• INTRODUCTION
That ambiguous term 'Blockchain technology' simply refers to the transparent, trustless and immutable publicly accessible ledger that allows the transportation of units of value using public key encryption, by users. By design, a blockchain is resistant to modification of the data. It is "an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way",it is managed by a peer-to-peer network collectively adhering to a protocol for communication and validating new blocks. Once recorded, the data in any given block cannot be altered retroactively without alteration of all subsequent blocks, which requires consensus of the network majority. Although blockchain records are not unalterable, blockchains may be considered secure by design and exemplify a distributed computing system with high Byzantine fault tolerance. Decentralized consensus has therefore been claimed with a blockchain.
The potential for blockchain technology is not limited to bitcoin, a cryptocurrency. Other cryptocurrencies include Ethereum, Litecoin, Ripple etc. A cryptocurrency (or crypto currency) is a digital asset that is utilized as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets.Cryptocurrencies use decentralized control, known as Blockchain as opposed to centralized digital currency and central banking systems.
• THE CHALLENGES
Cryptocurrencies are a new development in the financial markets asset class. Because of the speed of development and innovative features, there multiple variations amongst each cryptocurrency, with modifications in Blockchain tech,different cryptography mechanics and different ideology. But common trait is that one user can money transfer. However there is a problem is the difficulty managing several cryptocurrencies: maintaining liquidity, private keys protection, payment solutions and the problem of the user maintaining the specific mechanics of different cryptocurrencies. The absence of an easy and streamlined way to manage cryptocurrency portfolios is the main reason why their adoption has been low amongst the general populace. Also, the concept of the traditional crypto exchange does not favor wealth generation with exchanges providing traders with access only to rate and volume charts for a specific asset. Users conduct their own technical analysis based on the data presented on the exchange, make a decision and place an appropriate order, with fund movement cessation as soon as the system detects a request that satisfies the conditions of the trader’s application for the purchase or sale of cryptofunds. No daily profit from cryptocurrency assets holding. Also traders store assets in 'hot' wallets which are highly risky and susceptible to theft. Also, the funds are stored without generating any income. Significant inflation processes bring huge losses to cryptocurrency holders who store the assets they have on crypto exchanges.
• THE SOLUTION
This is where PointPay comes in. It is an all-in-one platform which encompasses the full circle of services around cryptocurrencies. It's vision is providing banking capabilities to crypto holders with conventional tools such as deposits, debit and credit cards, collateralized loans and cryptocurrency wallets, allowing businesses and traders via its exchange platform, offering advanced capabilities such as asset tokenisations and Initial Exchange Offerings (IEOs) project launchpads. All services will be payable by the platform’s own native token - PointPay (PXP). The token will also serve as a governance tool for the platform itself. More of the PointPay token later.
THE POINTPAY ECOSYSTEM
PointPay Multi-currency Wallet
One of the products being developed by the PointPay cryptocurrency platform is a PointPay Multi-currency Wallet. It has the following technical functionality.
Now you can send and receive crypto and fiat currency to other members of PointPay platform. Enjoy secure, fast transactions with our lowest fees!
Multicurrency crypto and fiat accounts
Security and anonymity
Virtual crypto portfolio
Instant exchange
Cryptocurrency payments
Instant deposits/withdrawals in EUR, USD, GBP, JPY, CHF
SPV architecture
Payment Code ID
Easy to use
Why is PointPay Multi-currency Wallet the Best?
Any blockchain enthusiast, miner or trader inevitably faces the need to search for a safe and reliable cryptocurrency store. At the same time, the existing crypto wallets, aimed to solve this problem, provide very limited number of options.
PointPay experts conducted a study of the most popular wallets on the cryptocurrency market. The table below clearly shows the gaps in the implementation of a number of important technical solutions:
PointPay Crypto Bank
A new direction in the crypto market: manage, save and grow your capital with PointPay. We are building a unique all-in-one solution for the global market.
Low fees
Fast transfers worldwide
No currency restrictions
Virtual, debit and credit, fiat and cryptocurrency cards
Cryptocurrency lending
Crypto acquiring
Online mobile banking
Crypto Forex Trading
Crypto deposits and credits
The myriads of features of the PointPay Banking solution includes, but no restricted to
The above functions are made possible and feasible through a phalanx of 50 banks and 25 payment systems, as well as 20 lawyers who deal with the business and legal issues of licensing crypto assets. PointPay has many years of experience in supporting the functioning of payment systems, including signing contracts, working with banks, working with other payment systems, paying out funds, and building complex payment schemes.
Why is PointPay Crypto Bank the best?
Cryptocurrency and blockchain ecosystem is rapidly gaining popularity among users all over the world. While there are many separate platforms on the market allowing buying, trading, selling and managing cryptocurrencies, there is definitely a void in terms of having a platform with “All-in-one” approach. As seen from the comparative analysis table below, the major market players are heavily focused on providing a limited array of services and there is a definite lack of a user-friendly “all inclusive” platform. PointPay Crypto Bank (“PPCB”) will be a part of the “All-in-one” utility token-based blockchain ecosystem, provide cryptobanking services one would find readily available in fiat currencies.
PointPay is creating a PPCB to breach the gap between the convenience of cryptocurrencies and functionality of a traditional bank. PPCB will be filling this underserved niche by offering everyday users a full spectrum of banking services. The goal is to build a convenient, intuitive online banking platform, so even a non-technical user can benefit from all the services PPCB has to offer without the complications, currently associated with the blockchain technology.
