Read this article to understand what Cryptocurrencies are and what changes this technology has brought to the world of digital payments. Find out how it impacts the international payment system and what changes we can expect in the future. A decade ago, it was inconceivable that a few colleges and mentors would teach us the nuts and bolts of cryptocurrency – the industry is nascent. However, today, there are plenty of options for those who want to learn more about programming, the basics (and details) of blockchain technology, cryptocurrencies, and digital security.

The development of Internet technology and the increasing demand for crypto education payments have led some universities to introduce specific new payments, among which are tuition payments, including other academic payments such as books and accommodation. Several teachers and enthusiasts are following in their footsteps. Let's discover the crypto education options available.

About the project

Edgecoin provides an open payment system for an educational institution where individuals can make education-related transactions such as enrollment fee, accommodation, books, etc. via a decentralized application.

Edgecoin Payment system has been built to bring complete transparency, security, and process efficiency to the education payment system. Edgecoin is a completely decentralized system based on a stellar blockchain.

And blockchain technology has great potential and is suited to the Digital Payment System as it enables peer-to-peer service for the users involved in the transactions while offering transparency of the transactions and security of the data.

What is Edgecoin?

Edgecoin is the world’s first Educational Stable Coin that provides an open payment system for an educational institution where individuals can make education-related transactions such as enrollment fees, accommodation, books and all educational spending via a decentralized application to be settled at the same speed as the Internet while making full use of the education infrastructure, regulation and stability of traditional finance process systems.

You automatically receive Gradecoin whilst holding Edgecoin, a fluctuating coin on the DeFi market. Because of the massive demand & interest in this project, we are expecting a 10x in the short term and the possibility of a 100x over a longer time frame.

What was the inspiration behind the launch of Edgecoin?

There was a need for a payment system in the educational sector that everyone affiliated with the system cannot only utilize for payments but equally trust in making these payments. Edgecoin was equally introduced to not only benefit the educational institutions but also to reward the average hardworking student in the area of reducing his cost and also providing ways through which these students can earn. This is made possible through the “Earn while you learn” feature that comes as a result of the automatic mining of Gradecoin, a fluctuating token.

Will the Edgecoin Stablecoin have the same exchange value as fiat currencies when used to process education-based transactions?

Yes. Most Stablecoins are linked to the value of their corresponding fiat currency. In this case, the Edgecoin Stablecoin is linked to the safest currency which is the U.S. dollar at a ratio of 1:1. So, 1 Edgecoin = 1 dollar.

Edgecoin boasts of running on a stellar blockchain. How does this affect or improve decentralized payments using the platform?

The engine that power decentralized finance is the blockchain. The nature of a particular blockchain, including its speed and security, will determine how efficient decentralized applications (DApps) will work on that blockchain. The stellar blockchain is a decentralized, open-source network that was specifically created for currencies and payments. The blockchain offers fast, cross-border transactions between any pair of currencies. The network tries to unify all the world’s financial systems through a single network. By being built with an underlying stellar blockchain, Edgecoin and other associated DApps users would enjoy the super-fast and completely secure financial payment system from the comfort of their phone. The stellar blockchain will equally allow the educational institutions to receive real-time financial transactions without the need for a middleman and the subsequent elimination of fees otherwise charged by a middle man.

How does Edgecoin facilitate the adoption of DeFi?

Edgecoin facilitates the use of DeFi through the stellar blockchain network. Defi offers the opportunity to give equitable access to many financial services and has many benefits including “Yield Farming” which allows investors to borrow and lend their cryptocurrencies at much higher rates than the antiquated traditional banking system. Moreso, the system’s long term vision is to facilitate the provision of a secure and transparent peer-to-peer payment system for the educational institution. By introducing a reliable blockchain solution into education, more people are bound to appreciate the decentralized finance brought to the table, and the openness of this infrastructure would serve to improve their appeal towards other aspects of decentralized finance.

On the Edgecoin website, you listed a benefit of mining Gradecoin with each purchase of the Edgecoin Stablecoin. Can you tell us more about it?

Gradecoin (GRTC) is a fluctuating token that is automatically mined when you hold Edgecoin. This will allow students and educational institutions to “Earn while you learn”. As per the release value of the GRTC, each one of them is equivalent to 0.05 USD and there is a total supply of 1 billion which would be gradually unlocked during five years, starting from July 2021. Each purchase of the Edgecoin token guarantees a corresponding release of Gradecoin which can be used to prioritize transactions, settle block transactions fees, earn staking benefits and as payments for nodes validating and processing block transactions.

This feature is unique to Edgecoin as no other cryptocurrency offers this facility.

Why is Edgecoin a better alternative to centralized educational payments? Why should we switch to Edgecoin?

The current payment system employed by educational institutions usually involves a middle man or intermediary such as banks which charge additional rates for processing educational transactions. Since Edgecoin eliminates the need for an intermediary, the additional cost is therefore eliminated, greatly reducing the cost for the average student.

Centralized payments equally have concerns over the security of the payment data. These concerns are, however, eliminated with the use of Edgecoin’s blockchain solution. Transactions done on the blockchain are transparent and cannot be compromised and they are equally kept secure through smart contracts built directly into the platform.

Meanwhile, using Edgecoin guarantees that transactions are settled at the same speed as the internet, even faster, since the platform wouldn’t run into certain network frictions which is usually common among centralized institutions. Moreso, there is also the opportunity to earn with each payment made, a feature peculiar to Edgecoin. This platform is the future for smart educational payment-related fees.

Edgecoin Price & Market Stats :

Token

Name token: edgecoin
Ticker: Edgt.
Token type: stable coin
EDGT value: 1 USD
Max supply: 10,000,000,000
Most of Stablecoinin is associated with the value they look at Fiat's cash. For the current situation, Edgecoin Stablecoin is associated with the safest money which is the US dollar at level 1: 1. Medium, 1 edgecoin = 1 dollar.

Useful links:

Website : https://www.edgecoinpay.com/
Facebook : https://www.facebook.com/edgecoinpay
Twitter : https://twitter.com/edgecoinpay
Telegram : https://t.me/Edgecoin_chat
YouTube : https://www.youtube.com/channel/UC5ekVAo2GXdMPcM03Y6r78g
Instagram : https://www.instagram.com/edgecoinpay/
Linkedin : https://www.linkedin.com/company/edgecoinpay

AUTHOR

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Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=2603899
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