It takes merchants less than five minutes to download the software into their existing POS Credit Card Machines.. NO additional hardware on the merchant side is required to begin accepting OBXcoin.
Digital currency (digital money/electronic currency) is defined as a type of currency available in only in digital form, not in physical (such as banknotes and coins). Examples include virtual currencies and cryptocurrencies or even central bank issued “digital base money”. About 90% of global currency are now digital currencies.
Blockchain is defined as a digital ledger in which transactions made in cryptocurrency are recorded chronologically and publicly.
How it works:
Someone requests a transaction. —> The requested transaction is broadcast to a P2P network consisting of computers, known as nodes. —> The network of nodes verifies the transaction and the user’s status using known algorithms (cryptography).  A verified transaction can involve cryptocurrency, contracts, records, or other information. —> Once verified, the transaction is combined with other transactions to create a new block of data for the ledger.—> The new block is then added to the existing block chain, in a way that is permanent and unalterable (Smart Contract). —> The transaction is complete.
The OBXcoin transactions are lightning fast and approval happens in seconds. Faster than a typical credit card or debit card transaction. In contrast, confirmation time varies from currency to currency and depends upon the speed of the particular cryptocurrency protocol. In some cases, it may take up to several hours. Especially when a network is overloaded with transactions.
Utility tokens, also called user tokens or app coins, represent future access to a company’s product or service. The defining characteristic of utility tokens is that they are not designed as investments; if properly structured, this feature exempts utility tokens from federal laws governing securities. If a crypto token derives its value from an external, tradable asset, it is classified as a security token and becomes subject to federal securities regulations. Failure to abide by these regulations could result in costly penalties and could threaten to derail a project. However, if a startup meets all its regulatory obligations, the security token classification creates the potential for a wide variety of applications, the most promising of which is the ability to issue tokens that represent shares of company stock. OBX is a utility that is meant to be used as currency to purchase goods or services and is NOT subject federal securities regulation, particularly by the SEC.
OBXcoin is designed to be used as currency on a large global scale and is far more interested in the 40 trillion dollar currency market than it is in the multi-hundred billion dollar cryptocurrency market.
Consumers are incentivized to use OBXcoin because their fees and taxes are reimbursed in OBXcoin each time they do a transaction using OBXcoin. OBX also credits holders of the foundational OBX coin with new forked coins at a 1:1 rate. (Example: If you have 100,000 OBX coin at the time a new fork is launched you will receive 100,000 of the newly launched coin.)
OBX is free to use and accept, drastically reducing merchant service fees from 3rd party credit card companies and increasing profit margins. The OBX kickback in taxes on transactions also greatly increases merchant profits. Merchants also generate an immediate ROI from buying OBX at a wholesale rate and then selling it to their customers at retail value, essentially becoming the “miner”.