Today`s cryptographic software features its complexity and purely academic language, thus being so horrifying to use. Despite the growth of popularity of the popular expression “usable crypto,” until now nobody has managed to create a product connecting ease of use with crypto. The KaratGold project has dealt with that challenge and found the right balance between people`s interaction and technical cryptography stuff.
The mission of KaratGold project is the creation and development of a global infrastructure that will become a bridge between conventional and blockchain-based financial systems. The Gold Imperium, KaratGold`s financial ecosystem, is extensively backed by cutting-edge technologies and includes Karatbars GmbH, KaratGold Coin, KaratPay System, KaratCoin Bank, and KaratBit Exchange.
One of Karat’s most prominent products is the secure payment gateway K-Merchant. From now on, retailers and online shops worldwide can use the new crypto payment system for their own purposes. The central element of K-Merchant is the irreversible, booking- and certification-secure logging of the payment by the KaratGold blockchain. All it takes is a simple scan by a smartphone. K-Merchant has pre-built customizable modules for the most popular e-commerce platforms like Magento, Shopify or Prestashop so that your business doesn’t have to waste time on integration.
Everything runs automatically, legally secure and above all quickly: The customer initiates a payment via K-Merchant, the system validates it and the process is completed – irrevocably and without costs. The payments are then credited to the service provider in the twinkling of an eye and irreversibly.
KaratGold is the cryptocurrency that powers the KaratGold global payment system and serves as the vital settlement unit for the operations in KaratPay, KaratCoin Bank, KaratBit, K-Merchant, etc. To put it simply, it`s an asset exchangeable for real gold; so called tokenized gold.
KaratGold Coin, along with its spending app K-Merchant made the process of crypto payments a way more comfortable. First of all, K-Merchant allows online vendors to accept crypto payments with a simple scan, while KaratGold Coins can be easily converted to gold. And the real revolution in crypto payments will begin after 4th July Gold Independence Days since investors will be able to exchange 100 KBC tokens directly to 1g of physical gold and receive it in the form of CashGold at ATMs owned by Karatbars. What’s more, the K-Merchant app contributes to the flexibility of the whole process, since it allows the users who do not want to keep up with physical gold to spend their KBC tokens through the app.
KaratGold payment system is also carefully adapted to the needs of users. For instance, if you own gold through KaratGold, you can spend it as you wish and there is no need to look for a buyer for gold. But if you want to buy more gold or sell it, you can do so with dollars, euros, BTC, ETH as well as with various fiat currencies, without having to go through complex, time-consuming transaction operations. Given the fact that the price of gold can dramatically change within just a few hours, the KaratGold system significantly minimizes the risks both the buyer and the seller regularly take.
To top it all off, the Impulse K1 phone blockchain-driven smartphone, being a part of a large K-Universe ecosystem powered by KaratGoldCoins (KBC) is here to make the transaction process an easy daily routine!
You can find further details on our official website http://k-merchant.com