Immediate Payment: This is another unique feature that is associated with BIDIUM platform that it enables the transfer of money with the aid of smart contracts that are regulated. There are certain procedures that will aid you to keep the address of the receiver in mind. The BIDIUM ensures the transfer without any problem. This makes the transfer of money a seamless exercise.
This immediate payment is also done through peer to peer payment. Users can pay transactions directly through their wallet with out the need for middleman. More easy and fast, no waiting time needed. And because it is built in blockchain technology, transactions are monitored, it will be monitored in the blocks.
Indeed it is, this was also one of the reasons as to why I was drawn into this project. The thought of not going through that much hassle to pay for services and getting an escrow or middlemen without risking safety of the funds is so satisfying. I really believe that a lot of people does feel the same about this feature of the project. That is most probably why investors will be rushing into this project.
Fast and secure payment is one of the biggest problems in many online industries that blockchain and cryptocurrency can solve. Especially in the case of online bidding and freelancing. In bidding, a buyer may default and result in loss for the seller. On the other hand, in freelance, a gig might have been finished and an employer refuses to pay for the service done and result in loss for the freelancer.
The creation of smart contracts because of blockchain really helps when it comes to payments and smart contracts really come hand-in-hand with projects related to cryptocurrencies and blockchain.