The DIM ecosystem has extended after launching DIMPAY. DIMPAY mainly concentrates on offering digital transactions to businesspersons as well as consumers. Additionally, it is aiming to provide monetary solutions for billions of people who do not have any bank accounts. DIMPAY is a fast and decentralized mode of payment backed by the blockchain technology.
DIMPAY is particularly developed for tracking the inventory, generation of invoices, making payments, and many other purposes. This platform based on the blockchain technology is instantaneous as well as inexpensive. Utilization of this technology has eliminated countless payment inaccuracies. This platform is mainly directed towards business-to-business, consumer-to-consumer, business-to-consumer, and peer-to-peer transactions.
This amazing platform of payment consists of the mobile application, DIM debit card, and DEPOWALLET web application. Users can hold, manage, buy, and sell cryptonized assets and cryptocurrencies in a safe manner.
Plus, the debit card of DIM enables the consumers to make use of walk-in-purchases as well as e-commerce within the trading sector. This platform of payment enables users to have a complete control over their finances all the time. It also ensures that measures related to protection against illegal activities and frauds have been executed properly.
DIMPAY uses a quick response code that safely imbeds all the important information without an e-mail address. DIMPAY enables the business merchants and consumers to receive and make payments by using anonymous accounts. These anonymous accounts can neither be frozen nor can be blocked, similar to other payment systems. Most importantly, these business accounts can be accessed only by scanning a QR code with a mobile phone and not by using the barcode system.
Now that the popularity of the mobile devices is increasing, the adoption of mobile payments and QR codes is also expected to increase. DIMPAY is basically aiming to gather the benefits of this increased mobile usage.
According to the update given by Cisco’s Mobile Data Traffic Forecast, the growth of mobile traffic was 63% in the year 2016 almost reaching the height of 7.2 billion gigabytes in a month. This increased by 2.8 billion gigabytes in the end of the year 2015. The anticipated growth by the year 2021 is 49 exabytes. Mobile devices show only one-fifth of the total IP traffic with Smartphones accounting for more than half of the worldwide networks and devices.
The quick response code is the base for the B2B, B2C, and P2P sectors that are making use of DIMPAY platform. The introduction of the QR code will abolish the requirement of participants, like cashiers, in the payment procedure. The eradication of these participants from the payment procedure will reduce the cost and increase the efficiency level, which will benefit consumers as well as merchants.
The DIMPAY ICO is created to promote the growth of this blockchain platform. DIMPAY is a company separate from the DMI foundation. It is the initiative towards the decentralization of DIM Ecosystem. If you want to get more details about DIMPAY, then read its whitepaper.
