PAYACCEPT: Decentralized finance and blockchain based financial institution serving both the unbanked and integrating the best of both worlds with their innovative platform in a global scale.

Good morning everyone! This is your host again, Mr. Decentralized! Today let me talk about one of the hottest projects around and supported by the ones who created NEXT.exchange. It is called Payaccept. This is a revolutionary blockchain project that currencies both fiat and cryptocurrencies can be received and sent in seconds, as well as its confirmation, is swift as well! Wallets and other technological advancements are in place and I will talk about all of it here on our article post for today.

Payaccept's Motto: Worldwide payments in seconds.

--> When they have this statement on their website, the Payaccept team and developers and community mean it. Why? Because they know the importance of fast transactions whether it be trading or investing because every second count especially in trading! When investing, you also wanted to get the best rates when exchanging from one cryptocurrency to another. Or purchasing crypto with your credit cards or debit cards in seconds. Payaccept got your back! Let me talk about each competitive advantage and feature of Payaccept against its competitors. Buckle up and you will enjoy this!

Let me show you the infographic of the PAYACCEPT ecosystem here where I will explain one by one:
Source image: https://www.payaccept.net/

COMPETITIVE ADVANTAGES AND FEATURES OF PAYACCEPT

A. Support of multi-cryptocurrencies in the Payaccept wallet--> One of the competitive advantages of Payaccept wallet and its infrastructure in taking care of the cryptocurrencies you own is that they are giving you the full ownership of your wallets by giving you all the private keys in a non-custodial manner! What that means is that you as the owner of the account and wallets in your Payaccept decentralized app or dapp, your private keys are being generated offline from your mobile phone. Making it no risk at all when you are securing the private keys of your wallets. Amazing right? The cold storage and the private key generation in

B. Sleek and clean easy to use and user-friendly graphical user interface--> With the DEXes and Centralized exchanges keep on competing with each other about what are their advantages with each other, Payaccept took all the advantages of both exchanges and makes it into one platform like this.
Below is the screenshot of the wallet and exchange of Payaccept as a prototype. More features will be in here!

C. PAY Tokens--> PAY is the ticker name and the native token of the Payaccept network. From exchanges to wallet distribution, PAY tokens are the ones that makes the Payaccept ecosystem move around globally. With the recent pandemic outbreak, we people are encouraged to have a medium of exchange wherein there is no physical fiat money to be given to one another; From merchant to customer and vice versa. Cryptocurrencies today boom the so-called DEFI or decentralized finance. This makes it capture the eye of governments itself and other people who wanted to have freedom against censorship and other forms of non-governance of your own money.

Let me talk about the utility aspect of the PAY tokens as mentioned by the PAY team. Let me break it down to you one by one. But before that, I want you to watch the primer video from the Payaccept ecosystem here:

Alright, now that you know how Payaccept works, let us proceed with the utility usage of PAYT.

a. Lower fees--> After seeing that PAY token holders can obtain fees in such a decentralized way as of holding more PAY tokens means having lower fees as governed by the token itself. If you are exchanging or buying and selling coins or sending cryptos to other people, PAY got your back by subsidizing the fees because of like having a discount because you have PAY tokens on your wallet.

b. Global VIP invitation--> When we talk about exclusive privileges, the PAY team means it. Being one of the large bag holders of the PAY token, you will know that the team considers you as one of the shareholders of the company PAY. Not only that, but they do also check the loyalty of each individual address to know who will have new insider information for profit and opportunities that knock on the door of the big bag holder of PAY.

c. PAY Nodes--> I know most of you know master nodes. These are large pooled PAY owned by an individual or people wherein they are the one validating the transactions inside the Payaccept blockchain. They are the ones making sure they are making the network secure. They are like supercomputer clouds that hold the transactions so that everything will be verified and no double-spending will happen. More information will be given in the later part of the announcements. A certain amount of PAY is needed to be a node. By being a node, you will also earn block rewards that are paid in PAY because of the payment fees going on the PAY system.

d. DEFI crypto-backed loans--> This is the beauty of DEFI. IF you do have PAY and you think that there is an opportunity of arbitrage or trading, you can swap the PAY to other tokens such as ethereum to be able to trade to other cryptos. Overcollateralization makes sure that the loan amount does not exceed the collateral in case the debtor defaults on their loans. Giving profit again to holders of PAY.

