Payaccept Overview: Worldwide payments accepted in seconds.

serihwang (25)in #payaccept • 4 years ago

Since the 2008 economic recession, the financial industry has been unexpectedly shaken and faced with a number of challenges concerning trust, reliability, and value. Traditional banking is now deemed outdated and somewhat unreliable as consumers and businesses are seeking alternative options for their transactions and assets. As a result, blockchain technology and cryptocurrencies have disrupted the industry entirely. It has completely transformed the business of large financial institutions, retailers, and international businesses, changing the way payments are conducted and fulfilled.

Unlike traditional currencies, cryptocurrencies enable transactions to be quick, secure, and global. It also maintains and increases value over time without influence from major players in politics and capitalism. For this article, I will talk about fast and secure payment technology, which is called Payaccept!

About Payaccept

Payaccept are on a mission to change how citizens of the world interact with blockchain technology and traditional finance by bringing digital wallet management to the masses. They are on a path towards un-banking millions of people around the world while providing them with an alternative, trustless, and decentralized way to manage their money.

PayAccept uses the latest standards of digital wallet management. We provide our users with an intuitive layout, powerful and lightning-fast features, and maximum security of funds. We stand ready to give you everything needed to access incredible Blockchain products. They support over 50 cryptocurrencies from the start.

All PayAccept users have their own individual wallets, which are secured using SHA512 technology. Additionally, all wallet security can be further expanded with personal PIN codes, 2-way authentication and even fingerprints (mobile application). Every transaction made must also be confirmed with one of the above methods. Users will receive an email or SMS code pertaining to all PayAccept activity. Unusual transactions and suspicious logins will not be granted access.

PayAccept functionalities

Trade fiat and cryptocurrencies through a single interface:
The PayAccept network enables customers to freely exchange assets without worrying about the denomination. The payer and the recipient of any transaction can opt for the asset of their choice, so customers can pay in Bitcoin to an individual requesting Euros.
Connect bank accounts:
PayAccept users can link up to 3 bank accounts to their PayAccept Wallet.
Analytical tools: Users can receive insights on their spendings and asset uses through smart analysis tools.
Fund ownership:
Users retain access to their wallet Private Keys and all funds are stored using cold storage methodology.
Alerts:
Notifications for all inbound and outbound transactions.
Mobile PoS:
Users can use the PayAccept application to become their own Point-of-Sale or Pay-of-Sale and unlock a new revenue stream on the go.
Vast payment options:
Users can handle their payments in over a thousand different cryptocurrencies and convert them into one. Any bill can be paid with any currency, crypto, or fiat through the PayAccept application. Need to convert gift cards or refillable cards directly into fiat or cryptocurrencies? We’ve got you covered.
Joint business accounts:
PayAccept users can enable virtual joint multi-asset accounts for business purposes and enjoy the security, transparency, and immutability that Blockchain technology offers.
Global availability:
PayAccept users can accept cryptocurrency payments from all over the world
Easy set up for businesses:
PayAccept provides payments buttons, a hosted checkout, and embeddable invoices for your website. PayAccept also works with countless plugins and integrations.
Light and dark mode:
Automatically adjusting light and dark mode interface.
Price volatility shield:
PayAccept shields you from the price volatility of Bitcoin and other cryptocurrencies. You get every dollar or euro of what you charge, minus 1%.
Safe loans (DeFi functionality):
One of our key points for fast growth is accepting non-cash capital immobilization payments. As a payment processor, PayAccept will have an advantage over banks because we collect live information about expecting incoming payments. Our AI-platform will facilitate if a business can have a loan and is able to payback. This provides PayAccept a healthy income whereby a maximum profit can be generated throughout the PayAccept platform.
Establish a network of agents:
In developing countries where infrastructures are not fully established (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 cards:
PayAccept will issue payment cards that can be used to pay in shops or withdraw funds from most ATMs around the world when cash is needed.

Milestones achieved

April 14th, 2020 Establishment of PayAccept and Stichting PayAccept
April 22th, 2020 Launching the PAY token (ERC20) on the Ethereum blockchain
May 2nd, 2020 Launching of the PayAccept website https://www.payaccept.net
June 5th, 2020 PayAccept officially accepted as a EU brand name
June 12th, 2020 Start of the pre-ICO tokensale

Team, partners and Advisors

Christiaan van Steenbergen | Founder & CEO
Serial Entrepreneur from 2003 in telecom, fintech, software development, and investment industry. Established over 15 enterprises and co-founder of NEXT.exchange and lead developer of the NEXT blockchain.
Gleb Jout | Co-Founder & CSO
An entrepreneur with a strong business background and proven track record in management, communications, strategy, and leading diverse teams. Co-founder of NEXT.exchange.

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