Internet City, Dubai–(Newsfile Corp. – December 2, 2022) – LBank Exchange, a global digital asset trading platform, has listed CRYPTOLLS COIN (TOLLS) on December 1, 2022. For all users of LBank Exchange, the TOLLS/USDT trading pair is now officially available for trading.
TOLLS Listing Banner
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As a blockchain-based payment settlement project of commercial transaction, TOLLS creates a system that allows individuals without operators to easily make payments. Its native token CRYPTOLLS COIN (TOLLS) has been listed on LBank Exchange at 9:00 UTC on December 1, 2022, to further expand its global reach and help it achieve its vision.
Payment settlement made at affiliated stores through the credit card payment network established by credit card companies for decades are adhering to the method of depositing through the affiliated bank account. The reason is because the centralized method was a structure that could not be operated except for banks in the payment business field.
It is current situation that the affiliated stores simply follow the method they have been using for decades, but cannot try to change it even if they are dissatisfied with the problem of the payment settlement method. The current payment settlement method of affiliated stores has various problems, and the background of the birth of TOLLS TOKEN is to introduce blockchain technology to settlement of affiliated store’s payments to solve such problems.
The electronic wallet of TOLLS TOKEN introduces a technology that settles the credit card payment amount of affiliated stores in real time with tokens through the electronic wallet. Because merchants receive payments through electronic wallets in real time whenever card payments are made, they can check real-time integrity for omissions. At this time, the settlement amount to be settled at the affiliated store is not paid to the centralized bank balance, but to TOLLS TOKEN, a decentralized blockchain.
Furthermore, TOLLS TOKEN, which is settled through electronic wallet at affiliated stores, can be cashed directly through ATM or withdrawal to their own bank account in real time. In addition, the TOLLS TOKEN in the electronic wallet can be transferred to the electronic wallet of another affiliated store, and the transferred TOLLS TOKEN is finally and automatically reported to the National Tax Service with the business number or resident number of the person who generates real income that is converted into cash through an ATM or bank account, and allows them to be taxed according to the principle of actual taxation.
Aiming to go a step further to address existing problems of the current affiliated-store’s payment settlement method, TOLLS will create a system that allows individuals without operators to easily make payments, distributes TOLLS with fees incurred by paying, and later allows…