The KOGOPAY is a socially conscientious and forward-thinking fintech startup that offers a next-generation financial platform powered by KOGO currency. The KOGO currency ecosystem is comprised of three distinct yet interdependent sectors.
The first planet is called Kogo PAY, which encompasses the digital mobile wallet and the seamless combination of fiat currency and cryptocurrency found inside the platform. The KOGO Metaverse is the second planet in the KOGO Solar System. It is a virtual world where you can utilize your KOGO in other virtual worlds.
The last planet is the Philanthropic Foundation, a decentralized autonomous organization (DAO) that lets KOGO token holders vote on various charitable activities. Participate in efforts to make society more equitable. In this article, I will discuss KOGOPAY.
For the KOGO coin to function, the Binance Smart Chain will serve as the center of a multiverse consisting of three distinct but related worlds. KogeCoin is a deflationary community currency distributed to all early QuickSwap users on Polygon via an airdrop. Users had around four weeks to collect their tokens.
You will be able to examine the specifics of your journey, including the route you took, the time of day, the temperature, and any pauses you made. Even after your trip has concluded, you can still add photos and videos from it. Kogo will utilize the timestamps on those files to place them chronologically in your narrative.
Volunteerism and the distribution of hand-knitted goods that provide warmth and comfort to the most vulnerable and underprivileged members of our society are two of KOGO’s primary strategies for fostering social inclusion.
Making Payments Convenient And Cheerful For Everyone
KogoPAY offers mobile wallets and virtual IBAN accounts emphasizing social responsibility. KogoPAY aims to promote inclusion, banker support, and community development. KogoPAY is complete with time-saving features. QR codes may transfer money, settle debts, and take payments.
Kogopay is also creating a “Pay it Forward” system that would enable users to buy coffee or other little gifts for needy people. Kogopay is continually updating its app and website to fulfill consumer expectations. KogoPAY wallets may be customized.
Don’t store all your money in one account. KogoPAY makes money transfers easier. The KogoPAY app delivers real-time payment status updates. Have KogoPAY QR codes accessible at your next bazaar, fair, or another money-exchanging event.
Market of KOGOPAY
KogoPAY is positioned to capitalize on the rising popularity of quick response (QR) codes to facilitate easier money transfers and encourage the broader use of digital currencies. The global cryptocurrency market is projected to grow from US$858.1 million in 2021 to US$1125.8 mn by 2028 at a compound annual growth rate (CAGR) of 3.5 percent.
Most shops in China prefer that clients pay using QR codes instead of cash. Covid-19 has been banned in the UK, EU, and GCC, leading to a rise in the usage of QR codes as an alternative for restaurant menus and orders.
In 2015, 1.7 billion people lacked a bank account, according to the World Bank. “Unbanked” people have weak credit or are migratory laborers. The inability to obtain a bank account increases debt and dangerous financial activity.
These folks require secure money transfers since they often support relatives back home. KogoPAY is more than a money-making venture. Everyone should benefit from their success.
As for the last planet, it would be KOGO Charitable. This DAO’s centralized management ensures that funds may be pooled and distributed securely to those in need. This section is where KOGO coin holders may vote on various philanthropic activities.
KOGO advocates for charitable giving. Nobody can afford to think about themselves all the time. To give is to be blessed. Users of KOGO Charitable will be able to see exactly where their contributions are going.
Moreover, KOGO token holders will have a say in deciding which charitable cause to support. Their Metaverse will allow you to host online charity balls to help needy people.
They want to donate 5% of all Kogo tokens to charity. Located in the border region between Thailand and Myanmar, their initial goal is to construct a home for orphans in the province of Tak.
The Market Of Kogo Charitable
In addition, they want to donate a portion of the proceeds from future NFT sales to a nonprofit organization. Kogo is working toward a more equitable world where everyone can access the same resources.
Even though 2022 is still in the infancy of crypto philanthropy, there has been an uptick in the number of charitable foundations successfully soliciting funds from nonprofits and individual contributors. Since philanthropic organizations have just realized how strong the cryptocurrency market is to their work, the current pace of growth is very rapid.
The prevalence of both cryptocurrency and online giving is rising rapidly. The One Young World is the first charity to generate donations by selling NFTs; the 2020 startup “Giving Block” has grown from 100 customers to a family of over 1200 contributors. Many other organizations are also considering selling NFTs, with the proceeds going to charity.
Solutions for KOGOPAY’s Challenges
KogoPAY is a Fintech firm that provides cutting-edge mobile payment solutions for cross-border monetary and cryptographic asset exchanges in and out of Europe, Asia, the Gulf Cooperation Council, the Middle East, and North Africa. The following are made possible by the KogoPAY mobile platform.
- It provides a safe and convenient way to buy, sell, and store a subset of the cryptocurrency market.
- Instantaneous personal banking between the United Kingdom, Europe, Asia, and the Gulf Cooperation Council.
- QR-code-based local transfers and direct phone-to-phone calls.
- Services for businesses that are low-priced and accept multiple currencies.
Those who use KogoPAY can avoid the high banking fees and the inconvenience of having their funds held by banks for days, both of which are commonplace in today’s bank-dominated payment systems. KogoPAY’s transaction fees are settled in the platform’s native cryptocurrency, KOGO Coins, which are backed by the blockchain.
In sum, the KogoPAY provides a new payment system that departs from the standard payment infrastructure. Their ecosystem is developed to make the world a better, more equal place, especially for the unbanked.
With this platform, remitting money overseas has never been easier, thanks to competitive exchange rates and low costs. KogoPAY is an easy-to-use, quick, and safe method to send and receive money online. This is not a typical payment system, but a system meant to aid individuals on their journey.