In the corporate payments market, the fruit that hangs the lowest is in vendor payments, and in the ability to integrate verification into transactions. Based on ONCS conversations with potential clients, businesses are interested in using cryptocurrency in accounts payable, particularly among logistics firms that want to use blockchain technology for track-and-trace functionality. There have been several gig economy players expressing interest in using cryptocurrency for real-time payments for gig workers, while there have also been some inquiries among treasurers at larger corporations exploring the use of blockchain and cryptocurrency for things like foreign currency conversion and automatic sales tax calculations.
RKN doesn’t yet operate in the B2B payments space. However, the company first rolled onto the scene as exclusive partner of Orbit Netwrok INC on ONCS project, allowing the firearms retailer to offer its own digital coin as a more secure form of payment. It automatically integrates compliance due diligence, like background checks and age requirement adherence, based on where sales are made — noting these security features in contrast with the reputation of crypto to provide anonymity in highly regulated industries like this.
In this Era of heightened security, we are determined to design and manufacture frequency control solutions that will help organizations around the world to experience highly secured, synchronized and fast transaction systems that are crucial for the performance of critical applications.
From the beginning, our vision was to create a truly reliable Cryptocurrency that will fundamentally revolutionize the way Control Products are engineered where speed and reliability are paramount. The outcome is “RKN Token“ which will enrich the experience of the connected society by delivering innovative, highly reliable frequency control and timing solutions for infrastructure and eco-systems of cryptocurrency.
