PayAccept

a bridge between the world of traditional finance and blockchain technology 

The PayAccept project is set up to overcome the problem of interaction between Blockchain Tech, traditional Finance and large people, thus creating a Digital Wallet for easy use and high security protocols. This will help the majority in un-banking more than thousands of people thus giving them alternative and decentralized fund management methods

This concept has been able to do many things for its successful development. This is the latest news. Now we have a great opportunity to join this and start earning liabilities on investments in the cryptocurrency project.

The cryptocurrency ecosystem is growing rapidly in technical and fundamental terms. The main $ 20,000 Bitcoin rally price in 2017 attracted traders, investors and speculators, as well as many developers from around the world who are now shaping the economy of the future. Since 2017 more than 1000 companies have organized ICOs, increasing billions to provide blockchain-based technology solutions to the world. The majority of entities that hold cryptocurrency today are traders, exchanges, investors, crypto funds, miners, and cryptocurrency-based projects. We believe that most companies need to have cryptocurrency as an alternative form of currency in the near future. The potential market was glimpsed by the world during the end of 2017 when the Blockchain market capitalization reached nearly $ 800B. Not many of the thousands of ICO companies have survived the last two and a half years of the strong crypto bear market and global economic recession. We at PayAccept will target the strongest and proven projects for invitations to the PayAccept platform.

At present, thousands of smart contracts (independent contracts executed on Blockchain) have been used on Ethereum Blockchain, which secures Ethereum worth more than 2.1M ($ 420M). Companies that use Ethereum provide PayAccept with a large potential user base to provide easy access to the PayAccept web wallet. We at PayAccept will enter a market worth more than $ 250 billion to give newcomers a full wallet management ecosystem for their cryptocurrency ownership and a new ecosystem for old and established blockchain-based projects.

Vision and mission

More and more banks are stepping into digital finance and blockchain technology. However, one must provide a way to manage all assets in the blockchain industry through an easy-to-use interface where anyone in the world, even those without bank accounts, can have 24/7 access to their assets and digital financial services.

PayAccept will act as a bridge between the world of traditional finance and disruptive new blockchain technology. We expect mass adoption of PayAccept by 2025. PayAccept will become an Electronic Money Institution to intensify its pursuit of mass adoption. Through this, PayAccept can successfully connect itself to the Blockchain economy which is currently more than $ 250 billion and bridges with traditional financial markets.

From a business perspective, we want to connect all world organizations to digital banking supported by Blockchain technology using the PayAccept mobile application that is easy to connect and easy to use and physical Point of Sale (PoS) devices that can be connected by businesses around the world. to and process credit card and cryptocurrency payments.

PayAccept functionality

• Trade fiat and cryptocurrency through one interface:  The PayAccept network allows customers to freely exchange assets without worrying about these denominations. Payers and recipients of any transaction can choose their chosen assets, so customers can pay in Bitcoin to individuals who ask for Euros.
• Link bank accounts:  PayAccept users can link up to 3 bank accounts to their PayAccept Wallet.
• Analytic tools:  Users can receive insights about spending and use of their assets through smart analysis tools.
• Fund ownership:  Users maintain access to their wallet, Private Keys and all funds are stored using the cold storage methodology.
• Alerts:  Notifications for all incoming and outgoing transactions.
• Mobile PoS:  Users can use the PayAccept application to become their own Point-of-Sale or Pay-of-Sale and unlock new revenue streams while on the go.
• Extensive payment options:  Users can handle their payments in more than one thousand different cryptocurrency and convert it to one. Any bill can be paid in any currency, crypto, or fiat through the PayAccept application. Need to convert gift cards or refill cards directly into fiat or cryptocurrency? We help you.
• Combined business accounts:  PayAccept users can activate multi-asset virtual shared accounts for business purposes and enjoy the security, transparency and powerlessness that Blockchain technology offers.
• Global availability:  PayAccept users can receive cryptocurrency payments from around the world
• Easy setup  for business:  PayAccept provides payment buttons, hosted checkout, and an invoice that can be embedded for your website. PayAccept also works with many plugins and integrations.
• Light and dark mode:  Automatically adjusts the dark and dark mode interface.
• Price volatility shield:  PayAccept protects you from price volatility in Bitcoin and other cryptocurrency. You get every dollar or euro of what you set, minus 1%.
• Secured loans (DeFi function):  One of our main points for rapid growth is receiving non-cash capital immobilization payments. As a payment processor, PayAccept will have an advantage over banks because we collect information directly about expecting incoming payments. Our AI platform will facilitate if a business can have a loan and be able to repay it. This provides PayAccept a healthy income where maximum profit can be generated across the entire PayAccept platform.
• Building an agent network:  In developing countries where infrastructure is not fully built (such as Africa and South America), we will offer retailers the ability to become agents for PayAccept to handle deposits and withdrawals. Each agent can open an account to facilitate this process.
• Payment card:  PayAccept will issue a payment card that can be used to pay at a store or withdraw funds from most ATMs around the world when cash is needed.

