COSS stands for Crypto One Stop Solution, and represents a platform which aims to encompass all features of a digital economical system based on cryptocurrency. COSS has been launched in the Beta Version on the 1st of April, 2017 with a Payment Gateway/POS for online and offline stores allowing Merchants to accept payments for their services in various cryptocurrencies, and a fully-operational Crypto Exchange. So far, these are the two most important features of COSS, that is currently integrating many the 3rd-party providers, who will offer their services through COSS.
This white paper describes the Crypto-One-Stop-Solution (COSS) platform and its functionalities, approaching the subject of online payment technologies and the position of cryptocurrencies in this developing market. With over 800 altcoins on the market, there is hardly a single cryptocurrency which does not suffer from usability or user adoption issues. Imperfections in the technical setting of these digital coins result in the loss of potential customers and merchants and low transaction volumes, affecting the market price of the coin accordingly. Furthermore, the path from creating a digital wallet to making actual payments in cryptocurrencies is very inconvenient and cumbersome, requiring a beginner to spend a lot of time and effort making his/her way in the cryptocurrency world. When addressed mindfully, the problem of poor user adoption of cryptocurrencies can be resolved by means of a one-stop solution approach realized through a platform, that was designed specifically to inform and educate users about the variety of coins, helping them to make an informed choice, and providing multiple possibilities to use digital currency, all in the same place. The concept of the Crypto-One-Stop-Solution (COSS), together with its actual implementation and the technical specs are outlined in this whitepaper.