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PointPay Ecosystem: PointPay CryptoBank, PointPay CryptoExc and PointPay Multi-Wallet

The crypto-industry ecosystem is developing by leaps and bounds. It’s becoming more attractive not only for investors who view the cryptomarket as a way to get maximum profit in the shortest possible time, but also for ordinary users who value cryptocurrencies for their fast transaction functionality, anonymous calculations, and absence of any kind of intermediaries. Cryptocurrency platform PointPay notes that many people like the idea of “finance without borders”.


That is why the number of people actively using cryptocurrencies is steadily growing and approaching the psychological mark of 50 million people. Cryptocurrencies’ number of growth dynamics is also rapid. If in 2010 the number of cryptocurrencies could be counted on the fingers of one hand, then in 2018 their number exceeded 2000 and has greater chances of reaching 2500 by the end of the year.

PointPay Ecosystem: PointPay Crypto Bank, PointPay Crypto Exchange platform and PointPay Multi-currency Wallet

PointPay is creating a fundamentally new product that combines three services in a single closed-loop ecosystem: PointPay Crypto Bank, PointPay Crypto Exchange platform and PointPay Multi-currency Wallet. We work so that our potential customers could be users of the World Wide Web residing anywhere in the world. The payment tool will be the PXP utility token of the ERC-20 standard, created by PointPay based on the Ethereum platform as the most popular core for building blockchain systems. Firstly, this solution will combine the three abovementioned services in one ecosystem, and, secondly, make the PXP token a valuable asset that will be in demand in the cryptocurrency market.


Today, an overwhelming number of crypto exchanges provide traders with access only to rate and volume charts for a specific token or coin. Users conduct their own technical analysis based on the data presented on the exchange, make a decision and place an appropriate order. The movement of funds ceases as soon as the system detects a request that satisfies the conditions of the trader’s application for the purchase or sale of crypto funds. From this moment, the user turns from a trader into a holder. No funds movement anymore. No daily profit from cryptocurrency assets holding. Statistics show that more than half of traders use an extremely risky method of storing funds – the so-called "hot". The cryptocurrency assets are held directly on the crypto exchange. Due to technological vacuum, the funds are stored as a “dead weight”, not generating any income and breaking the golden rule of successful people: “Money must work”. 


The PointPay cryptocurrency platform team formulated its proposals on how to solve this problem and outlined 3 consecutive steps. On the one hand, these proposals will allow traders and holders to gain access to the extended user functionality and make the funds aimlessly stored on the crypto wallets work. On the other hand, the project will be given the opportunity to grow from the traditional, conforming to today's tough security requirements, the exchange to the cryptocurrency analog of PayPal, which can rightly be called a crypto bank of the 21st century – PointPay Crypto Bank.  In recent years, hackers have caused damage to crypto-exchanges in amounts of hundreds of millions of dollars. The 8 the crypto market itself attracts a huge number of investors, each of whom wants to get the maximum profit. The largest crypto exchanges accumulate impressive amounts of digital currencies, making themselves an ideal target for hackers.


However, recent studies show that 41% of exchanges allow creating a password consisting of less than 8 characters, 9 and 37% of exchanges allow you to create a password containing either only letters or only numbers. Cryptocurrency exchange PointPay approaches the issue of security in the most serious way and offers the following mechanisms designed to protect traders from intruders:
  • DDoS - protection from CloudFlare service;
  • Two-factor authentication (2FA) when you log into your account and withdraw funds;
  • The strict requirement to create a password containing a combination of numbers, uppercase, and lowercase letters and other characters and consisting of at least 8 characters;
  • The current extension of the HTTPS Protocol to support encryption to increase security;
  • Bug Bounty program for finding vulnerabilities;
  • Face ID;
  • Voice ID;
  • Integration of SPV technology that has never been hacked. 

PointPay Crypto Bank (“PPCB”) will be a part of the “All-in-one” Utility Token-based Blockchain Ecosystem

Cryptocurrency and blockchain ecosystem is rapidly gaining popularity among users all over the world. While there are many separate platforms on the market allowing buying, trading, selling and managing cryptocurrencies, there is definitely a void in terms of having a platform with “All-in-one” approach. As seen from the comparative analysis table below, the major market players are heavily focused on providing a limited array of services and there is a definite lack of a user-friendly “all-inclusive” platform. PointPay Crypto Bank (“PPCB”) will be a part of the “All-in-one” utility token-based blockchain ecosystem, provide crypto banking services one would find readily available in fiat currencies.


We are building PPCB to breach the gap between the convenience of cryptocurrencies and functionality of a traditional bank. PPCB will be filling this underserved niche by offering everyday users a full spectrum of banking services. The goal is to build a convenient, intuitive online banking platform, so even a non-technical user can benefit from all the services PPCB has to offer without the complications, currently associated with the blockchain technology. 