Building EMI

PayAccept will become the Electronic Money Institute. This step is needed to become a fully recognized institution that can handle many volumes between fiat and crypto without having to be tied to banks for payment processing. This will ensure long-term PayAccept operations. Also as EMI, we can define and use international bank accounts to store fiat, and on the other hand, this gives us the ability to physically back up the value of assets held in separate trust. We will start by offering 8 fiat currencies initially, covering all major currencies such as USD, EUR, GBP, TRY, and CNY.

PayAccept will also support emerging digital currencies that are defined as the top 20 by  CoinMarketCap  . In this case, Bitcoin, Bitcoin Cash, Ethereum, Dash, NEM, and others to ensure that PayAccept will be ahead. In the end, we want to bring a simple gateway that on the one hand brings liquidity by connecting to third party exchanges and on the other hand, becoming a gateway for traditional institutions (banks), which are currently moving to integrate digital wallet systems into their platforms and operations. currently.

The successful implementation of the product group will set the foundation for a successful EMI. Let's start with the first foundation:

Modal

Operating an EMI is different from running a normal business. The EMI needs to cover the capital that is entered into the institution (capital coverage) but must also meet several regulatory requirements. This regulation was made to ensure EMI functions properly and to meet the capital adequacy ratio requirements defined in the legal framework.

Regulations / Licensing

Licensing is one of the key aspects of being an EMI. The founders have experience in getting licenses to operate in the EU and the US. After a successful crowdfunding campaign, we hope to get the licenses needed and have a solid foundation to offer investment products to the market.

Payment processing and clearing technology

PayAccept identifies many of the problems faced by parties who receive digital assets. Our system will become a major payment processing and clearance company where we can erase all activities from the commitment made to the transaction to completion. This process converts payment promises (in any form, such as checks, gift cards, electronic payment requests, and crypto) to the actual transfer of money from one account to another. PayAccept manages post-trading, pre-settlement and ensures that transactions are completed in accordance with market rules, even if the buyer or seller goes bankrupt before settlement. The processes included in clearing are reporting / monitoring, risk margins, trading networks to a single position, handling taxes, and handling failures.

Bridging traditional public markets

Later, PayAccept will process and bridge traditional bonds and shares with crypto assets. Where derivatives, commodities, money, real estate, and reinsurance will be added to the PayAccept portfolio. What to think about real Apple ™ assets in your wallet, which you can decentralize and carry, wherever you are. And even if your stock broker goes bankrupt, there is no problem at all. With PayAccept, this is not possible.

Products and services

Payaccept will offer financial services that focus on simple functions and where assets can be managed easily.

Product

Issued a Payment card

The PayAccept card will become a major network brand debit and credit card, by default allowing it to be accepted in millions of locations and payment terminals worldwide. Cryptocurrency balances or fiat cards will be directly funded from the user's wallet. Users will be able to use their fiat directly and convert cryptocurrency to fiat with real-time conversions supported by liquidity and exchange providers. Users will be able to connect the cryptocurrency of choice to the card for payment, if not, as a backup, the traditional fiat for payment will always be available given a positive balance. PayAccept cards will be issued with an integrated QR code and NFC chip that will communicate with the PayAccept payment terminal.

PayAccept card functionality:

• Digital Wallet is compatible with Google, Samsung, and Apple Pay;
• Crypto to fiat conversion upon request;
• ATM PIN access;
• Transaction history and real time notifications;
• Virtual & Physical Cards;

Spread Payment Point Sales

To enable crypto payments with merchants, such as retail outlets, restaurants and convenience stores, we will use free Point-of-Sales (POS) devices when used so that customers can use the cryptocurrency they hold in their accounts and make daily purchases. In this way, PayAccept is the latest participant in the global blockchain, and consumers benefit because they can use cash, credit cards or digital wallets to buy and sell what they want.

Services

Payment

Payaccept will offer an easy wallet management system, where we will integrate the following types of assets that will be available for cross-border, 24/7, censorship proof transactions with minimal transaction costs, and do not need intermediaries. Assets supported in the PayAccept mobile wallet can be easily converted between one another:

Integration of Traditional Assets and Crypto

Cryptoassets
- crypto commodities (digital gold)
- crypto tokens (colored coins, stablecoin)
- payment
tokens
- asset tokens - utility tokens
-  cryptocurrency tokens 

Traditional assets
- banknotes
- vouchers, gift cards
- stock, bonds and derivatives

Savings and Loans

Traditional savings do not generate large interest, in some cases, individuals even have to pay fees to their banks to save their assets. While in traditional banking banks will withdraw savings and provide loans to attract interest, at present, they place savings in accounts at the central bank, which require additional costs to be passed on to the customer, while the bank itself issues loans. This is not fair.

