[X] SCT & USDT Payments

X SCT introduces an innovative Payment option for seamless shopping: USDT on NEAR and Polygon

We are announcing a new development at X SCT .com, one that is set to challenge the status quo of regular online shopping!

As part of our commitment to provide you with the best experience possible, we are introducing a payment option that combines the competitive advantages of distributed ledger technology over payment by card with the stability of the US Dollar.

What does this mean for you as our customer? Let’s dive into the details and uncover why this payment option is a game-changer.

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What is a USD Stablecoin?

A stable-coin is a token deployed on a blockchain or other distributed ledger network that is pegged to a stable asset, in this case, the US dollar. This means that one unit of the stable-coin is always equal to one US dollar, providing a reliable and predictable value.

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How Does It Work?

When you choose to pay using the USDT stable-coin at X SCT .com, you’ll experience a seamless and secure transaction process. Here’s how it works:

Selection of your payment option: Currently, we only allow “direct transfer” as mean of payment which includes both “direct bank transfer” (A) and “direct transfer via distributed ledger technology” (B). So you have no selection to make at the checkout page.
Execution of your payment: Option (A): If you choose to pay by bank transfer, simply use the bank details provided at the order confirmation page. It is a multi-currency account so the same bank details works for any of the accepted currencies as indicated.
Option (B): If you choose to pay via distributed ledger technology (our preferred method), then you must possess USDT on a wallet and these USDT must be on the NEAR or the Polygon network (our preferences for cost-efficiency and speed of transfer) -> How do you get this? First, you may have to create an account at a crypto exchange allowing you to exchange fiat currencies (i.e. USD, EUR, GBP etc) for crypto-assets including the stable-coin USDT, then you must ensure that the exchange supports either the NEAR network or the Polygon network for the withdrawal of USDT; or you may use a second exchange allowing you to withdraw USDT on NEAR or Polygon for instance if this second exchange does not allow you to deposit and convert fiat currencies hence the need for the first exchange where you would convert your deposited fiat currency for any crypto-asset that you would then transfer to the second exchange where you would then sell the crypto-asset for USDT and withdraw it on the preferred network (NEAR or Polygon).
X SCT recommends the exchange Kraken as first connection between your bank account and the crypto-sphere: USDT on Polygon is supported by Kraken but not USDT on NEAR; and the exchange KuCoin as second exchange for crypto to crypto conversions: the KuCoin exchange is appreciated for its vast selection of crypto-assets, low trading fees and fair withdrawal fees, moreover our preferred USDT on NEAR is supported by KuCoin.
It is strongly advised to withdraw a crypto-asset from an exchange to a personal non-custodial wallet (meaning you own and control the private key) before transferring it to an address designated for payment, in this case one of the X SCT wallet addresses. X SCT recommends the Exodus wallet for USDT on Polygon and the Nightly wallet for USDT on NEAR.
Make sure you have selected the USD currency before confirming your order: the quoted amount to pay in USD will be equivalent to the amount we request to receive in USDT (the USDT to USD rate is always approximately equal to 1 and we accept it as such). If you have confirmed your order in any other currency than USD, then simply write us to payment@x-sct.com and we will quote you the correct amount of USDT to transfer to one of our wallets.
Confirmation: Once the transfer is settled, the transaction is verifiable and immutable on the blockchain network, ensuring transparency: this means that neither you as customer nor us as merchant can be fooled with false claims from the other party.
Completion: With the transaction verified, your order is processed swiftly, and you can enjoy your new purchase without delay.

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The Benefits for You

So, why should you consider using USD stable-coin for your shopping needs? Here are some compelling reasons:

Speed: Transactions using USDT stable-coin are lightning-fast, thanks to the effectiveness of distributed ledger technology. Say goodbye to waiting for payment confirmations!
Sovereignty: Distributed ledger technology provides a high level of self-control and reliability, eliminating the need for middle-men subjecting you as a customer to technical restrictions and us as merchant to countless prohibitions on business activities.
Lower Fees: So-called “traditional” payment methods (bank card payment) come with hefty fees. It is what you generally don’t see as a customer because the cost is incurred by the merchant and concealed to you: any amount you pay with your bank card (both online and at brick-and-mortar shops) is reduced by a transaction fee of typically about 3%.
Global Accessibility: Transactions via distributed ledger technology can be operated from and to anywhere in the world, making them ideal for international transactions.

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A Win-Win for Commerce

It’s not just our customers who benefit from this new payment option; X SCT .com also gains several advantages:

Reduced Processing Times: Faster transactions mean quicker order processing and fulfillment, enhancing overall efficiency.
Lower Costs: With lower transaction fees associated with stable-coin payments, we can pass on these savings to our customers or reinvest them into improving our services.
Select Customer Base: By offering payment options that are fair and advantageous to both parties, we attract the customers who match our set of values, namely in this case, liberty and self-sovereignty.

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Get Started Today

Simply browse the X SCT Shop and choose to pay us in USDT on NEAR or Polygon. It’s that easy!

At X SCT .com, we’re striving to enhance your shopping experience, and the introduction of stable-coin payments is just one of the many ways we’re achieving that goal. Join us in embracing the future of digital commerce!

Happy shopping!

The X SCT .com Team