The sweeping changes in payment technology fascinates me. This sterns from the increasing development of the mainstream method of payment (CRYPTOCURRENCY). Over the years since the inception of Bitcoin, we have had several other cryptocurrencies being unleashed into the crypto market, hence paving ways in the rise of technology in payment, which invariably revolutionises the financial ecosystem.
Why bitcoin, etherium, litecoin and other cryptocurrencies seem to be popular and becoming widely used and accepted by many, few understand the basic concepts behind the great innovations. Few knows how and what to do with their digital assets. Again, while some people have started investing in
Bitcoin (BTC) or other cryptocurrencies, very handful understands how these works,and
even fewer know how to use them to fulfill their promise as a means of exchange leaving unending and unanswerable questions in the mind of crypto enthusiasts or shall I say fanatics.
Frequently asked questions which bug users or lovers of these mainstream digital currencies are;
How feasible is it to send and receive funds from friends far or near?
Can my investments be mobile, easily carried out in a portable mobile and still remain secured?
Can the prospects of blockchain easily be unleashed in our real-live financial situations/activities? That is, can the promise of blockchain technology and the various cryptocurrency
offerings be harnessed and used in a practical way?Can the cryptocurrencies be used either online or offline to make purchase for goods and services?
Why these many questions seem glaring and difficult to answer, an outstanding and unique platform PAYGINE seem to come with better answers and solutions to profer to these questions. PAYGINE seems to me the game changer that has come to revolutionize the transaction, payment and open platform.
STATEMENT OF PROBLEMS
Despite the obvious technological advancements brought by cryptocurrencies through the blockchain technology, to ease the problems bequeathed by the traditional payment systems as such as:
Government regulations and controls
Problems with companies and some retails outlets not adopting the cryptocurrencies as a medium of payment for goods and services in their various outlets.
Lack of transparency.
High cost of transactions
Delayed transactions etc which seems to be an unending problem without a possible solution. But with the advent and development of paygine platform, a game changer, hence a lasting solution to these menace is certain and guaranteed by the PAYGINE.
WHAT IS PAYGINE?
Paygine is a financial platform designed to offer cryptocurrency-related services
to both individuals and businesses, allowing for easier, faster, and less expensive
currency transactions in a variety of usage scenarios. The Paygine platform has been designed in such a way as to to help consumers and businesses use cryptocurrency as simply and conveniently
as any other currency, in everyday life.
FEATURES OF PAYGINE
Paygine is a hybrid platform performing more than two in one purposes for businesses, users. While Paygine allows people to swiftly , easily, and securely:
Maintain wallets in both fiat currencies (USD, EUR, RMB, etc.) and
cryptocurrencies (BTC, ETH, etc.) with the ability to convert funds between them.Paygine allows individuals to be able to send and receive cryptocurrency to and from a bank card.
Pay in retail shops and online stores using their cryptocurrency.
Paygine platform allows easy access to make transfers with online and across nations worldwide irrespective of the race, tribe, country and nation.
For individuals, Paygine allows people to quickly, easily, and securely make transactions.
Another intriguing thing about paygine is that it maintain wallets in both fiat currencies (USD, EUR, RMB, etc.) and
cryptocurrencies (BTC, ETH, etc.) with the ability to convert funds between them.Paygine allows the sending and receiving of cryptocurrency to and from a bank card.
Paygine allows individuals to be able to purchase goods and services anywhere be it online, or offline and making transactions for purchased goods and services with the cryptocurrency as a medium of payment.
And for the business users,retails and companies, Paygine allows them to be able accept cryptocurrency as a means of
payment for goods and services at their place of business or online storefronts,
and then automatically convert those payments into the currency of their choice.
PAYGINE UNLEASHES ITS BLOCKCHAIN TO SOLVE THE PROBLEMS
Despite all these problems, an underlying platform becomes needed to eradicate the ugly situation. A platform which will allow users to access the full potential of cryptocurrencies as a store of value and medium of
exchange. Here, PAYGINE comes to play.
Paygine seeks to solve this problem by offering a universal open financial platform,
which will connect the worlds of cryptocurrency and traditional payment
instruments.Paygine intends to buy two banks in jurisdictions known to be hospitable
for companies working with cryptocurrencies: one in Europe and the in the Caribbean. This will allow Paygine to ensure the
stable operation of its financial platform around the world.Paygine platform will be built on Paygine’s existing financial platform and will take into cognizance the laws and regulations to work with cryptocurrencies in the jurisdiction
the the state/country where each of its branches/banks is located.
PAYGINE PLATFORM AND ITS FUNCTIONALITY
Open APIs: All the services rendered and made available on the paygine platform will be provided through its unified application programming nterface(API).
Cryptocurrency and Blockchain Technology: Paygine platform will be based on distributed ledger on the blockchain technology to provide secure, fast and easy transactions in the platform.
White Label Service: All the services on the Paygine platform will be based on the "white label" in such a way that it's services are sold to other individuals and companies for effective use.
The publics of Paygine are not far-fetched. They are:
Sharing economies or simply say Peer-to-peer aggregator platforms that integrate people to sell products
or provide services directly, without intermediaries (i.e., Airbnb, Avito, Uber,
Freelance.ru, etc.)Companies that create wallets and crypto-wallets.
Internet shops and Internet services;
Exchanges and trading platforms;
Fin-tech companies.
Project's Timeline
USEFUL LINKS:
Website: https://paygine.com/
Whitepaper:
https://paygine.com/assets/helpers/files/en.pdf
Ann thread:https://bitcointalk.org/index.php?topic=2916009
Telegram:https://t.me/paygine_official
Medium:https://medium.com/paygine
Author: Ritabell
Bitcontalk username: Lilianj
Bitcointalk url: https://bitcointalk.org/index.php?action=profile;u=2178566;sa=summary