What is zapit wallet
Zapit is a new BCH wallet with a non-custodial peer-to-peer services integration. Its focus is to encourage BCH adoption through peer-to-peer services that are fully non-custodial. Users can hold, receive or send money to anyone around the world in a peer-to-peer manner. Users are in total control of their funds at all times either in their local currencies or BCH. In a nutshell, Zapit wallet is a BCH peer-to-peer exchange wallet without the service of an escrow. That means no representative of zapit is involved in a transaction between users.
How to use Zapit wallet services
To start using Zapit wallet services the first thing to do is to download the wallet app on the Google play store. Once downloaded you can quickly sign up with your email and password and username. You have a BCH cash account already created for you plus other SLP token wallets. But you can decide to create a new cash account with your unique name and currency of your choice on a premium basis.
You can fund your BCH wallet just the same way you do with any other wallets. Note that the purpose of Zapit wallet is to enable users to send money to anyone anywhere with the ability to receiving the money in local currencies through the service of payment partners within the Zapit community. We will talk about payment partners later. With Zapit you can receive and transfer money to a local bank account.
How peer to peer works using Zapit wallet
Zapit's peer-to-peer exchange model is different from other peer-to-peer exchange platforms. Zapit is fully non-custodial between users to users. Users can sell or buy BCH on peer to peer basis. There is no escrow service on Zapit but instead what you have is payment partners that serve as liquidity provider who is also users of Zapit wallet.
What is payment partners on Zapit
Zapit services are peer to peer and also non-custodial, when a user place order either to top up account or withdraw money another user has to process the order for them, those who process orders by providing liquidity are called payment partners.
The services of payment partners are to buy and sell BCH within the Zapit community. When a user wants to buy BCH, a payment partner sells to them, and if a user wants to sell BCH the payment partner buys it from them. Payment partners are liquidity providers for Zapit wallet users.
How payment partners are rewarded
Since payment partners are the liquidity provider on Zapit they certainly deserve a good reward, 50% of the fee a user pays for using top-up/withdrawer service is shared with payment partners for all orders processed. Additionally, up to 1000 ZAPT tokens are allotted to payment partners that process the highest orders per country. Note that payment partners can only work with other users of Zapit within the same country.
Who can become a payment partner on Zapit
Any user can become a payment partner. No special requirements are needed, all a user needs to do is to go to the settings on the Zapit wallet app and turn on the payment partner notification either with email or push notification.
Any time a user place order all payments partners will receive a notification depending on the chosen notification settings. With the push notification, you can just click on the accept order to process the order. But with email notification, you will receive the user ID which you have to copy and paste in the screen provided for processing the order.
Everyone can take up this business opportunity by becoming a BCH liquidity provider to other BCH users in your country through Zapit.
Other opportunities on Zapit
Apart from becoming a payment partner, there are other opportunities to get rewards using Zapit wallet. Zapit also has a feature for advertisement where anyone can advertise their BCH-related business with as little as $1 to get exposure or traffic to their sites. In this way, users get rewarded for completing simple tasks such as watching short videos, visiting sites, subscribing to businesses, following and liking pages, making ZAPT token transactions, etc. Users are rewarded with Zapit token ZAPT an SLP token. Once a task is completed rewards are paid automatically to the user's ZAPT wallet.
How to do tasks on Zapit
To do tasks on Zapit click on the achievements box on the screen to go to the tasks section. The tasks are arranged in form of play cards, you can swipe left or right to select any task you will like to do and click on it to get to the task site. Next, you will see a place with the word "complete✓", you can click to get to the site. Once a task is completed you can return to Zapit wallet to answer a short quiz about the task you just did. Provide the correct answer to the question to get your reward.
What to do with ZAPT token
ZAPT token is an SLP token and can only be swapped to BCH. There is only two available medium to do that as stated on Zapit website, these are Memo.cash and Cctip.io sites. You can sign up with any of those two to swap your ZAPT tokens that you earned for doing tasks.
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