In modern world, invoice system plays an important role to the economy but the system which is used by most companies is flawed, slow and expensive. As a result it causes massive loss to some companies and end up going out of business. To solve this problem ProntaPay has introduced a Smart Legal Invoice (SLI) system which will remove the problems of tradition invoice system using cryptocurrency like Ether(ETH) in lighting fast speed. ProntaPay is also releasing it’s own cryptocurrency called PRO PAY token. So that, investors can invest in the cryptocurrency market and get benefited as time goes.
Problem:
The current invoice system most companies used is flawed, slow and expensive with some payment providers charging up to 3.5% of the transaction or charge a fixed monthly fee with a fixed term contract including late and defaulted payments. As a result companies suffer in the long run trying to recover debts that are legally theirs in the first place. Some companies also end up going out of business because of non-payment. In a Britain Business report it shows that “ The average small business is owed more than 108,000 in unpaid invoices, an icrease of 8 percent since the last Janyary 2017, with almost a third of farms(29%) citing late payments as the biggest cause of cash flow problems.”
The Solution:ProntaPay
Prontapay is the world’s first Smart Legal Invoice(SLI) payment system built on the advanced and reliable Ethereum network that rewards both business and customers every time an invoice is paid using the Prontapay platform by ProntaPay token(PRO PAY). It’s method is 66% cheaper than other payment providers around the world. So both customers and companies get benefited each time they use PontaPay. The technology will also be used for validate the transaction and facilitate instant automatic payment on the invoice due date using Ether(ETH).
Using Prontapay’s desktop or mobile interface companies will be able to send the customers smart legal invoice(SLI) containing all the terms and conditions. When the customers agree to the terms and conditions notification will be sent to both company and customer and each invoice will be sent on the blockchain . After that the Smart Legal Invoice amount will be automatically debited from the customers ether wallet on the agreed date. And ProntaPay will charge only 1% transaction fee which is far cheaper than current compotators. For instance PayPal and other credit card facilities charge 2.9% and above. Details at(prontapay.io)
INITIAL COIN OFFERING(ICO):
PontaPay as a company will issue tokens called PRO PAY(PRO). Pro Pay is a ERC-20 utility token built on the Ethereum blockchain System, these tokens are blockchain assets that can be sent and received like any other cryptocureency. Prontapay’s target is to produce 250 million tokens and 30% of that tokens will be sold in the pre sale and sale period.
Currently the pre sale period is going on and the company is offering a whopping 100% bonus (+5% when buing>10ETH). Pre sale period started at 1st JULY and it will end in 1st August. There will also be a Crowd sale period. For details, please visit (Prontapay.io).
Conclusion:
ProntaPay is the world’s first company which is solving a real life problem using cryptocurrency saving a millions of company from the web of late payment and invoice problems. Definitely, the company has a bright future ahead and also the price of their cryptocurrency PRO PAY token’s price will be higher day by day. So, it would a wise decision to buy PRO PAY in the ICO period as soon as possible.
