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04/12/18 09:03 UTC-4

KIBIS Blockchain-Kiosks: payment of utilities with cryptocurrencies

KIBIS cryptocurrency payment kiosks
KIBIS cryptocurrency payment kiosks

The KIBIS company, based on the blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details
technology, presented plans to deploy a global network of self-service kiosks that allow you to pay bills, make purchases and access other financial services in cryptocurrency, as was reported on the official website of Kib.is.

"Our multi-faceted project includes self-service kiosks, blockchain architecture, advertising revenue streams and smart-development of cryptocurrency systems. The KIBIS coin will be decentralized to carry out market transactions (...) and to have high bandwidth on the e-Wallet payment network." – Kib.is

The KIBIS website states that many services will be available at innovative payment kiosks. Consumers will be able to pay bills for gas, water and electricity, book flights and check flight details, subscribe to television services such as Amazon Prime and Netflix, and buy prepaid vouchers for themselves or loved ones. The payment method accepted by self-service kiosks will be cash and cryptocurrency (personal KIBIS tokens). Other payment methods will become available over time.

Today, the platform cooperates with hundreds of mobile operators, allowing users to replenish accounts and pay for services with a smartphone. Soon it will also be possible to make charitable donations directly from the kiosk. To help spread cryptocurrency, consumers will also be able to invest in gift cards for crypto-exchange.

Fast and transparent blockchain technology will be used for high-speed processing of transactions with connection to a payment network and an electronic wallet. For KIBIS to work more efficiently, an additional blockchain will be created that connects to the Ethereum network. That is, the company's personal tokens will work using the ERC20 protocol.

KIBIS blockchain kiosk: how it works

In addition to transactions, the KIBIS website states that innovative kiosks will provide an additional revenue stream. Promotional broadcasts will be visible at the top of each monitor. If we consider the fact that these "crypto-terminals" will probably be used all over the world, the company is confident that this can create high demand from enterprises.

"By the end of next year, KIBIS hopes to start distributing kiosks in Oman (...) and will start developing e-wallets that will be used by customers (...) Wallets will boast more than 2000 services" – from the Cointelegraph message

Such self-service kiosks in pilot mode are already operating in the United Arab Emirates, Ukraine, Russia, Great Britain, Azerbaijan and other Eastern European countries.

Editor: Alyona Nabok

See also: "Thailand Revenue Department: VAT will work on a blockchain basis"

#KIBIS #utility bills #self-service kiosks #cryptocurrency #blockchain

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