PayAccept — A Complete Financial Eco System with a Vision for Future

In recent times, PayAccept and many Defi projects have become “hot” in the crypto community. The proof is that many investors have made attractive returns from these coins.

Today, let’s learn about PayAccept — the project is built on the decentralized finance platform for the masses.

What is PayAccept ?
PayAccept is a decentralized finance (DeFi) and blockchain technology company headquartered in the Netherlands that offers its client cryptocurrency and fiat payment processing, financing, loans, credit issuances, and risk management services.

You can find information about the PayAccept project at the following link:
Web: https://www.payaccept.net
Ann thread: https://bitcointalk.org/index.php?topic=5255787.0
Medium channel: https://medium.com/payaccept
Telegram : https://t.me/Payaccept

Watch the video below to know more about PayAccept

https://youtu.be/8WWnYi2o0no

What problem does PayAccept solve?
Today, thousands of smart contracts (self-executing contracts that run on Blockchain) have been deployed on the Ethereum Blockchain, ensuring Ethereum is worth more than 2.1 million ($ 420 million). Companies using Ethereum provide PayAccept with a huge potential user base to provide easy access to the PayAccept web wallet. We at PayAccept will enter the $ 250 billion market to provide new entrants with a full wallet management ecosystem for their crypto holdings as well as an ecosystem. new for old and established blockchain-based projects.

What is outstanding in the PayAccept ECO system?
The PayAccept ECO system has the following main features:

1. Pay Tokens
2. Pay Card
3. Pay Nodes
4. Pay Swap
5. Pay Of Sale (POS)

PayAccept’s vision and mission

Vision: PayAccept vision is to unbank the unbanked, and give everyone access to a financial platform.
Mission: PayAccept’s mission is to change how citizens of the world interact with blockchain technology and traditional finance by bringing digital wallet management to the masses. PayAccept is on a path towards un-banking millions of people worldwide while providing them with an alternative, trustless, and decentralized way to manage their money.

PayAccept provides a very clear mission & vision, PayAccept’s purpose is to make financial services more accessible and flexible for everyone. PayAccept will provide an easy management system for everyone in the world to manage and access financial services. PayAccept will make blockchain technology possible to be deployed in the financial industry to support all kinds of physical and digital payment systems at the same time.

PayAccept will integrate various types of traditional assets with crypto assets in a digital wallet. The digital wallet will support a variety of traditional and crypto assets, where PayAccept will offer cryptocurrencies that can be exchanged for fiat (USD, EUR, RUB, TRY) and provide grant atomic exchange functions to cryptocurrency. Certainly, this makes PayAccept the bridge between the world of traditional finance and blockchain technology.

PayAccept functionalities

• Trade fiat and cryptocurrencies through a single interface: The PayAccept network enables customers to freely exchange assets without worrying about the denomination. The payer and the recipient of any transaction can opt for the asset of their choice, so customers can pay in Bitcoin to an individual requesting Euros.
• Connect bank accounts: PayAccept users can link up to 3 bank accounts to their PayAccept Wallet.
• Analytical tools: Users can receive insights on their spendings and asset uses through smart analysis tools.
• Fund ownership: Users retain access to their wallet Private Keys and all funds are stored using cold storage methodology.
• Alerts: Notifications for all inbound and outbound transactions.
• Mobile PoS: Users can use the PayAccept application to become their own Point-of-Sale or Pay-of-Sale and unlock a new revenue stream on the go.
• Vast payment options: Users can handle their payments in over a thousand different cryptocurrencies and convert them into one. Any bill can be paid with any currency, crypto, or fiat through the PayAccept application. Need to convert gift cards or refillable cards directly into fiat or cryptocurrencies? We’ve got you covered.
• Joint business accounts: PayAccept users can enable virtual joint multi-asset accounts for business purposes and enjoy the security, transparency, and immutability that Blockchain technology offers.
• Global availability: PayAccept users can accept cryptocurrency payments from all over the world
• Easy set up for businesses: PayAccept provides payments buttons, a hosted checkout, and embeddable invoices for your website. PayAccept also works with countless plugins and integrations.
• Light and dark mode: Automatically adjusting light and dark mode interface.
• Price volatility shield: PayAccept shields you from the price volatility of Bitcoin and other cryptocurrencies. You get every dollar or euro of what you charge, minus 1%.
• Safe loans (DeFi functionality): One of our key points for fast growth is accepting non-cash capital immobilization payments. As a payment processor, PayAccept will have an advantage over banks because we collect live information about expecting incoming payments. Our AI-platform will facilitate if a business can have a loan and is able to payback. This provides PayAccept a healthy income whereby a maximum profit can be generated throughout the PayAccept platform.
• Establish a network of agents: In developing countries where infrastructures are not fully established (such as Africa and South America), we will offer retailers the ability to become agents for PayAccept to handle deposits and withdrawals. Each agent can open an account to facilitate this process.
• Payment cards: PayAccept will issue payment cards that can be used to pay in shops or withdraw funds from most ATMs around the world when cash is needed.