e. Airdrops--> I love airdrops. Who doesn't? With the right team and time of development, the time that you have to spend on signing up will not go to waste once the project blooms and fulfill their promises in their project. With partnerships on the crypto space and NEXT.exchange owner also is the main team of PAY, for sure there will be IEOs, staking, and airdrop opportunities for PAY holders' wallets.

f. Staking--> This is for medium to above average holders of PAY tokens to earn and mint new PAY tokens as rewards by securing the PAY network and participate in the validation of the transactions running in a decentralized manner. This is a passive income for investors who wanted to park their extra money and get a great APR % higher than your bank's time deposits. I recommend staking because this is a sure win. Even you are sleeping, you can get a percentage of the fees in the network.

g. Conversion to a public share of the PAYACCEPT COMPANY--> I could not emphasize this more. With you holding and keeping the PAY tokens whether be it as a node or staking, there will come a time that as per the team of PAY, once they have an EMI license, they will be able to ask the token holders if they wanted to keep on staking or making it a public share of the company. Amazing right!

This is the TOKENOMICS OF PAYACCEPT in an infographic:

Credit: https://www.payaccept.net/pay-token

This is the contract of PayAccept: https://etherscan.io/token/0x1Fe72034dA777ef22533eaa6Dd7cBE1D80bE50Fa

Then for the exchanges listing, they are quite advance because great people make it happen quickly!

Let us proceed to the next circle in the ecosystem.

PAYACCEPT PAY CARD

---> The Payaccept card is one of the flagships of the PAY ecosystem. This VISA powered card lets you spend your crypto without withdrawing it from your cold wallet because it is linked to it once you configured it! Making it easier to handle your finances in crypto. You can use it for purchases and have cashback in your PAY card. You can also use it worldwide until people and establishments will have the necessary infrastructures for a seamless cryptocurrency receive and send booths or kiosks. You can also convert your fiat into crypto with this PAY card! Just reload it first from your digital source of funds and then once linked, you can convert it to crypto and put it into your wallet as a cold storage.

PAYACCEPT'S PAY OF SALE system

---> This PAY-OF-SALE of Payaccept which is the POINT-OF-SALE in layman's term, this is something wherein as a participating merchant of Payaccept, you can accept the different cryptocurrencies that are being supported by the Payaccept and NEXT.exchange as well! This is in-tandem with the PAY card.
If you are a merchant or a customer, you can easily spot a Payaccept person or teller if they have the PAY of sale machine on their counter. Just swipe your VISA card much more the PAY Card! As a merchant, the Payaccept guarantees you to be free of any volatility of any crypto being sent to your store because it is protected and is converted quickly in the market price. Bank transfers as per the PAY team were accepted as well without hassles!

The Payaccept is also about to sync with Raiden network that is like a hybrid of Centralized exchanges with the security and private key control with the decentralized exchange. Therefore, no slippage can happen and you will get the price what really is in the market itself.

ROADMAP

As seen in the roadmap guys, the PAYACCEPT will be on the verge of positive vibes and news lying around! It is a sign that you need to be in sync and got some bags as well for your portfolio! The token sale for the early stages got ended and sold out! I am quite sure for the IEO and others will be where the fun starts. So do not miss out! This is supported by NEXT exchange as well who the owner of PAY and NEXT are one. Both will be successful I am telling you.

PAYACCEPT'S BIGTIME TEAM

Thank you so much guys for reading my post about Payaccept. This has a big potential in terms of Defi, exchange and use-case for the financial industry and consumerism. For more details and information, you may visit their website, check the white paper and their social media channels here!

Website: https://www.payaccept.net/

White paper: https://medium.com/payaccept/payaccept-whitepaper-1-0-20cfdb950480

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

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

Telegram: https://t.me/payaccept

Twitter: https://twitter.com/payaccept

Github: https://github.com/payaccept

BTT profile: https://bitcointalk.org/index.php?topic=5255787.0

About the author:

BTT profile: https://bitcointalk.org/index.php?action=profile;u=1165929

Proof of authentication link: https://bitcointalk.org/index.php?topic=5255787.msg54901050#msg54901050