Nexty (NTY Token) Acceptable Crypto Payments on Jeju Island, Korea
Jeju Island South Korea’s largest island with an area of 1,846 square km, the island is also known as Jeju-do, it is Koreans only autonomous province out of all its 9 provinces.
Jeju Island is quite popular among the Asians because of its distinctive geographic and cultural potentials. Its popularity has grown in the past few years among couples because it is the best location for romantic escapades and a good choice for honeymoon holidays. Jeju Island was termed the love heaven on earth due to its peaceful serenity and hygienic environment no wonder it is the first choice location for romantic holidays.
With its increased popularity the government of Korea has heightened its expectation for the island. Out of the 9 provinces of South Korea, Jeju Island is the only one to enjoy autonomy under the Jeju special self-governing province approved in 2006.
As a result of its autonomy, the island’s quest for self-determination was heightened and as such certain measures were put in place in order to attract investors to the island some of the measures include giving incentives to foreign and local investors. The government of Jeju Island gives tax exemptions in almost 24 sectors such as education, tourism, information technology and biotechnology, these measures have helped to attract both local and foreign investors to the island.
The Nexty platform is among the many investors that have been attracted to Jeju Island to contribute in its development based on the above-mentioned reasons.
The Nexty platform is a mainet –ready blockchain with 1800tps, zero transfer fee and prize stabilization. Not only does Nexty platform provide zero transfer fees and prize stabilization it is also designed to reduce the confirmation time for its transactions to about 2 seconds which is a great advancement to what is obtainable from other digital currencies which have almost an hour of confirmation time. This improvement in the fall out of pre-existing digital currency has made NTY be the number one choice for daily use.
NTY tokens can be purchased on IDAX, Coinbiene and VNbig cryptocurency exchange. In a bid to make NTY easily accessible to its users Nexty platform has launched the initial version of its mobile wallet for android and IOS.
On the 17th of August, 2018 a memorandum of agreement was signed between the CTO of Nexty platform Mr. Thanh Dao and the CEO of Inter-marketing 9 (Integrated Marketing Corporation) Mr. Jason Won on using NTY for payment on Jeju Island.
NTY offers a range of solutions to the problems encountered by other digital currency on the market and this has made it the most preferable choice for transactions. Nexty tokens can be used for hotel bookings and another form of reservations on the island. Some of the brands that NTY can be used for includes Olleh Resort and Spa, Hotel and Resort Co Ltd, Olca Jeju (a rental platform) with no extra charges on transaction fee and less delay in confirmation time.