SAT is quickly establishing itself as the world’s first decentralized crypto payment infrastructure specifically focused and suited to retail payments. The ideology and goal of Satoshi Nakamoto when he founded Bitcoin has been religiously followed through the SAT network.
Melbourne, Australia, December 02, 2021 (GLOBE NEWSWIRE) – The main objective is to facilitate the payment of the first cryptocurrencies like Bitcoin, Litecoin and Bitcoin Cash. The SAT platform aims to develop a decentralized, open, transparent and irreversible peer-to-peer payment system. In terms of theory, cryptocurrencies have great payment potential based on these characteristics.
Currently, a number of cryptocurrency developers, including SAT, are actively participating in the existing financial payment system. SAT Network is an open source peer-to-peer payment consensus system that verifies and transfers payments in a decentralized manner using the consensus of many network nodes.
SAT Network has built a payment hub that can be used for exchanging assets through their ATM, whether the user pays in fiat or digital currency, in light of the current state of the crypto market. In addition, it intends to build the world’s first cryptocurrency ATM and POS, which can be used to exchange fiat and digital currency and enable the free exchange of digital and fiat currency.
The POS machine can adapt to all common payment methods, detect an ecological link between crypto and traditional payments, and facilitate physical transactions. SAT equipment enables rapid conversion between various fiat currencies, Bitcoin and SAT, creating a strong platform for cryptocurrencies to be used as the currency of circulation in daily transactions.
The platform has quadrupled the speed of block production to meet the actual transaction demand based on the original retail payment in cryptocurrency. SAT tokens have halved every 4 years, and the constant supply makes the model unminted and broadly deflationary. The SAT network has built its own devices to enable recipients to receive money using cryptocurrencies with the simplest possible interface and without extensive training.
The Blockchain is determined to take concrete steps to lower the barrier for retailers to accept cryptocurrency by using technology to smoothly solve the problem. While encouraging recognition of the value of cryptocurrency, it also makes business payment models indistinguishable from the existing traditional approach. The SAT network ecosystem is very large and can be used in a wide variety of circumstances. Examples are offline retail, e-commerce, online entertainment, wholesale transactions, supply chain finance, cross-border transactions, and almost every other scenario.
In addition, he developed a payment aggregator for retail cryptocurrency payment. The SAT will also be given more responsibility in retail payment settings and increase community acceptance and recognition. The overall outstanding market value of the SAT is currently $ 25 million. As a small market cap coin, it has been listed on the HOO Exchange, Hotcoin Global, and Coinbig exchanges. In the future, the implementation of the SAT network ecosystem and application scenarios will accelerate.
About SAT: It was created in January 2021, it’s not a new concept. In the white paper, Satoshi Nakamoto detailed the plan for this to be Bitcoin’s lowest unit; SAT, will become a new part of the future. At present, the SAT network is the first concept payment project in the DeFi industry.
CONTACT: Name: Terry tan Email: [email protected] Organization: SAT Coin