INTRODUCTION:
PayAccept is a Blockchain technology company headquartered in the Netherlands that combines traditional and Decentralized Finance (DeFi) to offer its clients access to cryptocurrency and fiat management, crypto-lending, card issuances, and risk management services. In 2008, Bitcoin became the first peer-to-peer electronic cash system allowing online payments without the need for an institution. The underlying technology of Bitcoin is the blockchain, a decentralized, distributed, and public ledger that records all the transactions of a network. Since then, various projects leveraging blockchain technology emerged. Ethereum, as an example, is a decentralized world computer. It enables any developer in the world to run code on it with the assurance that it will run, and that the code is censorship proof. For such blockchain networks to execute accordingly, incentives have been built-in and internal currencies put to use. These currencies are referred to as cryptocurrencies. On top of those networks, entrepreneurs leverage blockchain technology to build decentralized applications.
The Crypto Ecosystem
The cryptocurrency ecosystem is booming in terms of technicals and fundamentals. The major 20,000$ Bitcoin price rally of 2017 attracted traders, investors, and speculators, as well as many developers from across the world that are now shaping the economy of tomorrow. Since 2017 over 1000 companies have held ICO’s, raising billions to provide the world with Blockchain-based technological solutions. The majority of entities that hold cryptocurrencies today are traders, exchanges, investors, crypto-funds, miners, and cryptocurrency-based projects. We believe that most companies will need to own cryptocurrencies as an alternative form of currency in the near future. The potential of the market was glimpsed by the world during late 2017 when the Blockchain market capitalization reached near 800B$.
PayAccept problems
Individuals typically join the Blockchain economy through the use of cryptocurrency trading platforms and cryptocurrency wallets. However, one must have access to a password, namely, a private key(s) that would enable one to engage in transactions in digital infrastructure. Private keys are a complex combination of different characters that are difficult to memorize and act as an integral aspect of cryptocurrency ownership and management. Essentially, cryptocurrency wallets are elements of the Blockchain economy and its underlying digital infrastructure that were designed for the sole purpose of allowing individuals to easily access, manage, and transact in cryptoassets while remaining in full custody of funds without having to become a full node on a Blockchain network or rely on an intermediary for private key and asset storage.
Can PayAccept remedy the above?
Stemming from the pain points above, we built PayAccept, a simple cryptocurrency management application for people around the world in order to tackle the above issues. PayAccept will provide an interface that is intuitively easy to understand and through which users will be able to transfer and receive a multitude of cryptocurrencies meanwhile delegating responsibilities within teams if needed while remaining in full custody of funds and protected from cyber-attacks. PayAccept is being built with the mass adoption of cryptocurrencies in mind.
Who are our competitors?
It is imperative to stay in-sync with the market and remain aware of our competitors and alternatives.
We view the market as being rather splintered at the moment. There are quite a lot of Blockchains with individual applications that provide access to their own cryptocurrencies, many of which have unique applications and uses. It is a challenge for new market entrants and normal users to maintain and manage an individual asset for each application and so on. Many cryptocurrencies become outdated, irrelevant, or do not ‘operate’ properly after some time. We feel that the market and its existing participants (individuals and business entities) are in need of a one-stop place wherein cryptoassets can be managed through an intuitive wallet management system together with fund insurance and responsibility delegation.
What is PayAccept going to do today and tomorrow
PayAccept will not emerge in a single day, we are building out a complete digital infrastructure aimed towards strengthening the mass adoption of crypto assets and provide access to traditional and blockchain-based financial instruments for individuals, businesses, and the unbanked
FOR Further CLEARIFICATION Visit
Website: https://www.payaccept.net/
Whitepaper: https://www.payaccept.net/
Facebook: https://www.facebook.com/payaccept.net/
Twitter: https://www.twitter.com/payaccept
Telegram: https://www.payaccept.net/
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