Tectum is set to launch the SoftNote App, a product that enables seamless Bitcoin payments, in September. This all-encompassing application will incorporate SoftNote.Cash. For those who do not know about his product, it is a crypto cash system offering the best way to send and spend cryptocurrencies.
More so, Tectum will launch the beta version of this application in the coming weeks. Participants will test it, and provide recommendations that will serve as the framework for further development. To build more anticipation towards this product launch, the team is creating awareness by outlining possible features available in the testnet.
This article is the first in the campaign series and it will outline why Tectum SoftNote.Cash is the best way to send and spend cryptocurrencies. First, let’s understand why the team is making this claim.
Tectum saying that SoftNote.Cash is the best way to send and spend cryptocurrencies is a big statement. However, we have significant facts to back this claim and will outline them in this section.
The first reason why we consider SoftNote is the convenience of using it for Bitcoin payments. Without any doubt, this is the simplest crypto payment method. There are several ways to send and receive digital assets, all of which are seamless for the average person to use.
First, people can pay via a contactless method by scanning a barcode and inputting the secret passcode. In this regard, anyone who has used barcode technology can send or receive SofNote Bills with
Alternatively, the receiver can manually input the serial number on the barcode into their receiving SoftNote and enter the passcode. Finally, this crypto payment method includes the regular blockchain wallet address that uses public keys.
Despite its simplicity, Tectum SoftNote.Cash remains one of the most secure mediums for storing digital assets. Nobody besides the owner of the tokens in the wallet can access or use them. They must enter the correct serial number and passcode to use the Bill. Furthermore, this passcode changes after every successful transaction, ensuring that nobody uses one bill twice or tries any fraudulent action.
In addition, Tectum does not limit people from using SoftNote.Cash in any way. As a community-centric project, we focus more on serving people globally. We have partners and merchants from the farthest corners of Australia and Asia down to Africa that accept SoftNote Bills for payment.
There are no restrictions whatsoever on using SoftNote.Cash for payment. Our partners range from everyday supermarkets, clothing brands, and restaurants, to gift shops and service providers.
So far, we have outlined the features of SoftNote.Cash that makes it the best crypto payment gateway. While this is excellent, it does not show how well our product matches against the competition.
SoftNote.Cash is one of many products offering crypto payment services. Therefore, it is essential to see if it is better than others. Otherwise, people will not see reasons to leave the existing options and switch to SoftNote. Therefore, what are the advantages of using SoftNote for sending and spending Bitcoin and other cryptocurrencies?
Our most significant competition is the Bitcoin lighting network and it is only smart we see how we measure up to them. In terms of transfer fees, Lightning Network charges 0.0029% in transfer fees. On the other hand, Tectum SoftNote.Cash has a gas fee of 0.5-1%.
The catch is that transfer fees on Tectum SOftNote Bills will not exceed $1. This implies that your gas fee will be 0.5% of the amount you send or spend as long as it does not exceed $1, Once it exceeds $1, the network will abandon the o.5% fee and cap it at $1.
In comparison, the Lightning Network is good for sending smaller amounts. On the other hand, SoftNote.Cash is perfect for just about any volume of transaction. Especially as people will not pay more than $1 in fees, regardless of how much they send.
Furthermore, SoftNote.Cash guarantees complete ownership of digital assets at all times. Our product uses smart contracts and blockchain technology to process transactions. Unlike the Lightning Network, which utilizes decentralized autonomous organizations (DAOs) to process transactions.
Digital assets are added to the DAO pool, putting everyone at the decision-makers’ mercy. The organization can vote against withdrawals and nobody can access their funds Although there has never been such a case, you cannot rule out the possibility. The DAo can allocate users’ portfolios to another purpose and vote to stop withdrawals.
On the other hand, people can always burn their Tectum SoftNote Bill and retrieve the Bitcoin, Ethereum, USDT, etc. stored in it. Smart contracts power this process and people do not need any approval to use their tokens as they wish. Regarding speed, both options offer instant Bitcoin payments and zero network delays.
Looking at the illustrations above, it is clear that SoftNote.Cash edges the Lightning Network with user control and gas fees on voluminous transactions. Despite the data, many critics still doubt the potential and capacity of SoftNote Bills.
In this regard, Tectum is inviting everyone who believes these claims are untrue to join the waitlist for the Tectum SoftNote Wallet app. This is a perfect opportunity to test every feature of the most secure noncustodial blockchain wallet built on the fastest layer-1 blockchain.
The beta version of this application is set to go live in September. Meanwhile, individuals can create SoftNote Wallet account and use the web version to see if the claims are true. Like the saying goes, “a trial will convince you”
