Sparkpoint SRK White Paper

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Hello and welcome to this blog post about Sparkpoint SRK White Paper. I am very excited to know that you are interested in this amazing technology, you will be going to amazed by the incredible potential of the blockchain.

There is a lot to learn about this futuristic tech, lets get started to dive into the Sparkpoint SRK white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.

The aim of this blog post is to help you quickly understand about the philosophy behind the Sparkpoint SRK.

I can ensue you that, you will be able to understand every bits and pieces related to Sparkpoint SRK after going through the Sparkpoint SRK white paper.

Without wasting any further time lets get started to dive right in and lets understand white paper first.

What is white paper?

A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.

A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.

Sparkpoint SRK White Paper

Sparkpoint SRK white paper will be going to provide you, all the information that is needed to get started with Sparkpoint SRK, including the inspiration for creating, the problem it is trying to solve and the solution proposed by Sparkpoint SRK.

Introduction

The market has a fast-growing demand for fast, reliable, comprehensive, accessible, and low transaction fee payment channels. Existing payment options like money remittance center, online banking, and e-wallet for fiat currencies still lack these features and benefits. Now, people are looking for an alternative that is accessible to all regardless of social status, gender, nationality, and location while keeping their sensitive personal information safe from security threats and fraud. Also, an alternative payment channel is rewarding.

SparkPoint Ecosystem is a ground-breaking payment gateway alternative that will not just provide convenience to the market but will also educate the people on financial literacy and satisfy entertainment needs while rewarding its users. An all-in-one web-based and mobile application using blockchain technology and are integrated to use cryptocurrencies and fiat currencies.

With SparkPoint Ecosystem, people can now settle utility and credit card bills, pay tuition fees, insurance premiums, and online purchases, remit both fiat and digital currencies and pay for government-mandated taxes, licenses, and transactions in an incorruptible, transparent and fast manner.

SparkPoint Ecosystem as an all-in-one platform will have four divisions namely, SparkEarn, SparkLearn, SparkPlace, and SparkPlay.

SparkEarn will provide an alternative payment gateway with real-time to almost real-time payment and exchange transaction posting with no to minimal transaction fee{s). This will be made possible by its native token, SRK, which will stimulate internal and external transactions. As an innovative financial platform, SparkPoint Ecosystem would reach the financially excluded majority population of the world, particularly in Southeast Asia.

SparkLearn is an integrated library of articles, learning materials, and modules to promote financial literacy and stimulate financial inclusion to the mass population. Aside from formal financial education, this also aims to encourage the use and spread of the benefits of cryptocurrencies and blockchain technology.

SparkPlace is an in-application marketplace where user-members can sell and purchase products and services without using other intermediaries to list products and accept payments. This will be the most inclusive marketplace accepting a wide range of cryptocurrencies converted to SparkPoint Token or by using fiat currencies. Different from the existing marketplaces, real rewards will be given to loyal customers and merchants, a reward that has real value and can be converted to fiat currencies.

SparkPlay, a division that will let the users earn rewards by just playing blockchain integrated games. A truly unconventional way of playing where users will be rewarded with tokens that have a real-world value which they can later convert to other cryptocurrency or fiat currencies and use in other platforms.

White Paper Link: Sparkpoint SRK White Paper

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