Orientation for the future of PayAccept

PayAccept will not come for a day, we are building a complete digital infrastructure that aims to increase adoption of crypto assets and provide access to financial instruments. blockchain-based and traditional mainstream for individuals, businesses, and those without banks.

In the next steps, we plan to implement a simple wallet management system and offer cryptocurrencies for fiat (USD, EUR, RUB, TRY) and stablecoins as well as atomic swaps for cryptocurrency (currently there are more than 2000 crypto assets of class and category types). For the transformation, we will use our partner, NEXT.exchange, a European Union-based cryptocurrency exchange established with its own powerful Multi-Functional Blockchain (Mainnet). I have an honest transaction philosophy. Our partners will be used to improve PayAccept’s liquidity over time.

We will also work to provide access to financial services based on blockchain protocols considered useful for companies and users. Such as DeFi function (decentralized finance), debt contracts and various exchange infrastructures. PayAccept users will be able to take advantage of the myriad financial services supported by Blockchain technology. End users will be able to exchange assets with the click of a button, create individual and unique assets, run a wallet service provider through the comfort of a refined interface while interacting. with decentralized protocols and digital assets with ease.

Basic Information about tokens PayAccept

• Ticker: PAY
• Blockchain: Ethereum
• Contract: 0x1Fe72034dA777ef22533eaa6Dd7cBE1D80bE50Fa
• Decimal: 18
• Token Standard: ERC20
• Token type: Utility Token
• Consensus: Proof of Stake
• Total Supply: 45M PAY
• Circulating Supply: ~ 1M PAY

Token Allocation

• Initial token offering on exchanges: 15,000,000
• Team Fund (key): 5,000,000
• Funds for listing, airdrop, bonus and marketing purposes: 5,000,000

Note: PAY 5 million group funds are locked until January, with the amount of 1,500,000 released slowly every six months.

Budget & Expenditure

• 30% Team and Market Management
• 30% development
• 25% Marketing & Awareness
• 15% reserve

Token Sales

• Crowdsale Address 0x1Fe72034dA777ef22533eaa6Dd7cBE1D80bE50Fa
• Token symbols: PAY or PAYT
• Pre-ICO: June 12, 2020 — July 1, 2020 (50% bonus)
• ICO: July 1, 2020 — September 1, 2020. Time could be extended!
• Token price (in ETH): 1 ETH = 1000 PAY
• Semi-public allocation: Can be cast on current supply
• Public inspection period: Not applicable, available directly after purchase
• Soft- or Hard-cap: soft cap is 1M PAY, hard cap over 15 million
• Token distribution: Instant
• IEOs To be announced, we are in touch with exchanges.

What is the Payaccept token (PAY) used for?

• Lower fees: Enjoy a discount on all transaction fees
• Pay ECOsystem: Priority access to new features and information
• Global VIP invitation: Participate in PAY’s forum and impact PayAccept strategy
• PAYnodes: Use PAY to deploy a PAYnode (more information to be provided)
• Crypto-Backed loans: Use PAY to unlock the savings & loan section
• Airdrop: Receive free airdrops for listed coins and tokens
• Discount: Deploy services on the PAY network with discount

PAY token utility will continue to be expanded as PayAccept grows. After receiving the EMI license, PAY will convert this token into a share in the company.

The wallet stores PayAccept (PAY) tokens
PayAccept(PAY) tokens is a ERC-20 message code so I recommend hosting it on ERC20 platforms.
In addition, brothers can also store PAY on standard wallets that support Ethereum like:

• Myetherwallet: Mycrypto, Metamask, Jaxx
• Hardware wallets: Ledger Nano S, Ledger NanoX, TreZor, imToken.
• Applications: Trust Wallet, Cobo Wallet, Atomic Wallet.

