Kalycoin was created to enable fast and secure cross-border money transfers.

May 19, 2022

Blockchain technology and crypto-currencies are one of the major emerging technology trends of our century. By enabling untrusted, immutable and decentralized transactions, blockchain technology is laying the foundation for a series of next-generation applications that will enable stronger and more inclusive societies. KALYSSI’s mission is to accelerate the transition to crypto-currencies. Indeed the KALYSSI team has a clear vision, to make crypto-currencies available in secure wallets, while focusing on their real use. It took a little more than three years for KALYSSI to launch the key product of its consumer offer: payment cards accepted worldwide, with its partner Visa, the KALYPAY Visa cards.

Subsequently, KALYSSI has made available to customers ATMs for the purchase/sale of crypto currencies, the incorporation of traditional payment methods into the KALYPAY ecosystem, the purchase of goods and services… This approach of KALYSSI, starts from the observation that traditional payment networks do not natively accept crypto-currencies today, It is a slow and expensive process. Market process, strongly limiting the number of people we can introduce in the cryptographic ecosystem. The KALYPAY system was created to solve this problem.

Blockchain technology and crypto-currencies are one of the major emerging technology trends of our century. By enabling untrusted, immutable and decentralized transactions, blockchain technology is laying the foundation for a series of next-generation applications that will enable stronger and more inclusive societies. Kalycoin was created to enable fast and secure cross-border money transfers. KLC is the token that powers the Kalypay payment platform’s rewards programme. It will also be used as a means of payment at partner merchants.

THE PROBLEM ITS FACE

Traditional fiat currency payment systems rely on an old infrastructure that makes it difficult to adopt new and innovative forms of payment like crypto-currencies. As a reminder, traditional cash-based payment systems have

essential characteristics:

Highly centralized, Controlled by strict rules, resulting in a lack of flexibility Costly for participants (especially consumers), and limited flexibility (e.g., difficulty in easily integrating new innovations/currencies). In several countries, more modern digital money payment solutions have already emerged and almost replaced the traditional cashless payment system (e.g. Mobile money in Africa and Alipay/WeChatPay in Asia…). Unfortunately, the current blockchain technology is not sufficiently exploited to offer a good, efficient and personalized alternative to traditional money networks.

KALYCOIN TRANSACTION SCHEME

MISSION AND VISION OF KALYCOIN

Mission: Accelerate the transition to crypto-currencies

Vision: The reference for regulations and transfers combining the most modern methods and technologies in any location. We strongly believe that decentralization is an important part of building a better society for all and, accelerating the world’s transition to crypto-currencies. By building, on the one hand, a network of crypto-currency projects and, on the other hand, by focusing on developing the ability of merchants to accept crypto-currencies as payment (see diagram below).

We want the KalyCoin network to be a high-performance blockchain solution, which will make the transaction flows between crypto-currency users and merchants accepting crypto-currencies transparent, profitable and secure.

TOKENOMIC

Marketing strategy

The main differentiating factor of the KALYSSI network is its clear strategy of on the market, which should lead to rapid adoption. Six important points are at the basis of its strategy:

1. Broad and attractive offers for customers to financially encourage the use of crypto-currencies.

2. Focusing on solutions that allow customers to spend via multiple channels and online merchants to accept crypto-currencies.

3. KALYPAY’s API’s linked to existing gateways (payment methods) will encourage merchants to deploy them and can also offer substantial discounts to their customers. Customers will pay using the KALYPAY application. Payment will be instantaneous.

4. The non-existence of inter-client transaction fees to encourage massive use of the system.

5. Decentralization of the protocol in transaction processing.

6. The network of distributors and franchises adapted to each type of market: aware that despite the potential offered by blockchain and crypto-currencies there is a large gap, for the massive adoption of this new technology. Building a global payment network is a multi-year effort. The deployment of the KALYSSI network will therefore be done in stages, which will significantly increase the speed of adoption.

CONCLUSION

With the available deltails white paper, roadmap, mission and vision of kalycoin cryptocurrency I have no doubt that this project has a bright future. It has come to stay we should all embrace this wonderful project and help make it a better one.

ROADMAP