COINAREA · @coinarea_ltd
14th Aug 2020 from TwitLonger
Apollo Fintech introduced the NPP platform for payments instate cryptocurrencies
✔️The developers of the Apollo Fintech startup presented the national Payment Platform (NPP) based on the blockchain, which will allow making payments with state cryptocurrencies. The developers explained that the NPP is a non-cash payment system that Central banks will be able to use after issuing their own stablecoins. Government agencies will be able to interact with commercial banks and other financial organizations to make payments in stable cryptocurrencies issued by Central banks.
✅The platform will allow you to make transactions between individual users and merchants using SMS, QR code and Bank cards. Payments can be made even via text messages. This means that in theory the system will be able to support even outdated phone models.
🗣"The NPP will simplify communication between economic market participants, as well as save their time and resources. Payments using state-owned cryptocurrencies will be much more efficient, and it will become easier for Central banks to implement their stablecoins,"- Apollo Fintech CEO Stephen McCullah said.
He added that the new system will eliminate possible barriers that banks may face when launching their own cryptocurrency. According to the head of Apollo Fintech, if you provide access to such stablecoins to all banks, individuals and organizations, it will accelerate the development of the cryptocurrency industry and the widespread introduction of digital payments.