The exchange supports PayAccept (PAY) tokens

In September 2020, PAYT (PayAccept Token) will be listed on the following exchanges:

Achievements of PayAccept

• April 14th, 2020 Establishment of PayAccept and Stichting PayAccept
• April 22th, 2020 Launching the PAY token (ERC20) on the Ethereum blockchain
• May 2nd, 2020 Launching of the PayAccept website https://www.payaccept.net
• June 5th, 2020 PayAccept officially accepted as a EU brand name
• June 12th, 2020 Start of the pre-ICO tokensale

Competitors

In the market there exist renowned hardware wallets, Trezor, Ledger, namely. They are quite expensive and limited in the variety of cryptocurrencies that they can be used to manage. Additionally, they do not come with a seamless exchange function for cryptoassets, neither are they so easily accessible. One needs to have access to a hardware key, plug it in, install software for multisignature functionality, input pin codes, and confirm each transaction made. If the hardware key is lost together with recovery keys — all funds will be lost. Such cryptocurrency storage solutions can be good for companies to keep their assets highly secure, but these solutions are not so portable.

Finally, we have custodial solutions, such as Coinbase or wallets on centralized exchanges. These exchanges and custodians provide great user experiences, but most retain management of user private keys for themselves. Should such exchanges or custodians go bankrupt or fall, user funds will be lost. A great recent example of this is Cryptopia. To this day it’s liquidators are still struggling with reimbursing user funds.

The above is why PayAccept provides users with access to their private keys while keeping transactional records on the Blockchain. We want our customers to be in full control of their crypto assets while using our services. All of our wallets are encrypted, with data stored in a decentralized manner and private keys communicated to users through highly secured communication channels.

Review of PayAccept Project and Should You Invest in PayAccept Token (PAY)?

PayAccept is a Netherlands-based decentralized finance (DeFi) and blockchain technology company that provides clients with processing, financing, lending, credit issuance and risk management services by cryptocurrency and fiat payments. The founding team PayAccept already owns and operates a successful cryptocurrency exchange, a digital wallet, and a powerful blockchain. These products are operated under the brand names NEXT exchange, NEXT.coin and NEXT.chain.

More info NEXT Exchange:

Website: https://next.exchange

coinmarketcap: https://coinmarketcap.com/currencies/next-coin

Medium: https://medium.com/nextexchange

With a strong background and great potential and a team of experienced developers it will properly reflect the reality of the project so that you can invest in the PayAccept project will be up to you and your own opportunities, After this article about Blockchain-News PayAccept project we hope you will see the great potential and powerful of this project how.

Roadmap

• July 2020 ICO/IEO tokensale (can be extended)
• August 2020 Preparing EMI license with legal advisors (softcap-only)
• August 2020 Purchase of an existing bank (hardcap-only)
• September 2020 Official launch of wallet on the PayAccept website
• September 2020 Pre-registration for PayAccept Cards (Visa/Mastercard)
• September 2020 Connecting with third party exchanges for trading of assets
• September 2020 Start of integration with other financial institutes and banks
• October 2020 Launch of mobile wallet on iOS and Android
• October 2020 Launch own digital asset network with PayNodes
• October 2020 Deploying first payment terminals and cards to end users
• October 2020 PayAccept Integration with large merchants
• October 2020 Expanding with minimum 20 financial and digital assets (softcap)
• November 2020 Series A seed investment round
• December 2020 DeFi Borrowing and Lending Launch
• December 2020 Further worldwide expansion and services like Insurances

Note: The above months can change, since for some services a license is needed, and this can take longer than expected. Nevertheless, this is a global approximate timeline using which we are going to take the next steps.

Team, partners and Advisors

• Christiaan van Steenbergen | Founder & CEO: Serial Entrepreneur from 2003 in telecom, fintech, software development, and investment industry. Established over 15 enterprises and co-founder of NEXT.exchange and lead developer of the NEXT blockchain.
• Gleb Jout | Co-Founder & CSO: An entrepreneur with a strong business background and proven track record in management, communications, strategy, and leading diverse teams. Co-founder of NEXT.exchange.
• Johannes Tarquin | (CCO): Johannes can work accurately, reliably, and handle information with integrity.

Reviews of Products and Services

The most interesting thing is that PayAccept will become a Crypto Institution (EMI) where EMI will be a legally operational and licensed financial institution so that EMI will be fully recognized by the legal framework. As a cryptocurrency institution, PayAccept has many of the same innovative products and services as a traditional bank.

