Tip: The payment system is as comfortable as a social network

We continue the review about Tip and today we will tell exactly what was promised in the second part of the review. If you are not already familiar with it - immediately read!

The calculation between the participants will be more convenient

Noteworthy is the fact that payment systems, where the basis of user identification is not the number of the bank account already exist. For example, in some banking applications that have been released in the past few years, you can easily create an address book of card numbers, sign them as you please and do not enter the card number every time you translate. 

But even this is not the height of comfort. Some banks allowed you to associate your mobile number with a card so tightly that when using an application for banking, you can easily transfer money to people who are recorded in the phone book, if they also use such an application.

This all can be called a big step forward, which, most likely, inspired the Tip team to create a more convenient system for crypto-currency settlements. Based on the contents of the Tip documentation and media products, it is possible to say which two species of participants will be represented in the ecosystem:

  • Individual users. They will make up the bulk of the platform customers and their main goal will be micropayments with each other. For example, in this way parents will send pocket money to their children and vice versa, it will be possible to pay for the purchase of a used bicycle with hands and so on. All this you do with your banking application right now.
  • Commercial persons. Although they will not be so many, but thanks to the placement of various companies, Tip will become a popular system. After all, it is through business that a particular object becomes a trend.

By the way, if earlier the business was indifferent to the crypto currency, then thanks to the comfort, they can look at it in a new way. Before the launch of Tip, payment of a certain product or service was anonymous - only the purse number was visible. As a result, it would take a very long time to confirm the payment upon receipt. Now that you can use applications with convenient nicknames and photos, the seller will be confident in the person who receives the goods. 

Imagine that you have in your hands a system in which you can not only send crypto currency to your friends, but also use it for various payments, like ordering food and other goods, as well as paying for utilities and other services. This tool will be indispensable if all this you are going to do with the help of crypto currency.

Communication is the basis of progress

Moreover, the development team provided for even closer interaction. If the applications for banking provide only the transfer of funds by tying the card to the phone number, then Tip offers a full messenger with the possibility of transferring funds. This is the same if Telegram would be able to forward tokens and order services on the Internet. Agree, this is a very nice bonus to the already familiar functionality. 

Moreover, everyone knows how each new browser advertises its opportunities for anonymous communication. That's only in the end, and intelligence agencies and intruders get access to correspondence each in its own way.

The messenger from Tip offers users a real peer-to-peer system in which third parties can not participate. Also, the safety of each conversation is ensured by the blockade in the same way as the transaction of the crypto currency.

What is even more remarkable is that all these features will be framed in a convenient mobile application that you can use for three purposes at once, looking at the above:

  • Crypto currency transactions between users
  • Payment for goods and services
  • Secure communication channel

All this makes us think that TipApp will be something more than just an application for payment. Rather, it is waiting for the course of development, as the first social network with extensive opportunities for the use of crypto currency.

This concludes our review of the Tip platform and its capabilities. We hope that they will really succeed in creating a system for convenient crypto-currency payments and in a few years payment in stores using crypto-currency will not be something extravagant. After all, "digital gold" was supposed to replace conventional currencies many years ago: we hope that Tip can accelerate this process.

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