Cosmose AI, a provider of AI-driven in-store analytics, has come together with the Near blockchain network to make a new cryptocurrency payment system known as Kai-Ching. With its implementation, consumers will be able to make purchases using digital assets with transaction costs lowered significantly. This strategic partnership is also accompanied by a substantial investment coming from the Near Foundation to Cosmose, boosting the company’s valuation to the $500 million mark.

According to the founder of Cosmose, Miron MIRONIUK, the KaiKai platform driven by the NEAR Protocol has the potential to reduce the cost of transactions by almost fifty times compared to leading payment technologies like Stripe and PayPal. On top of that, customers of Cosmose will be able to access their data via the blockchain network in order to customize their monitoring preferences, as by-products of extreme transparency.

Increasingly, blockchain-based payment systems are becoming popular and organizations, companies, and governments are embracing this new technology’s potential in their operations. Now that the Near Foundation and Cosmose are working together, a revolutionary platform for payments using cryptocurrency is born. Consumers stand to benefit from this initiative the most with increased access and lower fees for online transactions.

NEAR and Cosmose have committed to expanding the Kai-Ching system in the future, and develop more innovative products with the aid of the blockchain technology, as well as provide potential users with an easy-to-follow onboarding process. The company aims to provide customers accessible tools and options in order to achieve a smoother, faster and more secure financial experience, on which their own data privacy is tightly monitored and updated accordingly. Keeping the user’s financial data and cryptocurrency secure is the cornerstone of the Kai-Ching system.



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