The Nexty Platform is an exciting new development in the financial technology industry that uses its own proprietary technology called DCCS to improve online transactions using cryptocurrencies.
If you're a new startup in the technology or e-commerce industries or you're interested in cryptocurrencies in general, you won't want to miss finding out more about what the Nexty Platform.
The service offers new startups a way to raise money from the community by using block-chain technologies with instant transfer of funds using a new technology called DCCS with zero transfer fees for each transaction.
Imagine having an online shop where, instead of paying a portion of each sale as a transaction fee, you get to retain the full amount paid by the customer! This could make a significant difference to the annual profits of any online venture whether it's a shop, a fund-raising cycle or a monthly subscription service.
DCCS or the Dual Cryptocurrency Confirmation System is the Nexty Platform's system of currency. By 'dual cryptocurrency confirmation', they mean that day-to-day transactions take place instantly using Nexty Coins (NTY). They're then confirmed using the Nexty Foundation currency (NTF). NTF is also used for investment in the Nexty Platform and bit-mining for new NTY coins.
The idea of using two different currencies is quite a sensible concept.
Regular businesses have a similar idea - they use operating capital and investment capital.
When you go into a bank as a customer, whether you're withdrawing money, borrowing money or paying money into your account, the bank is working with its operating capital fund (rather like NTY).
The value of the bank in terms of its shares, profits, and the buildings it owns are held in a different fund that the owners or shareholders can invest in (rather like NTF).
Because DCCS enables instant transfer of the main currency (NTY) to take place, funds can move more fluidly across the system and be invested more rapidly where needed.
To put this into perspective, it can take forty minutes for every Bitcoin transaction to be confirmed, often longer. This kind of delay can put people off making micro-transactions.
Most people want to know that when they've paid for something, it's left their account and they know what their remaining balance is. Waiting for payments to clear is what people have come to expect from their existing bank accounts, not modern digital currencies.
When you consider how DCCS offers dual-operating crypto-currencies, instant transfer and zero transfer fees, the user benefits become obvious, whether you're a new startup or an existing online-store.
A new startup trying to raise capital through crowd-sourcing needs to remove as many barriers to investment as possible.
Offering donors and investors a means of payment that is both fast and not subject to transfer fees is ideal, providing a method of raising capital that can be channelled into company growth more readily.
Online stores seeking to maximise profits will also benefit from the lack of transfer fees. By reducing outgoings associated with each sale, a store can reduce their prices, become more competitive and increase overall sales as a result.
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