Making payments for products and services has become easier and better with cryptocurrencies in play, as it simplifies transactions, creating the possibility for anyone to transact from anywhere in the world, without any form of restrictions.
It is definitely a big boost for the global financial system and is considered an upgrade from the inefficient use of fiat currencies in transactions, which could be flawed and is unable to facilitate cross-border transactions.
Nearly everyone is diving into the cryptocurrency industry as they could enjoy all the benefits which it brings to the table, as it has the capability of improving their performance as well as increasing their profits.
To meet the needs of the global population who are looking to leverage the cryptocurrency, varieties of cryptocurrency platforms have emerged, majority of which are centralized.
The centralization of these systems makes it difficult for users to enjoy its full perks as there are numerous setbacks associated with it.
Some of these challenges are...
Inability to facilitate easy receipt and issuance of payment on their system.
The absence of efficient performance due to the lack of sophisticated tools.
Security threats which result from its centralized structure, due to the fact that user's funds are often stored on the system.
Limited number of crypto coins, restricting the users operations to just a few digital assets.
All of these and a whole lot more makes these cryptocurrency management systems unfit to drive the seamless use and global adoption of cryptocurrencies.
PAYACCEPT CRYPTOCURRENCY MANAGEMENT PLATFORM
In recognition of the need to have a functioning and efficient cryptocurrency management platform, the PayAccept platform was created as a Blockchain-based cryptocurrency platform, that will give unrestricted access to the benefits of cryptocurrencies, to its users.
PayAccept facilitates the easy use of digital currencies in carrying out one financial operation or the other, such as payment or even lending and borrowing.
It uses the improved Blockchain technology, to make sure that every operation it carries out in the quest to make the use of cryptocurrency more convenient to users, is efficient.
PayAccept is unique and entirely different from the centralized systems mentioned above, and so they have provided solutions to the challenges which users face on the regular systems.
WORKING CONCEPT OF THE PAYACCEPT PLATFORM
PayAccept has created an easy to use application, with which users can carry out digital payments with cryptocurrencies, at a great speed and reduced cost, with the backing of the Blockchain technology to maintain security, and lucidity of transactions.
Firstly, making transactions will be easy and stressless for users, as the PayAccept platform has bridged the gap between the cryptocurrency industry and the traditional system where fiat is in use.
It makes it possible for anyone to purchase cryptocurrencies even with fiat currency by linking the bank account to the PayAccept system, through which they can either purchase crypto or withdraw fiat.
This way, nearly everyone either the banked or the unbanked population, has access to cryptocurrency.
UNIQUE ATTRIBUTES OF PAYACCEPT
To maintain security of user's funds, the PayAccept platform has made available a cryptocurrency wallet which is programmed to be fully secured for the storage of user's assets, away from the grasp of hackers.
The unique thing about the PayAccept platform is that it gives its users the liberty of controlling their funds and so it has designed its wallet to generate private keys for the users, which is unique and is only known by them, this way they can take full control of the assets stored therein.
PayAccept allows for the seamless transactions in varieties of cryptocurrencies as it supports a whole lot of them, giving back the choice to its users, so as to help them transact in any crypto they wish to.
This is an exact opposite of other crypto systems where users are forced to transact with just a few numbers of coins made supported by the system.
For those who need to borrow funds, the PayAccept platform through the help of its advanced technologies is able to access the risk to determine if the loan should be given, and then issues loans to those who qualify.
To make the use of crypto very easy, it will even issue out cards which will give them access to their funds anywhere, anytime.
PayAccept has even patterned up with the NEXT.exchange, one of the improved cryptocurrency exchange platforms, so that users can have everything they need to enjoy the cryptocurrency industry.
ABOUT THE TOKEN
The ERC-20 based PAY token is the currency minted by the PayAccept platform on the Ethereum Blockchain, and it plays a significant role in the functioning of the system.
The PAY utility token gives users access to the perks on the PayAccept platform such as reduced fees for transactions, deploy nodes and even get loans as well as other discounts on the system.
CONCLUSION
PayAccept will certainly facilitate the global adoption of cryptocurrencies, as it has eliminated the pains of carrying out crypto transactions on centralized systems, providing tools which make transactions to be more secure and reliable.
With the help of the PayAccept platform, the global users are about to have a great experience in the cryptocurrency industry, and the benefits of this digital assets will be opened to all.
USEFUL LINKS
Website: https://www.payaccept.net/
Telegram: https://t.me/payaccept
Twitter: https://www.twitter.com/payaccept
Btt Bounty Thread: https://bitcointalk.org/index.php?topic=5255787.0
AUTHOR
Bitcointalk Username: Intertek
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2760026;sa=summary