Tectum proudly announces Mizrak Gross, a supermarket in Turkey, as a SoftNote merchant. The partnership is part of our plans to expand into Turkey and enable Turks to maintain the value of their money. Especially in a time like this, where financial stability isn’t certain.
This article will enlighten users about this new partner and its product offerings.
Mizrak Gross: All You Need to Know About the New SoftNote Merchant
Mizrak gross is a retail shopping store at Barış neighborhood, Diyarbakır-Şanlıurfa Yolu no:194/A, 21000 Kayapınar/Diyarbakır, Turkey. The mart offers everything you need to turn your house in to a home. This ranges from food items like meat, fish, and farm produce to canned foods and other groceries.
Individuals can also get home maintenance items like detergents and liquid soaps. This is as good as you can get from Walmart in the US or supermarket chains in the UK.
Mizrak Gross is famous for having the best and very fresh produce. From ts meat, fish and eggs, to fruits and vegetable, everything fresh out of the farm. Despite offering quality produce, Mizrak does not sell its items at cutthroat prices. People get full value for their money at very competitive prices.
Meanwhile, it is very simple to pay for good with Tectum SoftNote Bills. Simply tender your SoftNote Bill to the cashier for scanning and provide them with your unique pass code. As expected, transactions are instant as this infrastructure is built on Tectum – the fastest layer-1 blockchain.
Mizrak Gross: How This SoftNote Merchant is Giving Users Full Value For Their Money
Since before the Turkish general elections last years, experts have predicted the impending economic crisis. Meanwhile, the whole financial collapse has been brewing for several years, with high inflation and currency depreciation being telltale signs.
Some of the reasons for this economic catastrophe include
- Inflation: Turkey has experienced extremely high inflation rates, reaching over 80% at times. This has eroded purchasing power and savings, leading to widespread economic hardship.
- Currency Depreciation: The Turkish lira has lost substantial value against major currencies like the US dollar and the euro. This depreciation has made imports more expensive, further fueling inflation and increasing the cost of living.
- Monetary Policy: President Recep Tayyip Erdoğan’s unconventional economic policies, especially reducing the interest rates, have exacerbated the crisis. Despite high inflation, the central bank has reduced lower interest rates, undermining confidence in the lira and the broader economy.
- External Debt: Turkey has significant external debt, and the currency depreciation has made it more difficult for businesses and the government to service this debt, increasing the risk of defaults.
With Mizrak Gross, the Tectum SoftNote merchant, people who own cryptocurrencies can now get full value for their monies. They do not have to convert blockchain tokens into the unstable Turkish Lira before spending.
Individuals can also pay for items worth $1, $2, $5 and other smaller denominations using cryptocurrencies. The best part is, people need not worry about gas fees or cost of transactions.
Benefits of Accepting SoftNote Bills For Payment
There are several benefits business owners will enjoy now that they have become SoftNote Merchants. These incentives apply to every other business owner who partners or is looking to partner with Tectum.
Some benefits include those outlined below:
- Transacting Both Locally and International: SoftNote Bills allow people to send and receive money from anywhere in the world. They are not subject to any form of governmental restriction or policy. Considering this factor, SoftNote Merchants can offer their products and services to anyone in any part of the world. This feature is very beneficial to individuals or enterprises that are into e-commerce.
- Lowest Possible Merchant Commission: firms that use SoftNote as a payment method will only pay a 1% commission on the payments that they receive. This is the best deal on the market, and it will help businesses reduce the cost of operation. Small businesses have stuck to accepting only cash to avoid the high commission from payment service providers. Tectum offers an excellent alternative.
- Accepting Crypto With Complexities: As mentioned in a previous article, SoftNote is the easiest way to accept Bitcoin payments. Instead of the usual complex process, customers only need to share their barcode for scanning and approve the transaction with their secret code. In fact, people can use SoftNote Bills to spend Bitcoin without owning a blockchain wallet.
- Fastest Completion of Transactions: this payment method is hosted on Tectum – the fastest blockchain in the world. Our network can simultaneously process 1.3 million transactions per second. Therefore, all transactions must be reflected in record time. Merchants do not have to worry about delayed transactions due to network congestion.
- Option to Make an Investment: For those who do not know, merchants can also make money from minting or adding liquidity to SoftNote Bills. If you fill this crypto cash with Bitcoin, Ethereum, or USD Tether, you get a percentage whenever someone uses it. Even without making any effort, you will be earning money.
How to Become a SoftNote Merchant
As shown above, there are several benefits of being a SoftNote merchant. Tectum is open to working with small, medium, and large-scale businesses to help them scale growth. If you want to accept and use this crypto cash for payment, visit the SoftNote Merchant website. Fill out the details on that form with the correct information about your business. The team will reach out to you if your application is successful or if there is a need to request further details.