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KITTOKEN: THE NEW ERA OF ONLINE BANKING

Considering the current trends of online frauding and hacking, calls have been made across the globe to bring an everlasting solution especially now in our generation has gone beyond analogy to digital.       
We have however witnessed a situation whereby receiving and transferring of money is made complex resulting either from a poor network or poor online banking system. Receiving money from our loved ones from other countries has also been a problem these past years due to excess processes. western union banking has been the only medium to receive money abroad.
This is why with the help of blockchain technology a system known as kitToken has come up with an innovation that will not only change the history of online banking but also give room for an online transaction where people can easily buy any item of their choice using the kit pay.                                                                                 
As the online payment processing market grows, users demand for more friendly and additional payment features, with the help of kitpay, online payment would be easier and more secure.
Image result for kittoken ico

Overview   

0nline payment has been made easier with the use of kitToken.Kit Token does not only allow its users to pay online, it creates a platform where people can save money using the kitToken wallet. Unlike the usual bank account, kitToken wallet makes saving easier and faster. KitToken also makes it easier and flexible for an online transaction without any serious charge applied. Transferring money to a different bank comes with heavy charges but with the help of the kit token technology, transferring to a different bank would be easier and extremely affordable.

Aims and objectives

The major objectives of kitToken are to create a community whereby online payment would be made easier.
Security;  KitToken builds and maintains a secured network system whereby individuals can  personally access information
Charges;   KitToken gives user’s the opportunity to transfer and buy items online without excess charge
Easy access;   KitToken gives users an opportunity to own a wallet which can easily store and purchase items online.

Challenges

Online banking is faced with tremendous challenges that in one way affected the online banking systems. Over the past years, online banking users have been on the rise and these come with a great challenge and need for a better online banking system.
Chargebacks;  These have whoever been one of the major error in the online banking system. Chargebacks, in addition to being costly, can damage investments and an excessive number of charges can lead to the closing of accounts and automatically closing the business.
Fraud; Insecurity has lead to so many occasions of fraud and online hacking. Fraudulent misuse of payment networks grow right alongside. People has been rendered bankrupt, companies have been shut down and business shattered resulting in online payment insecurity.
Cross bother transactions;  Cross bothers payment can be slow and expensive and people at times find it difficult to afford. Western union has been the only means of cross bother payment.

Possible solution

Those days of online frauding and insecurity are gone with the help of kitToken blockchain technology . They aim in making online payment easier and affordable for everyone. With the help of kitToken users would be able to bypass cross bother massive charges.

General view

With the aid of kitToken Online banking and transactions would be easier and more faster. These would also promote relationships between countries and encourage online business where everyone would trade online without having fears and doubt.
 We are in the era where everything has gone digital[21st century], we have come a long way and with the help of kitToken, the online banking system would be safe, smooth and effective again.
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Username: tochidavid
Profile link: https://bitcointalk.org/index.php?action=profile;u=2355893

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