OVERVIEW – description provided by Requitix
Requitix seeks to create a payment platform that eliminates the capacity for stakeholders in a transaction – retailers and consumers – to engage in fraudulent actions against their counter-party by exploiting the inherent properties of the Ethereum Blockchain which, combined with our in-house analytics solutions, will prevent scammers, spammers and chargebacks inflicting the kinds of costs that undermine the profitability within the e-commerce space.
Transaction fees will be axed from an average range of 3% to 9% with current payment houses down to just 0ne half of one percent with Requitix – unimaginably low fees in comparison to today’s current practices.
Our mission objectives are:
- Streamline payments by exploiting the Ethereum network for its transparency and unhackability.
- Render payment processing times to a fraction of their current performance within traditional payment platforms.
- Facilitate ease of access to a USD $10 trillion market.
- Expose online commerce to the exponentially growing services and products of the Ethereum network.
- Propose a decentralised, secure payment solution underpinned by a trust platform with negligible fees.
- Upgrade consumer data protection mechanisms with the latest, secure crypto-graphic technologies.