POINTPAY: Is A Decentralized Crypto Banking Ecosystem Based On The Blockchain Technology:

Francis Odinigwe

Overview Of The PointPay Ecosystem:

Introduction:

PointPay is creating a fundamentally new product that combines three services in a single closed-loop ecosystem: PointPay Crypto Bank, PointPay Crypto Exchange platform and PointPay Multi-currency Wallet.

With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve. While this revolution is gaining wide acceptance, PointPay is creating a fundamentally new product that combines three services in a single closed-loop ecosystem: PointPay Crypto Bank, PointPay Crypto Exchange platform and PointPay Multi-currency Wallet.

In addition, PointPay has business contacts with more than 50 banks and 25 payment systems, as well as 20 lawyers who deal with issues of licensing crypto business. PointPay have 4 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. PointPay is currently conducting a crowdfunding campaign through the sale of 500,000,000 PXP tokens in order to raise funds for the development of fully functional versions of the products. It is important to have access to tools, data, analysis, and information to keep one up to date of current event happening in the everyday crypto space. Information is power, with the right tools, you are indomitable. But gathering this information from various sources proved to be a time-sapping and effort consuming task. A perfect solution would be to have an ecosystem which provides these tools to everyone ranging from investors to cryptocurrency experts or people who are newly venturing into the crypto world in one giant platform and this is where POINTPAY comes in.

BLOCKCHAIN TECHNOLOGY:

Bitcoin was primarily created as a peer-to-peer system based on blockchain technology to avoid banks. Here, transactions take place directly between users without the need for an intermediary. Network nodes verify transactions and record them in a publicly distributed ledger called a blockchain. Since the system has no central repository/single administrator, Bitcoin is the first decentralized cryptocurrency in existence. Since then, other cryptocurrencies like Ripple, Monero, Lite coin, Ethereum, etc. have been introduced to the market.

Incumbents have always had their issues with disruptors. But the truth of the matter is, one must learn to change with the times; it is either innovate or perish. While it stands true that blockchain technology stands to wipe out a lion’s share of a bank’s income, banks should realize that they can leverage the power to blockchain to introduce new products and offerings that would replace old revenue streams. The world is turning digital, there are no two ways about it and like it or not, we are living in a digital matrix. “With that being said, PointPay has business contacts with more than 50 banks and 25 payment systems, as well as 20 lawyers who deal with issues of licensing crypto business.

WHY INVEST IN POINTPAY:

PointPay is starting the development of all-in-one cryptocurrency ecosystem, which will provide the ultimate convenience for our customers in accessing all cryptocurrency related services within one platform. We plan to launch an extended version of PointPay Crypto Wallet, extended version of PointPay Crypto Exchange and a fully licensed PointPay Crypto Bank. Several companies announced their plans to implement a similar vision, but none of them were able to fully execute on it so far. We hope to become the first company who will be able to successfully implement a fully licensed all-in-one solution for crypto and fiat currencies on the global market. It’s obvious that the PointPay ecosystem is on its way to making cryptocurrency experience worthwhile for everyone through the help of its products (PointPay wallet, PointPay cryptocurrency exchange, and PointPay crypto bank) which will not only cause a positive revolution in the cryptocurrency industry but will also undoubtedly rest in massive adoption of cryptocurrency globally.

POINTPAY CRYPTO BANK FEATURES:

v Low Fees

v Fast transfers worldwide

v No currency restrictions

v Virtual, debit and credit, fiat and cryptocurrency cards

v Cryptocurrency lending

v Crypto acquiring

v Online mobile banking

v Crypto Forex Trading

v Crypto deposits and credits.

POINTPAY CRYPTO EXCHANGE TRADING PLATFORM:

Buy, sell and exchange cryptocurrency with confidence. Convenient interface and helpful tutorials make trading easy whether you are a newbie or a pro.

· 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.

POINTPAY MULTI-CURRENCY WALLET:

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.

THE PROBLEMS FACING CRYPTO INDUSTRIES:

As promising and excellent as it seems, the cryptocurrency industry is being faced with some challenges which seriously hinders its general development. We shouldn’t forget the fact that the industry is still at its very early phases, and as such, serious development still needs to be done in order to make cryptocurrency a worldwide acceptable legal tender.

The biggest challenge being faced by this industry is the problem of volatility which tends to discourage several firms and businesses from accepting crypto-based payments. For example, a business firm accepted $500 in form of Ethereum from his/her client as a medium of transaction but unfortunately due to the highly volatile nature of cryptocurrency, he was able to get only $420 worth of fiat. This is due to the difficulties in getting his crypto converted into cash in the shortest possible time which made it very prone to cryptocurrency volatility and also probably due to high transaction charges during the conversion of cryptocurrency to fiat.

Another serious problem of this industry is the problem of security of cryptocurrency funds. Some cryptocurrency whales and enthusiast has been a victim of this circumstance which has resulted in a loss of millions of dollar worth of cryptocurrencies.

THE SOLUTION: POINTPAY PLATFORM:

The good news I have for you all today is the PointPay platform which is a platform that is determined to revolutionize the financial sector and cryptocurrency industry through its blockchain based ecosystem. PointPay has finally come up with a solution to end the nightmare of all cryptocurrency users through its platform. The solution includes the building of a closed loop ecosystem that consists of three working products which are PointPay cryptocurrency exchange, PointPay crypto bank and also PointPay multi-currency wallet.

POINTPAY TOKENS INFORMATION:

The PointPay token will be released on the basis of the Ethereum platform and fully complies with the ERC20 standard. This ensures transaction security, interoperability with other parties and provides seamless and easy integration.

Soft hat: 1,000,000 dollars

Hard cap: $ 30,000,000

Symbol: PXP (PointPay Token)

Total amount of deliveries: 500 000 000

Unsold tokens: to be destroyed

Retail price: 1 PXP = $ 0.10

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