Cryptocurrency on the Citify Marketplace
Citify Marketplace is a social hyperlocal marketplace for city merchants retailers to place their products on one online/app marketplace. Citicoin will be its native currency to cut the hefty% fees for every transaction traditionally with Paypal and other fiat systems.
- Citicoin is a cryptocurrency that will be used on the Citify marketplace.
- It will allow shoppers and merchants save money on hefty % fees as with traditional fiat transfers as with Paypal.
- Fast payments, secure, and decentralized payments from across the globe and without the need of a financial institution.
- The token can be exchanged, traded, and used like any other cryptocurrency.
- Users can transfer the currency to other users.
- Citicoin can also be used as a reward token for frequent shoppers.
- Shoppers and merchants can do what they wish with accumulated tokens, buy more products on the marketplace, exchange for other currencies, or cash out in fiat.