Initiative Q: Legit Cryptocurrency Payment Network Or Fraud?
What Is Initiative Q?
Initiative Q is another cryptocurrency company coming to the industry with the promises of easy money. As you might as well know, a company promising easy money is usually hiding something. The basis of Initiative Q is earning profits through a unique social payment structure. The first thing I noticed on the page was a ticker with money going down on it – the number continually dropping.
It’s a total scarcity and urgency tactic used by marketers to encourage or scare them to take a specific action. In this case, the website is full of all sorts of little games to play or buttons to click. In the industry, these are known as micro-commitments, small actions you get a user to take to build slight amounts of trust, so that in time they will take larger more lucrative actions for your cause or company.
Now that initial observation is out of the way, let’s dig into the company.
How Initiative Q Cryptocurrency Payment Network Works
The first thing I notice is the company doesn’t put much focus on the services and benefits they provide. Instead they focus more on the setbacks of others in the industry, a great way to pull attention of themselves. By showing the downsides of an industry, they unknowingly are boosting the way website visitors perceive them without providing any real information on themselves.
They do make some good points however, it’s pretty much well known that the payment processors used today are somewhat old and outdated, incurring high fees for any transactions made on them. Putting a big need in the industry for new payment solutions to improve the way people pay for things online.
Most users are used to what they use however, making it difficult for new payment systems to get a footing or really take off. Buyers are comfortable where they’re at for the most part, but Initiative Q is attempting to break into the payment processor sphere to provide users with improved ways to pay for goods & services online.
Claims that a new payment processor could potentially end up seeing 20 trillion a year in transactions is rather unrealistic. Initiative Q really has no basis for the claims they make, being completely unable to provide any information whatsoever on how they plan on achieving these massive numbers.
It’s supposedly going to happen using their Q currency, with millions of people joining the company’s project movement. Unfortunately, there isn’t enough information on the website to back these numbers, so I can’t support the belief it’s going to work until seeing more data. They give no indication on who is running the show or on the team, plus, no location information is provided on the business’ headquarters. Both are considered signs of scam companies looking to get fast money before ducking out, taking advantage of unsuspecting investors.
Initiative Q Conclusion
They compare their company to receiving free bitcoin, something too good to be true. As far as I can say, the company is suspicious. I can’t justifiably recommend anyone to invest into Initiative Q without more information on the team, business model, coin, metrics, and company location. If you still want to invest with the company, please do so at your own discretion with caution and carefulness, so as to not be taken advantage of like the millions of other investors who already have been.