PR90961

WATERLOO, ON, Aug 3, 2021, /PRNewswire=KYODO JBN/--

A new technology paves the way for frictionless digital micropayments.

Blockchain innovator Geeq Corporation is building a demonstration of its

game-changing payment technology. It operates through tiny digital cash-like

payments, enabling direct online transactions for fees as low as $0.0001.

"The practical implications of Geeq Pay are immense," says Geeq founder and CEO

Ric Asselstine. "For the first time, it will be possible to efficiently

transfer a few cents for trivial fees. From gamers to givers, it can radically

reduce the cost of any type of online payment. This opens up entirely new use

cases and markets, from pay-as-you-go digital services to machine-to-machine

transactions, smart logistics and smart mobility."

"On top of this, the computational lightness of Geeq makes it far more

sustainable than the protocols currently used to power cryptocurrencies. As

Geeq is not dependent on power-hungry mining, the network effects that come

with wide-scale adoption can be harnessed without eco-anxiety."

In May the company filed an application via the Patent Cooperation Treaty

(PCT), building on its earlier United States Patent & Trademark Office (USPTO)

filing, with the aim of global protection. The PCT enables successful

applicants to hold a priority position in its 153 contracting states for up to

31 months before making local filings. Geeq's new PCT filing also encompasses

subject matter related to multiple signature (multisig) accounts and multisig

payment transactions for the chain-based ledgers at Geeq.

Geeq is now inviting interested parties to participate in the micropayment

layer demo. Micropayments have the potential to open new revenue streams in

various industries, particularly for content creators and non-profit

fundraisers, as well as enable significant savings on international

remittances. Anyone keen to explore the potential of taking or making online

payments directly and at very low cost can learn more by signing up here:

http://geeq.io/spotlight-go-micro

About the Geeq Project

Geeq is a multi-blockchain platform secured by an entirely new consensus

mechanism called Proof of Honesty (PoH), which radically reduces the cost and

environmental impact of securely transacting value at scale. It is safe enough

for highly valuable data, fast and cheap enough for IoT, and flexible enough

for any use.

Geeq was founded by a team of expert economists and technologists. The founders

see unprecedented opportunity in decentralized technology that to date has not

been realized, as existing blockchains are caught in a trade-off between

scalability and security. Geeq resolves the dilemma with an accessible,

dependable, low-cost solution that does not sacrifice either trust or capacity,

unlocking blockchain's real potential for the real world.

Website: https://geeq.io/

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SOURCE:  Geeq Corporation