Benefits of PointPay Crypto Bank over Conventional Banking
Research shows that the number of cash payments worldwide is steadily declining, while the percentage of non-cash payments is constantly increasing – electronic money is gradually replacing paper money. But progress does not stand still: payment cards are being replaced by mobile applications installed in smart phones, and good old fiat money gives way to cryptocurrencies. The latter is due to a combination of various factors, including the natural human desire not to feel ‘’closely watched’’, to preserve at least partly the anonymity of their financial transactions: de jure, it is a constitutional right of every citizen, de facto the case is different.
The unprecedented rise of the bitcoin exchange rate was one of the reasons for the cryptocurrency boom in 2017. Ironically,it is because of this that the share of bitcoin in the total market capitalization has rapidly decreased – from more than 80% in June 2016 to less than 40% in December 2017: hundreds of new coins and tokens appeared, and some of them managed to win a place under the sun.This being said, using the same bitcoin's case a curious fact can be stated: the number of transactions with its use is constantly growing and in 2017 exceeded 100 million, but at the same time, this very impressive figure is still very far behind the indicators of fiat payment systems. This leads to the logical conclusion: the crypto-currency market has a huge, almost inexhaustible potential for further growth, and the project that will be the first to be able to offer its customers a "turnkey" working system that provides not only standard opportunities typical for the usual fiat Internet banking, but also significantly expanding their list, will certainly be ‘’on the crest of the wave’’ and will interest potential investors with a combination of prospects for obtaining considerable income in a relatively short time with the obvious reliability and durability of its business model. This is confirmed, among other things, by the amount of levies of those token sale projects that tried to set themselves similar tasks: Cryptopay – 51 million dollars, Crypterium – 18 million, ChangeBank – 17.5. Though, none of these projects is a cryptobank in the full sense of the word: services such as depositing and transferring money from one's account to another, traditionally provided by the banking sector, have not yet been brought to the implementation stage. Not far off is the moment when any cryptocurrency asset will become a universal means of payment, which will be able to pay for anything – from a cup of coffee to a new apartment. Those who bring this moment closer, already today realizing what others will only think about tomorrow, will undoubtedly benefit.
The PointPay Team strives to be one step ahead of competitors and intends to create a bank of the future, where mutual settlements of customers will be extremely simplified by eliminating bureaucratic and geographical restrictions that are inevitable for conventional banks, as well as minimizing the time spent on transfers of funds and commissions due to the absence of the need for the maintenance of numerous banking personnel – all operations are carried out by the user in a virtual personal account through his mobile or desktop device.
PointPay Crypto Exchange platform
Trade cryptocurrency with confidence, with an intuitive interface and helpful tutorials make trading a breeze no matter your experience level
*Fiat pay-ins and pay-outs
*Tokenized assets trading (stocks, indices, commodities)
*Daily crypto back to PXP holders
*Four-level referral system and referral exchange
*Leveraged trading (1:10)
*24/7 support
Tokenized Assets Trading With the PointPay Crypto Exchange platform
The PointPay team believes that the investment process should be more democratic and accessible to the vast majority of people who want to increase their funds. Investors who have cryptocurrencies in their asset portfolio do not have the opportunity to trade on world financial markets by investing in conventional asset classes. Therefore, PointPay issues several thousand tokens of a special kind that will correspond to one or another type of traditional assets. Trade in such assets will occur in the same way as trade in cryptocurrency on any exchange:
PointPay Crypto Exchange Initial Exchange Offering (IEO)
In 2017 and 2018 cryptocurrency projects first carried out token sale campaign directly on their landing sites and only then they listed the tokens on exchanges. Yet in 2019 the trend has changed in favor of the so-called IEO – initial exchange offering. It can be stated that the crypto industry repeats the history of the stock market: it’s enough to recall how at one time the shares of current business giants – such as Alibaba or Facebook – were sold as part of an initial public offering (IPO) on the American stock exchange Nasdaq, specializing in high-tech companies. The cryptocurrency sphere has decided to take the already beaten path, and PointPay readily joins the global trend.It is necessary to take into account that in order to enter the IEO on top exchanges, startups need not only huge amounts of funds that are too heavy for the beginning, but, as a rule, well-established business contacts with representatives of the top management of these exchanges. In contrast, PointPay offers cryptocurrency blockchain projects to attract funding according to well-defined and common rules and standards that will be developed by experienced advisors with many years of relevant industry experience.
The table below clearly demonstrates the benefits derived from the guaranteed achievement of softcap and hardcap by informing in advance crypto exchange users who have a potential to take part in a token sale;increasing of token liquidity after making a listing on the crypto exchange in the most popular trading pairs.
Why PointPay Crypto Exchange platform is the best
Stimulation of cryptocurrency liquidity growth by investors wishing to participate in the IEO and depositing the assets to the crypto exchange;
Increase in income from trading fees, as well as depositing and withdrawing commissions (the more income has the exchange, the more cryptoback get PXP token holders);
Attracting of new traders who were not previously registered on the crypto exchange.
In summary, Pointpay takes care of all your crypto needs and necessities.
Pointpay Resources
Website https://pointpay.io/
Whitepaper https://cdn.pointpay.io/WhitePaper__en.pdf?cache=1.4
Onepager https://cdn.pointpay.io/OnePager__en.pdf?cache=1.4
Ecosystem https://cdn.pointpay.io/PointPay_Ecosystem__en.pdf?cache=1.4
Telegram https://t.me/pointpay_talks
Linkedin https://www.linkedin.com/company/pointpay/about/
Facebook https://www.facebook.com/PointPayLtd
Twitter https://twitter.com/PointPay1
Reddit https://www.reddit.com/user/PointPay
Youtube https://www.youtube.com/channel/UCS-_VDX97myxM5yLPYezH-w
About the Author
Joseph Johns is a successful Emergency Medicine Physician and an ardent cryptocurrency and Blockchain connoisseur
Bitcointalk Username: Redoc
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