Transparency in Accounting
Since Pecu Novus uses blockchain technology, all transactions are highly transparent and public. The network produces a true accounting of all activity within the network. This avoids the question as to whether a payment was made or if funds were wired/deposited for a transaction, its clear and concise.
One of the biggest issues that plague businesses that accept credit cards, paypal or other forms of online payments is fraud due to bogus transactions and transactions being reversed. Transactions utilizing Pecu Novus coins are irreversible and highly secure, so the proposition of fraudulent transactions are virtually eliminated.
Swift International Transactions
Whether its across the continent or across the globe, sending Pecu Novus coins is simple, fast and secure. Gone are the days of high fee based international money transfers, banks having you wait for three to four business days to clear a transaction and no set limits that can be sent. Whether you send one PECU or 1,000, there is no coin based fee in sending them via a designated digital wallet globally. Fee’s may be incurred when converting Pecu Novus coins into fiat currency via an exchange that may offer that service.
Dual & Triple Transactional Confirmation
Pecu Novus uses a dual transactional confirmation process, basically both parties must digitally sign off for a transaction before its completed. If one party does not confirm the transaction then it does not occur and is cancelled within 24 hours, when it is dually confirmed then the transaction is irreversible and all information related to the transaction becomes permanent within the blockchain. For businesses that require it, a triple confirmation via a “Transactional Witness” can be requested for a fee.
Where are the Fees?
Transferring Pecu Novus coins on a Peer to Peer basis for transactions doesn’t carry a fee. Although the escrow system is free of coin based fees for basic transactions, more complex or larger transactions may carry a nominal fee to carry out such as triple confirmations. Digital wallets other than the Pecu Novus digital wallet and Coin Exchanges may charge a fee to exchange PECU for other digital assets or fiat currency.
Whether its import, export or just a commercial transaction that requires time to receive the goods, PECU can be a very important part of those transactions. From the buyer/receiver adding transactional restrictions to the coins in escrow to the seller/sender holding those coins in their account in escrow awaiting dual or even triple confirmation, all transactions are highly secure. Both parties simply agree to the terms and add them within the transaction (which becomes a permanent part of the blockchain) and both parties must agree on the terms in a permanent fashion there are no disputes as to those agreed upon terms.