A new app allows COVID-19 hit businesses to earn cryptocurrency through the video conferencing software Zoom. As the Coronavirus pandemic makes it harder for businesses to make income, crypto comes to the rescue again. In the latest cryptocurrency news today, we find out more about this app.
The new app called SmartSessions is an ethereum-based crypto paywall that was developed by the 2Key New Economic which allows companies and solo entrepreneurs to take advantage of the crypto payments that offer services through Zoom. The Company explained that the solution will help people that are pushed out of their everyday activities, for example, the teachers of a sport or another skill, advisers, or mentors, a new way to receive payments through the Zoom platform.
SmartSessions uses the Ethereum network and smart contracts thanks to the 2Key existing Smart Link platform and to create a number of automated and self-managed features. after the session is set up, it will generate a personalized Zoom link and will send it to the audience by processing payments automatically. The session hosts can also see the metrics for data such as ticket sales and invite views. The tickets for video conferencing Zoom sessions can also be acquired with Ethereum’s native cryptocurrency ETH. 2key said that the automated swaps between ETH and DAI, along with USDT and TUSD are both coming via crypto liquidity network Kyber.
The ticket purchase will be able to purchase ETH using a credit card within the app by paying in 17 different fiat currencies. The parties are also able to earn ETH rewards for sharing the ZOOM invites and will also get a portion of any tickets sales they generate. Right now, businesses that want to take payment for Zoom sessions will also have to use PayPal or bank transfers with every attendee that has to be billed separately.
2Key said that the problematic Zoom bombing where unwanted parties join the video call just to disrupt the call, will likely no longer be an issue as only paying parties will have access to a session. The app arrived at the right time when Zoon activity soars thanks to the ongoing coronavirus pandemic which forces the employees around the world to work from home. According to the World Health Organization, the number of COVID-19 cases increased to 2.6 million.
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