What does BZT mean in LONDON STOCK EXCHANGE
Bezant is a business platform that offers secure, fast and cost-effective payment solutions to the retail market. It was launched in 2018 and its mission is to make global payments available for everyone, everywhere. BZT stands for Bezant Resources, which is the company's token used to transfer value within the Bezant ecosystem.
BZT meaning in London Stock Exchange in Business
BZT mostly used in an acronym London Stock Exchange in Category Business that means Bezant Res
Shorthand: BZT,
Full Form: Bezant Res
For more information of "Bezant Res", see the section below.
Essential Questions and Answers on Bezant Res in "BUSINESS»LSE"
What is Bezant?
Bezant is a decentralised payment platform that provides frictionless transaction experiences and enables developers to design, develop, and launch their own blockchain-based payments applications. It also helps merchants and consumers to manage their payments with a secure and reliable infrastructure.
How does Bezant work?
With the use of blockchain technology, Bezant allows for efficient P2P transactions between merchants and customers by streamlining transaction processing time. This ensures fast, secure and low cost payments without the need for any third-party intermediaries.
What are the key features of Bezant?
The key features of Bezant include global scalability, secured user validation, control over customer service , real-time payments processing capability, flexible currency options (crypto or fiat) and seamless integration with existing services like Apple Pay & Google Pay.
What type of applications can be built on top of Bezant network?
Any application that requires reliable payment infrastructure can be configured using the platform's API interface. Applications such as eCommerce stores, online marketplaces, mobile payment gateways or loyalty programs can all utilize the secure transaction capabilities provided by Bezant.
How does the payment process work when using Bezant?
When executing a payment using Bezant network, both parties have to agree upon terms which will be documented in an immutable smart contract running on top of the platform's distributed architecture. Once agreed upon funds can be transferred in real-time with no intermediary required.
Who can use Bezant?
Any merchant who has requirements for fast, cost effective payments or an app developer who needs to create an online marketplace or any consumer looking for instant access to their payments across different jurisdictions can make use of the capabilities offered by this platform.
Is there a fee associated when using Bezant?
There is no fee associated with using this platform but fees may apply when making crypto/fiat conversions depending on your geography or currency type used for transactions. Additionally gas fees may apply if you are deploying smart contracts through the platform’s API interface.
What security measures does this platform offer?
The data stored within the system is protected from unauthorized access through user authentication protocols as well as encryption algorithms running on each node in order to ensure integrity of data transfers among nodes in system. Additionally all transactions are validated via consensus mechanisms such as delegated proof of stake (DPoS).
Final Words:
BZT plays an important role in enabling secure international payments while providing cost-effective options for merchants all around the globe. This allows people from different countries with different currencies to transact securely without having to go through lengthy processes involving banks or other financial institutions. In essence, this reduces costs related to foreign exchange conversions as well as increases efficiency when performing cross-border transfers of funds. Ultimately, this helps increase trade efficiency between countries while drastically reducing transaction fees involved in cross-border payments – both of which could have huge implications on economic growth worldwide!