Re: [ANN] ColossusXT (COLX) Private | Instant | Sustainable | Mandatory Update v1.1
How To Accept COLX As A Merchant
https://medium.com/@colossusxt/how-to-accept-colx-as-a-merchant-676cc6a21f75
While the COLX Team continues to make improvements to its blockchain technologies, with the culmination of work resulting in the release of a distributed computing project called Colossus Grid, the focus has always been on user privacy and widespread currency adoption.
COLX currently provides users anonymity in transactions through the Zerocoin protocol and is moving full steam ahead to further enhance users privacy with the soon to be release additional protocol name ARMIS.
ARMIS is a free, decentralized, anonymity technology based on I2Ps open specifications. Our technology uses both encryption and sophisticated routing techniques to create a private overlay network across the internet which strengthens a users privacy. This protected network allows users to hide their geographical location by obfuscating their ip address, replacing them with encrypted identities.
As user adoption is the key to establishing real usage of ColossusXT and although the work is being done to integrate COLX into Crypto Point of Sale Devices, we believe that the time is right for merchants to start accepting COLX as a payment method using the Android wallet for now. Whether you own a cafe, local retail store, charity shop or any other business, you now have the exciting chance to become one of the first real adopters of COLX and hence an ambassador for the rest of the privacy loving community.
https://medium.com/@colossusxt/how-to-accept-colx-as-a-merchant-676cc6a21f75
While the COLX Team continues to make improvements to its blockchain technologies, with the culmination of work resulting in the release of a distributed computing project called Colossus Grid, the focus has always been on user privacy and widespread currency adoption.
COLX currently provides users anonymity in transactions through the Zerocoin protocol and is moving full steam ahead to further enhance users privacy with the soon to be release additional protocol name ARMIS.
ARMIS is a free, decentralized, anonymity technology based on I2Ps open specifications. Our technology uses both encryption and sophisticated routing techniques to create a private overlay network across the internet which strengthens a users privacy. This protected network allows users to hide their geographical location by obfuscating their ip address, replacing them with encrypted identities.
As user adoption is the key to establishing real usage of ColossusXT and although the work is being done to integrate COLX into Crypto Point of Sale Devices, we believe that the time is right for merchants to start accepting COLX as a payment method using the Android wallet for now. Whether you own a cafe, local retail store, charity shop or any other business, you now have the exciting chance to become one of the first real adopters of COLX and hence an ambassador for the rest of the privacy loving community.