The Development of Crypto-currency Tools for Contactless Payment

Every day we use less and less money. Increasingly, when paying for goods or services, bank cards or mobile devices supporting the contactless payment function are in our hands. Agree that it is much more convenient. And if in the developed economies this has long been the norm, in the CIS countries it is only gaining popularity. And dials, I must say, very fast. For example, in Ukraine in early 2018, the number of bank cards increased to 59.9 million units, and the number of contactless cards among them was 2.7 million (in 2017 increased by 37.8%).

Also, after the fall of 2017 Google partnered with Mastercard launched a service for contactless payment, its number of users increased by 100% monthly. Thus, the trend of growth in the number of users of contactless payments is obvious. But in the field of crypto currency, it is worth noting another trend - a very weak development of any payment methods for crypto owners, not to mention non-contact ones. This problem is faced by all crypto-enthusiasts. But to some extent, the team of the Sidera project decided to solve it.

About the project

Sidera is a platform that allows you to use crypto-currency tools for contactless payment, while using a smart-clock. The project team notes the high rate of development of blocking technology and the increase in the popularity of crypto assets, so the emergence of such a platform as Sidera is considered inevitable. Its launch and implementation will play a large role in the popularization of crypto currency everywhere in the world, and will make its use easier. A feature of this platform is the SmartBit device. The device itself is not much different from the usual smart-watches, but, nevertheless, there are differences. The main thing is the security of private information (it's not a secret for anyone that very often data from smart-watches are often collected by different companies for their use in marketing), and the focus on supporting crypto-currencies. It is the use of critical resources and will be the main function of SmartBit.

The user of this device can send or receive BTC, ETH and ERC-20 tokens, as well as other coins. All these processes will be regulated by special software. It is planned that SmartBit will be available in three versions (BitBand - wristbands with touchscreen display, BitWatch Premium - smart clock with touchscreen display, BitWatch Visionary - smart clock with touch screen,What functions and features will SmartBit have? In fact, there are a lot of them: Secure Anti-Theft System (which in addition to standard security methods such as the passphrase, two-factor authentication, and a PIN code for confirmation of the operation, will have a biometric sensor and a face recognition system), Ghost mode (literally "Ghost Mode" is a development that the project team is very proud of.).

When used in a smart clock, all modes of operation are connected with crypto currency, and they simply perform the functions of a conventional smart clock. to go back into the mode of working with crypto-tools), Wrist-to-Wrist transactions(exchange of Crypto-currency from one device to another by connecting them via Bluetooth or Wi-Fi), POS Payment NFC (a function that will allow you to use SmartBit for contactless payment .In this case, the coins or tokens that you will pay for the goods / service will be converted to fiat funds ), Auto-detect (automatic detection of the transaction address).

Another interesting nuance is the decentralized exchange - Continuum launched by the team within the Sidera project. All SmartBit device owners can simply manage their processes with their crypts within this exchange on their wrists. When Sidera's own blocking system is launched (eQUOS tokens will be exchanged for coins eQUOS), SmartBit devices will perform the functions of a mini-node supporting the network.In addition to the main functions mentioned above, SmartBit will have simpler and more common features, which from that do not become less necessary. Namely:

• displaying news on the subject of interest to the user,
• a converter of crypto currency,
• the ability to diversify to your taste interface, QR code generator,
• weather, music, etc. It will also be possible to set signals for a change in the prices of the coins of interest, as well as monitor the situation on exchanges, open and close the position at the auctions.

Using tokens

Token eQUOS (created on the blockbuster Ethereum) will be implemented during all stages of the sail. When the team starts its own block, as already mentioned, the eQUOS tokens will be exchanged for coins of the same name. Developers promise us that eQUOS will be something between Bitcoin and Ethereum, a kind of smart coin. It will be used not only for payments, but will also be an instrument for influencing its own network and its economy.