Crypto to Product - No Fiat, No Fees

There’s a reason why none of the seemingly insurmountable roadblocks have stopped blockchain's advancement. Even in the face of public scrutiny, an initially poor reputation and severe volatility, cryptocurrency, the most popular use case for blockchain tech, remains a prized emerging phenomenon. This is partially a result of the unparalleled security that blockchain technology brings to transactions.

Distributed ledger technology provides a complete public record of all transactions, something that prevents lost funds and fraudulent transfers. Fiat currency does not provide this assurance, often at considerable cost to users. Even when used digitally, there is no public reference available to determine where money went – allowing many vectors for theft.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/crypto-to-product-no-fiat-no-fees/

Excellent article Vlad, well worth a read, you make some interesting observations especially regarding the Wavecrest issues

Correct, Zeex will have around 350 brands, to begin with

Yes you are correct 

A few are listed on the website https://www.zeex.me/ if you check out the sister site it will give you some idea https://www.zeek.me/

Hey guys, I am working in a big online store and I have some questions related to your platform. Based on my experience with online stores I know that the fees from credit cards are around 3%. The main taxes are coming from the actual platforms. (correct me if I am wrong). Fast search in google shows me that Amazon takes 14% commissions (including bank taxes). So my point of view is platforms like Amazon are the actual problem, not the credit cards. (3% compared with 11%).
How are you going to handle this?

The Zeex protocol will allow you to convert crypto directly to products and services with no fiat and no fees by exchanging cryptocurrency for virtual gift cards, or what we call corporate currencies.  The ZIX token will be part of the Bancor liquidity network. 

Please see Medium Article, "The Transactional Friction Problem"
https://medium.com/the-zeex-protocol/the-transactional-friction-problem-3a3bad7272e2

It's done within the smart contract.  Smart contracts only have two possible outcomes: everything went OK, or something went wrong.  If everything went OK, no need for further verification.  If something went wrong, everything goes back to square one and no transaction is sent.  Either way there's no need to mine.   

Great question! The ZIX token serves several important purposes, without which our protocol could not function:  
 - ZIX acts as a login to the system, allowing users to buy and sell corporate currencies (gift cards).  
 - ZIX can of course be used as a payment, but it can also be used to reserve various amounts of high demand corporate currencies, so you can be sure that you get some of it. For example, if there's an awesome discount like 20% off Amazon gift cards, you might wanna reserve that! The more ZIX you own, the more priority you get for these high demand offers.
 - ZIX also acts as a deposit within the smart contract to prevent fraud or double spending.

Check out our medium article for more info: https://medium.com/the-zeex-protocol/why-does-zeex-need-zix-8ad243aaae60