New Zealand’s Choice Cryptocurrency Blockchain Payment System
What Is Choice?
If you are looking for a cryptocurrency that offers you the choice to pay without having to pay high fees in New Zealand, you should know more a company called Choice. The company has created a cryptocurrency with a paying method that charges lower transactions fees and gives them to charity.
How Choice Cryptocurrency Blockchain Payment System Works
Choice has created a way new to make business. The company charges smaller fees than other companies in New Zealand and gives a major part of the transactions costs that it charges its clients to charities in New Zealand. The idea began because the people who founded the company decided that people should not high transactions fees and what they pay could be used for the well being of the needed.
By using this platform, you can help to support organizations that you believe in. You can choose from a list to decide which charity foundation is going to receive your money every time that you make a transaction.
Instead of making investors rich, Choice’s goal is to give people the choice to help the people who need help the most in New Zealand instead of rich investors and make considerable changes in the country while helping small businesses to save billions of dollars per year.
How is the company able to do this? By terminating the middle men in the transactions by using the blockchain technology. The blockchain offers a way for the people that feel like the hostages of banks and financial institutions. By using this brand new technology, Choice is able to create lower fees
This company is a partner of the Kiwibank Fintech Accelerator and Nem.
How To Use Choice?
At the moment of this, you can’t. To use this company, you have to download the wallet and then buy tokens, but they are not currently being sold at the moment, so you have no choice but to wait a bit.
After the system is fully operational, you can link your bank account to the platform and use your debit card to use Choice. Payments can be made only using your phone’s camera and you can track the donations and decide where they should go. Why give money to banks when you could donate it instead?
If you are really interested in Choice, you can go to the company’s site and subscribe to the newsletter to know more about it whenever you the company has news.
New Zealand's Choice Verdict
Choice will only be used in New Zealand, but if you are from there and you are interested in charity, then this definitely can be a good option instead of using regular banks to pay for services. The fees that you have to pay will be considerably smaller and you will know that you are helping people in vulnerable social conditions in New Zealand by using this platform.
The platform is not operational yet, so we cannot definitely state that it will be great to use it, but it surely looks like a step in the right direction using the blockchain technology.