1.Digital wallet

What makes a wallet different from the rest?

PayAccept is developing a digital wallet for crypto assets and various technology solutions for people to send and receive payments in multiple currencies (cryptocurrencies) and fiat around the world. PayAccept will integrate cryptocurrencies and traditional assets into a digital wallet through a mobile application, PayAccept provides an easy way to manage all financial assets in the blockchain industry to People without a bank account can easily access digital financial assets and services. The application has an intuitive interface, 24/7 access, easy to use and protected by high security. In addition, the wallet also supports more than 50 cryptocurrencies and traditional assets

Cryptocurrency assets include:

1. Electronic money goods (Digital gold)
2. Cryptocurrency tokens (color money, Stablecoin)
3. Payment token
4. Token properties
5. Utility tokens
6. Electronic money

Traditional assets include:

1. Fiat money
2. Gift vouchers & gift cards
3. Stocks, bonds and derivative products

2.Pay Token

What is a Pay Token? what are the benefits and uses?

Pay token is the native token that has been issued by PayAccept, the Pay Token is built on the Etherum network. The Pay Token utility will have various functions and benefits in the PayAccept ecosystem, by having a Pay Token, users will get various benefits from PayAccept products and services such as Priority access to new features and information, getting discounts, receiving free Tokendrops, unlock the savings & loan section, lower transaction fees, and others.

3. PoS (Point of sale)

What is the Point of sale?

Point-of-Sales (POS) is a device or feature of PayAccept to make cryptocurrency can be implemented as a payment system, PayAccept will build partnerships with merchants such as retail outlets, restaurants, convenience stores, and various merchants around the world so that the entire community can use crypto assets to sell or buy any goods to meet daily needs.

The goal of Point Of Sales is to make cryptocurrency can be implemented as a payment system around the world, Just imagine, what do you think if the largest e-commerce platform like eBay or Amazon accepted cryptocurrency as a payment system.

4. PayCard

What is PayCard?

To support PayAccept features and services to be accepted in millions of locations around the world, PayAccept will build a partnership with a credit card giant Visa and will issue PayCard. PayAccept’s membership to a visa company also lays the foundation for a big potential in cryptocurrencies used to buy goods to meet daily needs. PayCards will be a brand of PayAccept. PayCards will be issued with a QR-code and integrated NFC chip which will be linked to the PayAccept payment terminal.

The issuance of a Credit/debit card that supports cryptocurrency is a great thing in the payment system. Just imagine on the PayAccept platform you can top up your credit card balance with cryptocurrency, you can fund your account without involving a bank or central authority, besides that you can withdraw your crypto balance into cash at any ATM around the world.

5. DeFi Adoption

What is Defi?

This is one of the important services on the financial institution. The savings and loan feature makes PayAccept function like a bank. As we know Defi is Decentralized Finance which is based on digital assets and smart contracts, finance, protocols, and decentralized applications (DApps) built on Ethereum.

PayAccept allows users to utilize their crypto assets by lending it to other users for interest. As a debtor, you can get a loan by using other crypto assets as collateral. For example, you can get a loan in Fiat or USDT by collateralizing another crypto asset such as Eth, BTC, or Pay Token.

Summary

Hopefully my last article has given you a better overview of the PayAccept project as well as the PAY token. That’s why I value PayAccept as the right choice for everyone’s investment. With PayAccept comes with an innovative solution for managing cryptocurrencies and traditional financial assets, PayAccept’s goal is to make financial services accessible and flexible for everyone. Besides, all of PayAccept’s products, features and services really make cryptocurrencies possible to be deployed as a worldwide payment system. Hopefully everyone should not miss an opportunity like this to quickly join this project to become a part of the PayAccept community globally.

As for you, what do you think about coin after this article? Please share your opinions in the comment section or join the discussion with 17k other brothers in the Blockchain-News community.

Best regards and see you again in the following articles.

For more information, visit:

Website: https://www.payaccept.net

Facebook: https://www.facebook.com/payaccept.net

Twitter: https://twitter.com/payaccept

Telegram: https://t.me/Payaccept

Linkedin: https://www.linkedin.com/company/payaccept

BitcoinTalk Announcement: https://bitcointalk.org/index.php?topic=5255787.0

Author

Name: tunaduong

LinkBTT: https: //bitcointalk.org/index.php? Action = profile; u = 2402029

Address: 0xe2986AfB2693c5C7Df082d9CA096927CaC864b55