BPAY.IO — Payment Processing For Web 3.0 Era "Any Place, Any Time"

Bpay.io is an instrument which allows accepting, withdrawing and keeping track of funds in various trading transactions (offline, online). Trading transactions can be conducted between both classic traders (buyer-seller) and within the scope of virtual platforms (e-shops, online services, stock exchange, exchange offices, etc.)

The service is based on the principle of payment aggregation, ensuring the account and exchange of all possible digital assets as a payment method with subsequent conversion (or without, as preferred by the seller) into local currency or transferring to one’s bank account.

Example of a trading transaction: the online retailer MediaMarkt supports only cash payments and credit cards Visa/MasterCard. By integrating the Bpay.io system plagin MediaMarkt will be able to accept cryptocurrencies through the web site, meaning instant payments in local currency transferred immediately to the company’s bank account.

FEATURES

Bpay.io is designed to support as many digital currencies as possible, realizing their internal translation into the currency, which the main seller wants to accept as his/her basic currency.

If, for example, the seller selects EUR as the basic currency on his/her internal account, when the client pays for the goods or services in Ethereum/ Bitcoin/etc, the seller receives the payments in EUR with a possibility of further transfer to his/her bank account.

One of the long-term objectives of Bpay.io apart from serving a payment gateway in the virtual environment is integration into offline economy. As the most relevant analogues we can mention Square (https://squareup.com) – a project that offers offline sales outlets a simple mechanism of accepting and accounting digital currencies as a payment method.

BENEFITS FOR THE SELLER

With regard to the speed of development of cryptocurrencies we should keep in mind that the international community is at the dawn of its formation, so it’s quite possible that digital assets which will become widespread and common are yet to be invented.

According to the data provided by Coinmarketcap (https://coinmarketcap.com) at the moment when the White paper was written about a thousand types of digital coins were already there. According to analytic calculations of Bpay.io experts about 3000 varieties of digital assets will be circulating in the market by 2020. We should keep in mind that each of these technologies will have its own protocol and hence a wallet to be associated with.

It’s hard to imagine an e-store operator, online game developer or a coffee shop employee operating such extensive software to maximally engage financially reliable audience.

So the main advantage of Bpay.io is associated with the “single window” concept, assuming the seller’s interaction with any other blockchain protocols.
By using Bpay.io the seller can engage a wide financially reliable audience to his/her products or services, at that receiving payments on his/her account in the preferred currency, which is ultimately stipulated by the legislation.

BENEFITS FOR THE BUYER

• Anonymity and secrecy of the basic wallet used by the buyer

• Transactions guaranteed by moneyback in case of not receiving services/products (Bpay.io appears as a backer of the transaction up to the moment when the funds are sent to the seller’s account)

• Using the preferred cryptocurrency without the need of acting as a “promoter” of the currency for the seller.

MARKET VALUATION OF THE BUY TOKEN

Bpay.io has a huge potential for the product both for the online and offline commercial markets.
Taking into consideration the active dynamics of market growth within digital currency assets, we are strongly convinced that many companies would already be interested to use the Bpay.io as an alternative or additional payment method.

Given that the functionality of the Bpay.io system is impossible without the BUY token, we anticipate high demand for the mentioned token in the process of Bpay.io business expansion. This interest is explained by a number of purposes of the token.

• In order to connect to Bpay.io the seller has to possess a certain amount of tokens at once;
• Tokens are used for paying transaction fees

As a result, any functioning business is always interested in the presence and acquisition of a certain number of BUY tokens in its private cabinet, to cover transaction expenses and allowing the Bpay.io system to function within the framework of the business.
The usage and exchange of the BUY token within the internal and foreign exchange markets will ensure the liquidity and interchangeability with popular digital currencies.

The BUY token prices are based on certain estimations presented below: