CafeCoin is An app that makes your daily purchases work for you. CafeCoin’s blockchain and mobile App can be used to buy or sell goods anywhere, at anytime, and without the added cost and data exposure that comes with traditional payment processors. Now, the credit card fees typically charged can be saved, and that money passed on to you as tailored discounts and loyalty rewards.
Its time for retailers and customers to be liberated from big credit card, debit card and big data companies sharing private transactional data and charging exorbitant fees. Every time your favorite stores accept your credit/debit card as payment they are charged a fee that is most often passed on to you through higher prices, and private information, including your home address and payment card security details are shared.
CafeCoin’s new retail blockchain and mobile payments application replaces those fees with incentives for all CafeCoin users to use the minimal computing power in an everyday smartphone to confirm transactions on the blockchain.
Because your favorite retailers have no fees to pass on from credit and debit card companies, they can be incentivized to use those savings to give you discounts on any good or service. Moreover, CafeCoin allows users and retailers to control the historical data they share with each other, and the ability to share that data in return for tailored discounts and promotions. Taking tailored marketing away from giant tech companies and giving it to the everyday person and small business across the globe.
The CafeCoin Solution is CafeCoin gives Consumers the Power to Drive savings through discounts and all retailers the power to both save and market their products with unparalleled precision
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Why do Payments Need an Upgrade? Privacy is a fleeting concept in today’s world, consumer data is harvested without consent and used through intrusive marketing schemes. High fees on transactions also stack up and increase overall costs of daily payments at a time when there are alternative options. Today, people around the globe rightfully demand greater privacy at lower cost when buying goods.
How Will CafeCoin Change Things? CafeCoin will give you control over your privacy and virtually eliminates credit card and mobile payment transaction fees in a process which benefits both you and shop owners.
Blockchain makes CafeCoin possible by allowing it to be completed and related information stored and transferred without any single point of failure. Additionally, because CafeCoin will be a decentralized token the bandwidth necessary to track hold and confirm transactions can be shared amongst thousands of users instead of requiring the costs to be born by any one particular source.
Each transaction completed with CafeCoin, as well as any related information, is announced to the chain and confirmed. The blockchain acts as a secure store of that information which is private and only accessible and sharable by the users who created it, or to those with whom users have chosen to share their information.
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