With PayAccept, we will implement a model where individuals can place their crypto assets into a PayAccept savings account and receive substantial interest if they are ready to give their savings as loans to others. Cryptocurrency will act as collateral, this is for insurance, funds can be liquidated if the borrower does not pay monthly payments. After the loan is returned, the borrower can withdraw the funds.

Finance

This section will be updated after our tokensale. For more information on investing, see the Tokenomics section.

Tokenomik

Tokensale

Alamat Crowdsale 0x1Fe72034dA777ef22533eaa6Dd7cBE1D80bE50Fa
Simbol Token PAY or PAYT

Pre-ICO:  12 June 2020 - 1 July 2020 (50% bonus)
ICO:  1 July 2020 - 1 September 2020. Period  can be extended!
Token Price (in ETH):  1 ETH = 1000 PAY

Allocation of public sales: Can be  purchased above current inventory
Public vesting period:  Not applicable, immediately available after purchase

Soft- or Hard-stamp:  Soft stamp is PAY 1M, hard cap at  100M 
distribution Token:  Instant

IEO  To be announced, we communicate with exchanges.

Token supply

Total supply,  Max 120M
Circulating Supply  Available after IEO

Allocation

20M Team, Marketing, Development, Partners, Advisors, and 5M Backup
Gifts, Promotions, and Airdrops

Personal sales vesting period:

20% will be released after 6 months
50% after 12 months
100% after 24 months

Budget & Expenditures

30% Market Team and Management

30% Development

25% Marketing & Awareness

15% Backup

PAY Utility Token

Lower fees:  Enjoy discounts for all transaction fees

Pay ECOsystem:  Priority access to new features and information

Global VIP Invitation:  Participate in PAY forums and influence PayAccept strategies

PAYnode:  Use PAY to use PAYnode (more information will be provided)

Crypto Supported Loans:  Use PAY to unlock savings & loans

Airdrop:  Receive free airdrops for registered coins and tokens

Discounts:  Deploy services on the PAY network with discounts

The PAY token utility will continue to be expanded as PayAccept grows.

After receiving an EMI license, PAY will convert this token into a share in the company.

Roadmap

A milestone was achieved

April 14, 2020 Establishment of PayAccept and PayAccept Stichting

April 22, 2020 Launched the PAY token (ERC20) on the Ethereum blockchain

May 2, 2020 Launch of the PayAccept website  https://www.payaccept.net

5 June 2020 PayAccept is officially accepted as an EU brand name

12 June 2020 Starting from the pre-ICO tokensale

Roadmap

Please remember that if a soft cap is not achieved, we will not become an EMI, but only provide digital wallet services, without fiat gateways, and other financial instruments.

July 2020  ICO / IEO tokensale (extendable)

August 2020  Prepare EMI license with legal advisor (softcap only)

August 2020  Purchase of an existing bank (hardcap only)

September 2020  The official launch of the wallet on the PayAccept website

September 2020  Pre-registration for PayAccept Card (Visa / Mastercard)

September 2020  Connects with third party exchanges for asset trading

September 2020  Start integration with other financial institutions and banks

October 2020  Launch of mobile wallet on iOS and Android

October 2020  Launch your own digital asset network with PayNodes

October 2020  Deploys the first terminal and payment card for end users

October 2020  PayAccept Integration with big traders

October 2020  Expanding with a minimum of 20 financial and digital assets (softcap)

November 2020  Series A seed investment round

December 2020  Launch of Loans and DeFi Loans

December 2020  Further expansion worldwide and services such as Insurance

Note: The above months may change, because for some services a license is required, and this can take longer than expected. However, this is an estimated global time that will be used to take the next step.

Teams, partners and advisors

Christiaan van Steenbergen | Pendiri & CEO

Entrepreneurs Series from 2003 in the telecommunications, fintech, software development, and investment industries. More than 15 companies were founded and one of the founders of NEXT.exchange and the main developer of NEXT blockchain.

Gleb Jout | Co-Founder & CSO

Entrepreneurs with strong business backgrounds and a proven track record in management, communication, strategy and leading diverse teams. Co-founder of NEXT.exchange.

---

Social Media Link

Situs web : https://www.payaccept.net/
Telegram : payaccept
Bitcointalk Bounty Thread : BTT_PayAccept

Username   belguso

Link: https://bitcointalk.org/index.php?action=profile;u=2633296