A great deal has been said about how the information revolution changed society. Starting in the 80s and leading up to the present day, the internet, digital tech and mobile tech have all drastically changed the way we eat, live and play. While these facts are impressive, something remains to be said about digital transactions. While they are decent, especially compared with even 10 years ago, they still have a long way to go.
Blockchain technology holds the promise of changing the world in a much different way. Serge Belamant, one of the progenitors of blockchain tech, is working with a company called Net1 to forever change the blockchain and debit card worlds. Net1 has technology that uses the blockchain to process transactions. Their proprietary technology gives this company a massive free cash flow in the fintech space.
The stock of Net1 is currently undervalued, and if it remains this way the companies own free cash generation will give it the ability to purchase all of their own public shares sometime before the year 2023. This means the stock has a great deal of upside potential and will potentially make the right investor millions of dollars. Serge Belamant and Net1 are going to change the payment processing game forever.
What makes this technology so radically different than others is the ability to process secure blockchain transactions on the go. Serge Belamant envisioned a payment processing system that works with minimal overhead costs. This means no costly computer servers or point of sale machines. Net1’s technology can run on a small, battery powered unit that does not need to be connected to the internet.
This tech uses EMV or European/Mastercard Visa systems and can be accepted just the same as debit or credit. Instead of using a central system to verify transactions, the card uses blockchain distributed ledger technology to process transactions instantaneously and without an internet connection. This means that this Serge Belamant technology can be used in many, many more places than traditional credit card readers. Rural areas, areas without internet, and many other places are ripe for this revolution.
To know more click: here.