About PayPro
PayPro is a financial marketplace where any Decentralized Application (dApp) will be able to offer its services. Thus, dApps will be competing among them to become your supplier, not the other way around as with banks. The key feature of PayPro is that it has brought decentralization to a new level; our marketplace is not decentralized only at a technical level but also at a strategic level. This is why we like to call it the UBER of banking.
PayPro is a decentralized bank made for dealing with a new eco-system where value is represented in new forms thanks to Smart Contracts. Thus, PayPro is a decentralized financial-marketplace where any dApps can post its services. We are also developing a Wallet where users will be able to store crypto-currencies and any token received from the marketplace by using smart contracts.
After we have built PayPro, a user will be capable of storing ETH, BTC or GAS, for instance, and use the marketplace for investing in a crowdfunding platform, for instance. Likewise, the shares received from that investment in the form of tokens, will be also stored at PayPro. As a result of that, all the crypto-assets and liabilities of an individual will be represented in PayPro.
PayPro App ICO
PayPro is an upcoming ICO that provides a platform for all financial applications. The platform is based on blockchain technology and supports its own digital tokens PYP as its based currency. PayPro itself doesn’t offer any services or products, rather it serves as a platform where different decentralized financial apps can compete with one another to become the user’s preferred choice.
Concept
We are living in an era of information technology where everything needs to be done systematically. In other words, technology has led us to organize and carry out our routines tasks using more reliable centralized systems. For instance, let’s take an example of a conventional bank. Transactions initiated by users are processed after meeting certain requirements including authentication and verification and may take several days to complete. Sometimes users are not allowed to undergo transactions exceeding a certain amount.
PayPro App has worked out a solution to bring a decentralized marketplace where all financial based institutions, be they are banks, exchanges or other relevant entities can provide their users a more reliable, transparent and efficient way to conduct their transactions. Unlike traditional banking system, PayPro is kind of a decentralized bank that provides a marketplace for various decentralized financial apps to offer their services without involving intermediaries to play any role or become an obstacle in processing transactions. Users are free to make transactions without any limits or obstacles using PYP tokens.
How Does PayPro App Work?
Users need to download PayPro app available at Google App Store. After downloading it, users can store their cryptocurrencies in it. With the help of smart contracts, users can buy a new car, rent a home, and offer services etc. without needing to pay to any third party a commission. Users can also rate the app after utilizing its services so other users can also get to know whether the app is worthwhile or not. All transactions are settled in PayPro system using PYP tokens.
Earn PayPro App Tokens
Normally people car earn PayPro App tokens by participating in the launch of the ICO or by subscribing the pre-sale phase of the ICO. However, as per available information, the ICO’s pre-sale has already been concluded and now people who have subscribed the whitelist of the ICO will only be able to buy PayPro App tokens on the ICO launch. This is quite unusual, but this is what we have read on the official website of the ICO.
Buy PayPro App Tokens With E-Wallet
PayPro itself is an e-wallet where you can store all of your cryptocurrencies. It acts both as an e-wallet and marketplace where all transactions are carried out using the ICO’s digital tokens. Users just need to download it on their supported devices. As mentioned above, the supported app of the Paypro is available at Google’s App store.
The Problem
The main problem with traditional banks, as shown during the world recession on 2007-08, is that due to the fact that they hold all the information, users can not take objetive decisions. For this reason, it is commonly said that the centre of the relationship with banks is not the client but the bank itself.
Whereas it is true that there is an increasing number of so-called neo-banks, either built on blockchain or over APIs, they still have not managed to avoid the main problem with banks; centralization of services. Any form of centralization will always diminish the services offered as the supplier will always have more information than the market.
Solution
Therefore, we have created a financial marketplace where any dApp can offer its financial services and any user can both use them and rate them. This rating system will be the master piece as it will provide with:
- Transparency : every user will be encouraged to rate a dApp after using it. This way the user will contribute to offer a rating so any other user willing to use the dApp will know whether it complies with his expectations or not.
- Loyalty : users will be rewarded for rating dApps.
- Enhanced competition: suppliers contributing to the marketplace by offering their services can generate a second source of income thanks to our rating system. This way we aim at getting on board the more dApps as possible; the more dApps in the marketplace, the more competition, which will ultimately force suppliers to struggle on the quality of their services.
- Improved services : the system is made so ratings go down through time and hence, dApps are forced to keep high ratings at all times.
For more information, please visit :
.
My profile :
https://bitcointalk.org/index.php?action=profile;u=1418675
ETH address :
0xA6460C4FF0A704E20148f18031d19AFA4aa0edF9