Tectum proudly announces the onboarding of ECOS Mining as the new SoftNote Merchant. This is a significant milestone, as this is the first crypto mining company to become a partner and accept SoftNote Bills for payment. It expands the application of our pioneer product and paves the way for mass adoption.
This article will flesh out all there is to know about this new merchant. Furthermore, it will explore the possibilities of SoftNote supporting Bitcoin mining settlements.
Recall that Tectum partnered with Neobridge Payment Solutions that enables global payments.
As mentioned earlier, ECOS is a mining company that builds its own infrastructure and supports multiple blockchain. Based in Armenia, this new SoftNote merchant offers cloud mining services and also sell the required equipments. Since launching six years ago, this firm has onboarded more than half a million users across 80 different crosses.
ECOS has plans for everyone, from newbies who are just joining the crypto industry to experts who are more willing to take risks. Interested individuals can invest as little as $200 over a designated period. Furthermore, mining plans can guarantee as much as 10% profits over a 60 months time-frame.
This Bitcoin Mining company goes all out to ensure uninterrupted operations. This includes having guards patrol the site where the data center is located to ensure maximum security. Furthermore, there is a team of experienced engineers to ensure that equipments and machine are operating round the round.
This company also rents out mining machines and related equipment for anyone looking to launch their individual operations. Internally, this establishment has mined more than 6,000 Bitcoins. It also records 20,00 new users monthly and 5,000 website visitors daily.
While ECOS is a mining company, it has an extensive and encompassing ecosystem that comprises the following:
In a prior article, we highlighted how a wallet user paid almost 50% of the value of Bitcoin they sent in gas fees. Imagine sending $240,000 worth of BTC and the receiver barely gets $140,000 worth of coins. Worse still, the transaction will be slow and the recipient may not get the tokens immediately.
The issue of fees and transaction latency has been an eternal issue with using Bitcoin. Even Bitcoin miners have to deal with these challenges.
Some of you are probably wondering what business SoftNote has with Bitcoin mining. Well, the issue is not about mining the Bitcoin, but using the Bitcoin you mined. After all, the aim of validating transactions and getting rewards is to use the tokens you get as rewards.
“Big” mining corporations have to deal with this challenges more significantly, since they have to settle investors. Contrary to what people think, firms like ECOS raise funds for their operations from financiers. Therefore, they have to send significant amounts of BTC to thousands of people.
As mentioned earlier, the establishment has mined well over 6,000 units of Bitcoin, which mostly belong to investors. This brings us back to the example used earlier of paying 50% of the token value on fees. If faced with such challenges, the company will have to raise the cost of its services to cover for the cost of disbursing profits.
With a medium like SoftNote, ECOS and other mining corporations do not have to worry about paying for transfer fees through their teeth. They will only pay 0.5% to 1% on all transactions. The best part is that investors will receive their share of the mining rewards instantly.
There are several benefits business owners will enjoy now that they have become SoftNote Merchants. These incentives apply to every other business owner who partners or is looking to partner with Tectum.
Some benefits include those outlined below:
As shown above, there are several benefits of being a SoftNote merchant. Tectum is open to working with small, medium, and large-scale businesses to help them scale growth. If you want to accept and use this crypto cash for payment, visit the SoftNote Merchant website. Fill out the details on that form with the correct information about your business. The team will reach out to you if your application is successful or if there is a need to request further details.
