NETZ Pay
Netz Pay offers a complete cross-border trade cycle. Buyers and sellers can communicate rapidly, receive assurance about the engagement of the other party in the transaction, and manage and distribute data and documents. Netz Pay was built on the latest technologies and for the latest technologies. It was also built with the latest security measures.
An explanation of its main attributes and capabilities is provided below:
Instant Payments: Netz Pay provides a comparable rapid payment service for payments related to commodity arrangements. Due to Netz Payviding the encumbrance-free payment through the selling side utilizing NETZC Tokens, THE selling side can be credited immediately in the NETZ safe wallet; thus, using immediate settlement confirms the definite adapted invoice and the security of the seller now payment risk, accelerating the efficiency and liquidity of commodities trading transaction.
Permissionless Nature: Since Netz Pay users do not need any permission from any centralized authority to use the payment gateway, it is straightforward for individuals with different nationalities and geographical locations to access commodity trading.
Integration of Secure Wallets: Netz Pay applies the wallet programs designed explicitly for NTZC Tokens, securing both the money and any private data at the user end with highly secured encryption and authentication layers – making the chances of fraud or unmerited access almost negligible.
Automation of Smart Contracts: They also need smart contracts that allow for the automation of payment settlements. A smart contract is a self-executing contract with the terms of the agreement automatically executed and enforced by the network once the predetermined conditions are met. The payment terms could be automatically and precisely met and enforced for a diagnosis from one of the doctors in this network. This will lower costs, speed up the payment process, and reduce the chances of human manipulation or errors.
Netz Pay App Features
Netz Pay connects both buyers and sellers. To execute the order, Netz Pay users can follow these listed features.
Download NETZ Pay Application
Download the latest version of the Netz Pay application from the App Store for iOS for now. Our app is only available for iOS now and it will be launched soon for the Android operating system.
Seller account creation
The registration process for sellers has been streamlined, ensuring swift onboarding to the platform. Integration with KYC (Know Your Customer) procedures has been implemented, with verification facilitated through trusted partners such as Veriff.
Buyer account creation
A user-friendly registration flow has been implemented for buyers, facilitating quick access to the platform. KYC procedures have been initiated, followed by approval through Veriff's reliable verification system.
How buyers and sellers can acquire Netz tokens:
a) Buy via Commodity
The integration of the Netz Gateway Key (NGK) streamlines the onboarding process for commodity suppliers, simplifying the purchasing procedure. The Compliance Analyst oversees the supplier's review, verification, and approval. Users can sell commodities by submitting their products for valuation on the TradeDesk platform. After the Netz admin approves the commodity, NTZC tokens equivalent to the commodity's value are credited to the user's wallet. These NTZC tokens can then be swapped for USDT or withdrawn in fiat currency to a bank account, offering users flexible options for managing their assets.
User instructions:
Placing a New Order
Complete the Order Form: Fill out the required information including commodity name, quantity, estimated amount, commodity category, and country.
Order Submission: Submit the completed order form to the trade desk for evaluation.
Order Evaluation
Trade Desk Review: The trade desk will review your order and provide an evaluation within 48 hours.
Notification: You will receive a notification once the evaluation is complete.
Acceptance or Rejection from the user
Accept Evaluation: Review the provided evaluation. If you agree with the evaluation, accept through the application.
Reject Evaluation: If you disagree with the evaluation, provide feedback explaining your reason for rejection.
Admin Approval: If you accept the evaluation, the admin will review and approve the request with Netz purchasing the commodity. The equivalent NTZC value of the purchased commodity will be credited to your wallet.
In some cases, the admin may reject your order after evaluation. You will be notified of the reason for rejection.
Swap: User can later swap this NTZC to USDT as per his need.
b) Buy via Bank transfer
1. Buying NTZC Tokens Through Bank
· Bank Transfer: Users can initiate a bank transfer to purchase NTZC tokens. The NETZ platform provides detailed instructions and bank account details for the transfer.
· Verification: Once the bank transfer is initiated, users shares proof of payment to NETZ for verification. This ensures that the transaction is tracked and processed accurately.
· Token Allocation: After verification, the equivalent amount of NTZC tokens is credited to the user's NETZ wallet. Users can view their balance and transaction history within the platform.
· Security and Compliance: All transactions are secured through advanced encryption protocols, and NETZ ensures compliance with relevant financial regulations to safeguard users' funds and personal information.
Sell
1. Withdrawal to Bank:
Process: Users can convert their NTZC tokens into fiat currency and withdraw the funds to their bank accounts.
Steps:
· Initiate Withdrawal: Users select the "Withdraw to Bank" option within their Netz Pay account.
· Enter Details: Users enter the required bank account details and the amount of NTZC tokens they wish to convert.
· Conversion: Netz Pay converts the NTZC tokens into the chosen fiat currency.
· Transfer: The fiat currency is transferred to the user's bank account, completing the withdrawal process.
· Benefits: This method provides users with direct access to fiat currency, enabling them to utilize their funds in traditional financial systems.
Withdraw via Pix (Brazil):
If you are from Brazil, you can withdraw to the bank via pix key. You just need to give some simple details to complete the transaction process:
User Instructions:
Provide your CPF for individual account and CNPj for business account.
Enter the recipient's PIX key.
Specify the conversion amount and submit.
Monitor the four transaction steps: request initiated, connected to exchange, conversion to BRL, and withdrawal to bank.
Upon completion, the withdrawn BRL amount will be transferred to the specified PIX account.
2. Conversion to USDT (Swap):
Process: Users can convert their NTZC tokens into USDT (Tether), a widely-used stablecoin pegged to the value of the US dollar. Conversely, users can also swap USDT back to NTZC.
Steps:
· Initiate Swap: Users select the "Convert to USDT" or "Convert to NTZC" option within their Netz Pay account.
· Enter Amount Users specify the amount of NTZC tokens they wish to swap for USDT or the amount of USDT they wish to swap for NTZC.
· Conversion: Netz Pay facilitates the conversion of NTZC tokens to USDT or USDT to NTZC.
· Receive USDT: The converted USDT or NTZC is credited to the user's Netz Pay wallet.
Benefits: This method allows users to hold a stable digital asset (USDT), which can be used for various transactions within the crypto ecosystem or further trading, and offers flexibility to switch back to NTZC as needed.
Send and Receive NTZC
Send: Netz Pay allows its users to send NTZC tokens to any other wallets, in a cost effective manner.
Receive: Netz Pay allows its users to receive NTZC tokens to any other wallets.
NETZ Pay Wallet
The Netz Pay wallet is secure for storing NTZC tokens and digital assets. It has solid safety features to protect your funds. You can track your entire transaction history easily, too. And it works smoothly with other apps and services. The wallet supports the storage of NTZC tokens, the native currency of the NETZ ecosystem, and other digital assets.
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