Digital Payment Security With Tectum SoftNote

Your money should not just be a medium of transaction or doing business. It should also be a form of security and safeguard your future. With money moving from the use of paper to virtual, your funds should, therefore, ensure digital payment security.

by Tectum expert Tectum September 20, 2023

Challenges With the Current Digital Payment System

Meanwhile, it is essential to recognize that there are already existing digital payment methods in place. These defaults are significantly limiting how much people can actualize within the business space.

Below are some of the challenges limiting people using the current payment systems:

Limited Coverage: while this does sound strange, it is actually true. Many of these existing digital payment systems are limited. More often than not, they often focus on developed countries – where people are not in dire need of payment solutions. It makes one wonder if they are actually trying to solve a problem.

Cybersecurity Vulnerabilities: Could you imagine a world where your money is not safe? Well, that is the world we currently live in. Many digital payment systems manage and control transactions from a central server. As a result, any hacker who bypasses their security will be like a kid in the candy store. While their security architecture is often solid, there are no contingency plans to mitigate or limit attacks.

Transaction Cost: When you consider the cost of making transactions on the current virtual payment platforms, it is clear why they focused on developed countries. These companies charge cutthroat prices for completing transactions. Worse still, they charge both merchants and customers alike for transfers. it is nothing short of ridiculous.

Key Benefits of SoftNote

SoftNote, powered by the world’s fastest blockchain, offers numerous benefits:

1. Tectum’s Exclusive Digital Currency: SoftNote functions like physical money, enabling you to print them on paper, make payments without an internet connection, and send them without fees or limitations.

2. Unmatched Digital Payment Security: SoftNote is protected by personal passwords, ensuring that only you have access to your funds. Share them effortlessly with friends via messaging apps like WhatsApp.

3. Unique and Secure Currency: SoftNote is not an ordinary currency; it’s special due to its embedded password. To use SoftNote, you must enter the correct password, to prevent unauthorized usage.

Imagining Real-life Scenarios with SoftNote

Let’s explore a real-life scenario using your imagination: You’re shopping at a store and want to buy a toy. You have one SoftNote, but its value doesn’t match the toy’s price. What will you do?

Flexible Payments with SoftNote: For example, if your SoftNote is worth 10 SoftNote and the toy costs 15 SoftNote, you can use the password to show the seller your 10 SoftNote. To pay the remaining 5 SoftNote, you can use another SoftNote with the appropriate value.

Shopping Made Easy with SoftNote: Imagine shopping at a mall with SoftNote, paying for the items you want using SoftNote of the corresponding value. Share SoftNote with friends and family quickly, thanks to their transferability. And with the password or code for each SoftNote, your money stays secure, preventing unauthorized use.

Embrace the Future of Digital Payment Security with SoftNote: With digital payment security and SoftNote, the future of finance is in your hands!

*Guest Post by Mehmet Akin