel of all transactions which directly or indirectly are carried out on the platform OTPPAY. In the ecosystem OTPPAY impossible to make payment without tokens of OTP and the smart contract. It not only encourages owners tokens to use them for payments but also attracts new users on the platform. Tokens OTP will be released only during ICO stages. In the future tokens of OTPPAY will be added on the different exchanges for expansion of the user audience and achievement of goals in the market.