Where the present-day banks fall short, the blockchain technology fills in. And where the other financial blockchain platforms lack, Paygine provides.
Of the 40 billion mobile users in the world, more than half are unbanked. This alarmingly large underserved community is an untapped market potential which could’ve helped not only the end users themselves but also the economy.
Yet, of those served by banks, problems such as high transactions costs, heavy administrative requirements, and complex processes continue to haunt them. Add to that, there lurks the possibility for governments to rule over the bank operations and financial policies differ across countries. Lastly and most importantly, banks transactions are handled by a single business entity which makes the industry rather opaque, or in short, less transparent to the clients. This setup is highly consequential for businesses, especially the smaller ones.
Because of these problems, people have gradually turned to the cryptocurrency market, which is based on the blockchain technology. The popularity of blockchain is a telltale sign that the public’s trust in this digital technological breakthrough has increased over time, so much that they entrust their financial assets to a platform and invest in their ICOs.
But then again, not all blockchain platforms are customer-centric. Although the developer’s intention is noble and equally disruptive, there are factors that prevent them from fulfilling their vision. Here, Paygine stands out because its backbone technology has already existed for 6 years and counting. Plus, instead of selling personal wallets to customers, what it does is to provide white labels to make their own wallets and custom-fit their systems. This makes Paygine an ultimate open financial engine.
How Paygine Differs from Other Financial Platforms
Paygine is an Ethereum-based financial engine that truly defines the promise of easy, affordable, and fast money transfer. It is point of convergence between its clients (individuals and businesses) and its partner financial providers, internet shops, and financial technology companies. It does so by using APIs or Applicant Programming Interface that enable their customers to create their wallets under their own brands. Other than this unique product, Paygine also offers the following features to clients:
First, Paygine uses simple language that is easy to understand to a layman. It simplifies complicated concepts to elementary explanations which are easier to digest, unlike other platforms. In this way, Paygine is offering genuinely serving the unbanked market which can include less educated yet highly adaptable consumers.
Second, Paygine accepts almost all cryptocurrencies and fiat currencies, thus enabling users to efficiently convert from one token to another, one fiat currency to another, or from token to fiat currency. In doing so, it partners directly with local banks in order to seamlessly convert tokens to dollars, euros, or any other fiat currency preferred by users.
Third, it allows issuance of cards that enable users to avail goods and services with the tokens they have in their e-wallets. These e-wallets, of course, accept a wide range of tokens and fiat currencies. Because of this mechanism, Paygine is able to resolve what is considered a burden for many cryptocurrency holders – exchanging digital assets to physical assets.
Fourth, Paygine also allows peer-to-peer transfer which is beneficial to freelancers and small-time entrepreneurs who have clients abroad. Remember that different countries have different financial rules that sometimes clash. This becomes a bottleneck and hinders full expansion of business. Thankfully, the cryptocurrencies like Ethereum are borderless and reasonably lower in terms of transaction costs. Not to mention that Paygine is also capable of electronic invoicing.
Fifth and last, Paygine has the competitive advantage of having a tried-and-tested mother financial system that exists in the physical world – the Pay Engine Limited. It is known that starting a financial business is a complicated endeavor. Many finance-related blockchain applications fail because of networking concerns or noncompliance. Meanwhile, Paygine is owned by a firm that has been in the industry for more than half a decade. In fact, Pay Engine Limited already has established a brand called Best2Pay Transfer, a facility for loan repayments, that generates an over $18-billion portfolio in serviced loans and a total of about 1.5 million serviced clients every month. In terms of monthly transaction worth, it averages $115 million per month. The system highlighted speed and simplicity, safety and security (including compliance with international security requirements), and cost efficiency. It is exactly these very same principles that the Paygine blockchain platform will be built with added features. Surely, the Best2Pay proven operations will help the Pay Engine Limited’s new venture, Paygine, achieve success.
Token Sale
The Paygine coin (PGC) is used to avail of the services within the platform. Every purchase earns 10 to 30% discount. PGC is available through ICO purchase. Details of the sale are as follows:
Ticker: PGC
Price: 1 PGC = 1 USD
Available Supply for Presale: 1,218,000
Available Supply for ICO: 30,000,000
Bonuses: 10 to 30% depending on the timing and investment size
Get the latest details and in-depth information of this ICO and platform through their whitepaper, website and official social media pages here:
Whitepaper: https://paygine.com/assets/helpers/files/en.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=2916009.0
Website: https://paygine.com/
Telegram: https://t.me/paygine_official
Twitter: https://twitter.com/paygine
Facebook: https://www.facebook.com/paygine/
Instagram: https://www.instagram.com/paygine_platform/
Medium: https://medium.com/paygine
Youtube: https://www.youtube.com/channel/UCgNWuzUVd-Tn8_envSSjRUw
Written by: Banelocke
Bitcointalk User Profile: https://bitcointalk.org/index.php?action=profile;u=2052416