Working as a globally-acclaimed blockchain firm known for creating viable fintech products and services, Apollo Fintech has announced the launch of the Knox World Pay (WP) solution to promote crypto mass adoption. The WP will work as a global payment system to facilitate crypto transactions via basic mobile SMS communication networks. The firm will come up with the beta launch of WP by Q3 end after clearing the developer testing.
The advancement of technology and digitalization has changed the financial sector significantly. Today, we rely on our smartphones for all the banking operations, which required bank visits earlier. Cryptocurrencies have become quite popular in recent times, and people have started exploring it as a strong payment settlement medium. The wide accessibility to rural and underdeveloped regions is the main benefit of using mobile payments. They play an important role in bridging the gap between the banks and the unbanked society.
Apollo Fintech aims to design solutions that promote accessibility and usability for all. The new payment service will use a simple SMS-capable mobile phone for sending and receiving of crypto assets. The firm aspires that this feasible service will make cryptocurrencies more prevalent and easily accessible for masses, especially those belonging to the rural areas.
Salient Features of The Payment Service
- The users do not require a smartphone, computer, or internet to make payments, receive, or withdraw cryptocurrencies. They can trade in crypto using the basic SMS text messaging services securely.
- Customers can transact with the firm’s registered agents to deposit funds.
- The service is so fast that the investor can send cryptocurrency to anybody via the SMS system within a second or two.
- The users need not worry about their assets’ security as all the transactions are executed and secured through the Apollo blockchain.
The WP service is a perfect culmination of an age-old concept with the latest innovative tools. The service helps people to transact in crypto with high-end security, transparency, and ease. This method expands the spectrum of cryptocurrencies to areas where there are no banks or ATMs for money dealing.
Apollo is a renowned name in the fintech market and has offices in Africa and North America. The firm plans to promote its business in Latin America, Europe, and Asia in the future. It is fast evolving as a leading Government blockchain system and an ardent supporter of crypto adoption.