PAYGINE

Cryptocurrency is a phenomenon that has not been in existence until 2009 when the first ever cryptocurrency (Bitcoin) was introduced to the world. A cryptocurrency is a digital currency or a virtual currency that uses cryptography for its security. Cryptocurrency got introduced and as a result the need for middlemen or financial institutions during transactions began to reduce. Following Bitcoin, several other cryptocurrencies were created.
Some questions might be raised as to how these currencies are being stored if their existence reduce the need for financial institutions; cryptocurrencies are also called digital currencies and as such, digital currencies are stored in digital wallets and just like a traditional financial account, digital wallets can be accessed with the use of private keys which serve as an account pin for a traditional financial account.

Cryptocurrency actually solves a whole lot of financial problems; for one, cryptocurrency ensures that banking and financial exchange services are made available to anyone at any location and at any time. Areas which are inaccessible to traditional financial institutions would now be made accessible via the existence of the cryptocurrency phenomenon. Cryptocurrencies have a plethora of advantages over traditional banking systems and even solve a lot of shortcomings but despite that, cryptocurrency also have quite a number of shortcomings.
Cryptocurrencies should inherently mean the seamless, fast and inexpensive conversion and transfer of digital currencies but new adopters of cryptocurrency make these conversion and transfer processes seem harder than it is. New users lack the technical know-how surrounding cryptocurrencies hence the purchase and transfer processes come out as confusing to them; a cryptocurrency transaction could require really high fees for the completion and some transaction confirmations may take a really long time. Another shortcoming is that some merchants do not have the means to accept payments for goods and services in cryptocurrency and there are some difficulties in the conversion from one cryptocurrency to another.

A solution to these shortcomings cannot be over-emphasised which brings us to the "Paygine" solution.
Cryptocurrencies do not yet have the global acceptance of traditional financial instruments mostly as a result of the different regulations of each country but Paygine is offering a unique solution by creating a universal financial platform that would be open to the world and which would connect the cryptocurrency ecosystem and the traditional financial instruments.
Paygine intends to maintain the stable and smooth operation of its financial platform globally by actively purchasing two financial institutions that embrace the idea of cryptocurrency and would inherently help with the achievement of Paygine's intentions.

Services made available within the Paygine platform.

E-wallet services would be made available to users within the Paygine platform through which various transactions are made in cryptocurrencies which are later converted to Fiat currencies and transferred to traditional bank accounts.
On the Paygine platform, currency conversion and exchange is enabled whereby cryptocurrencies could be converted to Fiat currencies or other cryptocurrencies and vice versa.
A unique service the Paygine platform offers is the issuing of traditional financial instruments linked to accounts in Fiat currency or cryptocurrency.
Paygine offers payment processing procedures for merchants that accept cryptocurrencies as their payment means.
Paygine also offers money transfer, peer-to-peer and deposit/withdrawal services.

The Paygine Roadmap.
The roadmap is in 3 stages:
STAGE 1 - 36 MONTHS
-Buying banks: Paygine bank Europe and Paygine bank Caribbean.
-Implementation of core system, integration with accounting systems.
-Updating the peer-to-peer system.
-Adjusting existing payment gateway to work with cryptocurrency.
-Global open API for all services and blockchain (private DL).
-Development of operational documentation and AML procedures.
-Agreement and integration with world crypto exchanges.
-Entering the MPS + Implementation and certification.

Introduction of processing (emission and acquiring).
-Registration of the exchanger + IT system.
Workflow management, changing banks team, opening additional correspondent account.
-Launching the crypto-wallet service.
-Launching merchant account product.
-Own issue of cards to the wallet, virtual cards.
Peer-to-peer services on platform based on partnerships.
-Peer-to-peer service based on its own emission.
-Transfers from Europe to US and other countries.

STAGE 2- 36 MONTHS
-Obtaining a license in all states.
-Money transfer (MT) software, integration with external systems.
-Development of operational documentation and AML procedures.
-Global open API for all services + blockchain (Integration of Paygine banks via private DL).
-Signing agreements and integration with major world cryptocurrencies.
-Launching API for US-MX and US-EU transfers.
-API launch for transfers in each state to the extent of MT license availability or entering into an agreement with local opening MT.
-Creating an infrastructure for receiving and providing cash.

STAGE 3- 30 MONTHS
-Opening of Paygine bank representative offices in Southeast Asia and the US.
-Connecting offices to the system paygine core bank system.
-Global open API for all services + blockchain (uniting with Paygine banks and MT (US) into one private DL).
-Registration in the MPS + connection of offices into the central processing.
-Adjustment of operational documentation and AML procedures for new activity in the representative offices.

Closing of all cash flows of the platform in the banks of the Paygine group.
-Launching all services in Asia.

The Paygine ICO.
The ICO is a means to raise funds for the development of the Paygine platform.
The Paygine token symbol is PGC with a total supply of 151,750,000 PGC tokens and a token price of 1PGC=$1.
The token distribution is as follows:
28.14% of the total supply (42,699,608 PGC) is allocated to the ICO.
57.03% (86,550,392 PGC) is put in reserve.
14.83% (22,500,000 PGC) goes to the project team.

The ICO token distribution is as follows:
2.85% (1,218,000 PGC) is allocated to the pre-sale.
70.26% (30,000,000 PGC) is allocated to the ICO itself.
24.1% (10,290,000 PGC) is reserved for ICO bonuses.
2.79% (1,191,608 PGc) is allocated to the bounty campaign.

The Team.