$OSTRICH as a Payment System:
First of all, let’s talk about why cryptocurrencies should be used as a payment method.
Security: Cryptocurrencies use a strong blockchain-based cryptosystem to secure transactions and prevent fraud. Purchases are recorded in a protected ledger. This makes it difficult to change or reverse transactions. It is secured by the nature of the blockchain system and the distributed network of computers that verify transactions. As more computing power is added to the network, the chain system becomes even more secure.
Low Commissions: Significantly reduces transaction fees, which are high in institutions that offer traditional payment systems such as banks, due to the lack of a centralized intermediary and the use of Blockchain technology for transactions with cryptocurrencies. This situation; It can be especially useful for people living in countries with high fees for international money transfers.
Fast Transactions: Cryptocurrency transactions are faster than traditional payment methods, especially for cross-border payments. For example; If you want to send money to someone in the United States, most transactions at financial institutions are completed within three to five days. Bank transfer usually takes at least 24 hours. Stock trades close in three days. But the transfer case with cryptocurrencies is that they can be completed in a few minutes. Once the block where your transaction is located is confirmed by the network, it is completely closed and the funds are available.
Accessibility: Cryptocurrencies can be accessed from anywhere with an internet connection. This makes them accessible to a wide range of people at all times, including those who do not have access to traditional financial services.
Decentralization: Cryptocurrencies are decentralized. Well; they are not controlled by a single entity such as a government or financial institution. This makes them free from financial strains.
Transparency: Blockchain technology used by cryptocurrencies provides a level of transparency not found in traditional payment systems. All transactions are recorded in a general ledger, which allows the accuracy and status of a transaction to be easily verified. This level of transparency can reduce fraudulent transactions. Someone can prove that they have sent and received money, or that they have the funds available for a transaction.
Market Expansion: Cryptocurrencies enable small businesses to expand and open their doors to international buyers who were previously unable to access their products and services.
Privacy: You can maintain your level of privacy as you do not need to register with a financial institution to transact with cryptocurrency. Processes are pseudonymous. In other words, you have a defined wallet address in the blockchain system. However; There is no private information content about you.
Briefly; Cryptocurrencies offer a secure, fast and low-cost alternative to traditional payment systems.
Why use $OSTRICH as a payment method?
$OSTRICH uses the BNB Chain infrastructure developed by Binance. BNB Chain is the best blockchain for Web3 dApps with massive user bases.
BNB Chain is the most used cryptocurrency network. A gas fee is charged for each transaction made on this network and these fees are burned to prevent re-circulation. Thus, the supply of the $BNB token decreases and its price rises.
$OSTRICH also has its own transfer fees, and these fees are burned to reduce the supply and increase the price, just like the $BNB token.
It is aimed to create usage areas for $OSTRICH in both the digital and real sectors, to ensure price stability and increase the value of the coin by using small fees.
Unlike other meme tokens, our goal as Ostrich.Club is to reveal real and unique values that can be beneficial to the blockchain ecosystem and humanity.
How cryptocurrencies can be used in the real world:
Online payments: Cryptocurrencies can also be used for people to shop online by offering traditional payment methods such as credit cards or PayPal, as well as for investment and savings purposes. Some firms and websites accept cryptocurrencies directly, while others use third-party payment processors that convert cryptocurrency to legal currency (such as US dollars). Examples of these intermediaries are Coinbase, CoinGate, BitPay and CoinsBank.
Which cryptocurrencies are used for online payments: Bitcoin, Ethereum, Litecoin and Dogecoin are commonly used in online shopping.
- Bitcoin: Bitcoin is the most widely used and highest valued currency in the cryptocurrency market. Many online stores and service providers accept Bitcoin. “Companies that accept Bitcoin in shopping”: Bitcoin Travel, Bitshopping, AbitSky, Expedia, KFC, Subway, Microsoft, Virgin Galactic, Lush and Tesla.
- Ethereum: Ethereum is a cryptocurrency that runs on the Blockchain network. Thanks to its smart contract feature, Ethereum is used in the sale of many online services and products. “Companies that accept Ethereum for purchases”: Gucci, Shopify, OverStock, Emirates and Amazon.
- Litecoin: Litecoin is a cryptocurrency similar to Bitcoin. “Firms that accept Litecoin” in online payments: Firms that have a contract with BitPay accept Litecoin payments.
- Dogecoin: Dogecoin is a cryptocurrency that was originally created for entertainment purposes. However, as its popularity increased, it started to be used in online payments as well. “Companies that accept Dogecoin in shopping”: Twitch, Newegg, Tesla and Cheap.
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