PAYGINE: FACILITATING EASY CRYPTOCURRENCY TRANSACTIONS

Despite skeptics and setbacks, the value of bitcoin continue to rise and everyday more and more people come around to embrace cryptocurrencies, recognizing that they aren’t just some shady innovations. However, spending cryptocurrencies continues to be a considerably greater challenge than hoarding it. While some companies have implemented bitcoin payment options, accepting bitcoin payment for groceries, gas or a cup of coffee still isn’t feasible for merchants and business owners. Conversion of cryptocurrency assets remain a significant obstacle to mainstream adoption of cryptocurrencies as virtual currencies only have monetary value if it can be converted to its cash equivalent. Other challenges currently limiting the adoption cryptocurrencies for day to day transactions include but are not limited to high transaction fee, slow speed and transaction confirmation, insecurity as a result of unreliable e-wallets, inability to integrate funds in existing bank accounts with crypto funds and difficulties experienced in converting crypto assets to fiat. However, To proffer solutions to this common challenges of an average cryptocurrency lover, a platform named Paygine has emerged.

Paygine is a decentralized financial platform which leverages on blockchain technology to offer secured, faster, easier and cost effective cryptocurrency related services to individuals and merchants. The platform aims to harness cryptocurrency benefits into the day-day transactions of all and sundry making it possible to explore the full potentials of cryptocurrency value. With paygine, merchants will accept cryptocurrency such as ethereum, bitcoin, litecoin, ripple etc. as a means of payment for goods and services, also sellers will be able to convert obtained cryptos into any currency (be it crypto or fiat) of their choice.

SERVICES OFFERED BY PAYGINE
• E WALLET SERVICES: Paygine offers E-wallet services to its users. Users can access the status of their funds via the wallet. The E-wallet is integrated with various exchanges which can be accessed through the e-wallet interface, thus making it easy to convert funds right from the wallet into fiat or other cryptocurrencies. Funds from the wallet can be withdrawn into a bank account or credit card
• CRYPTO-FIAT EXCHANGE SERVICES: This is a distinctive feature of the paygine platform which allows merchants to convert their cryptocurrency assets into fial and vice versa, this will ease trading activities for users and inturn increase the mainstream adoption of cryptocurrency for business purposes
• CARD ISSUANCE SERVICE: Paygine intends to partner with one of the available international payment systems in order to provide card issuance service to users. These cards will be linked to their E-wallet funds and will the same function as a traditional credit card i.e it can be used for day-to-day purchase of items
• MONEY TRANSFER SERVICES: Paygine offers money transfer service for cheaper and faster transactions with the use of Paygine tokens (PGC). Users will be able to convert their fiat currencies into PGC and send to their loved ones who later convert back to fiat. This process is faster than sending money via the traditional money transfer service which may take days before full completion of transaction is achieved.

TOKENS
Tokens that fuel the economy of the paygine platform are known as PGC tokens. They can be used to pay for goods and services on the paygine platform. Token holders get 10-30% discount when items are purchased with PGC. The tokens can be purchased during the ICO.