PointPay CryptoBank will have broad technical functionality and provide the following banking services:
  1. Crypto credit and crypto debit cards. Pay with a credit card connected to VISA / MasterCard electronic payment networks and withdraw funds to it in any country of the world. Applications being developed will work in conjunction with the debit and credit cards issued. Guaranteed high security and acceptance of cards in almost any ATM in the world.
  2. Crypto banking. Issuance of crypto credits to business and acceptance of crypto deposits through a personal account with a high level of privacy.
  3. Car loans for buying a car. Buy cars by issuing almost instant crypto credits, which allows, on the one hand, making a contribution to crypto-economics, and on the other, improving the financing structure of a crypto bank and increasing crypto flows.
  4. Cryptocurrency mortgage. Buy your dream home taking a mortgage crypto credit.
  5. Cryptocurrency deposits and savings accounts. PointPay Crypto Bank will not only keep your cryptocurrency safe but will also let you receive interest charges due to the existence of a crypto bank savings accounts that ensures a decent level of profitability.
  6. Buying and selling stocks in cryptocurrency. Buy and sell stocks of any companies directly from your smartphone using cryptocurrency. Excellent opportunity to expand the investment portfolio of any investor.
  7. Cryptocurrency transactions and transfers worldwide. Any bank transfer takes a lot of time, nerves and energy. Enjoy the ease of making cryptocurrency and fiat transfers using online crypto banking. Transfer money instantly from anywhere in the world. All you must have is a smartphone and access to the Internet.
  8. Provision of services on the Forex market through Support for ECN networks, reducing to zero the role of intermediaries; Support for a progressive system of NDD orders; End-to-end STP transaction processing technologies. Instant ways to recharge the balance of your account with the help of WebMoney, Yandex.Money payment systems, bank transfers, cryptocurrency, as well as with Visa and MasterCard bank cards. Affiliate program to attract new members. Contracts with liquidity providers.
  9. Mobile crypto banking. Instant online transfers (both cryptocurrency and fiat) from anywhere in the world. Support of Apple Pay, Samsung Pay, Android Pay. Cashback and referral program.
  10. Virtual crypto card. The possibility of ordering a virtual crypto card (both for cryptocurrency and fiat money) with instant receipt of details for using it. NFC technology support. Withdrawals via any ATM anywhere in the world.
  11. P2P loans. PointPay platform will provide its users with the opportunity to get a loan from a private person or another banking the institution, playing the role of a platform that unites borrowers and lenders.
  12. Crypto soft for ATM. Instead of the pointless release of expensive ATM terminals, the PointPay team will develop software that will be implemented in existing ATM systems of other companies.
  13. Consulting banking and legal services. Assistance in the preparation of bank documents and financial reports. Help in opening fiat and cryptocurrency accounts. Legal and financial advising.
  14. Crypto-acquiring. The possibility of fast, transparent and anonymous payment of cryptocurrency of various goods and services in stores, cafes and restaurants using PXP token. PointPay cryptocurrency acquiring works in all directions: fiat-cryptocurrency, cryptocurrency-fiat, fiat-fiat, cryptocurrency-cryptocurrency. 

The Investment Process Should be more Democratic and Accessible to the Vast Majority of People who want to Increase their Funds

The PointPay team believes that the investment process should be more democratic and accessible to the vast majority of people who want to increase their funds. Investors who have cryptocurrencies in their asset portfolio do not have the opportunity to trade on world financial markets by investing in conventional asset classes. They are – shares of world-famous companies (Apple, Microsoft, Tesla), index funds (S&P 500, Nasdaq 100), ETF-funds (Financial Select Sector SPDR Fund, Invesco QQQ, VanEck Vectors Gold Miners ETF), raw materials (gas, gold, crude oil), etc. Therefore, PointPay issues several thousand tokens of a special kind that will correspond to one or another type of traditional assets. Trade-in such assets will occur in the same way as trading in cryptocurrency on any exchange: 
  1. A trader comes to the exchange with fiat and cryptocurrency funds;
  2. The trader buys tokenized assets that are traded on the PointPay crypto Exchange platform (transactions can occur not only at the expense of own funds that are on the account balance, but also using leverage in the ratio 1 to 10);
  3. PointPay buys the asset class selected by the trader on Capital.com;
  4. The trader sells a tokenized asset that is on his balance, or keeps it until it grows in price;
  5. The trader withdraws the money earned to his account in the crypto bank. 


MVP (Minimum Viable Product) The developers of the PointPay Crypto Exchange platform have identified a prerequisite for entering the token sale stage – the presence of a minimum working prototype, which could be of interest to the crypto community. The following features have been developed and are being tested by a small group of beta-testers:
  1. 500,000,000 PXP tokens were emitted.
  2. Created landing platform at https://pointpay.io.
  3. PointPay Crypto Exchange platform v1.0 https://pointpay.eu: Functionality of registration and entry has been developed: https://pointpay.eu; the user's personal account with corresponding settings has been created; there is a possibility to make deposits and withdrawals from the PointPay Crypto Exchange platform to other cryptocurrency wallets; The functional of placing orders "by limit" and "by the market" has been created.
  4. PointPay Multi-currency Wallet v1.0: The functional of registration and entry has been developed: https://pointpaywallet.com; The user's personal account with the corresponding settings has been created; there is a possibility to make deposits and withdrawals from the PointPay Multi-currency Wallet to other cryptocurrency wallets; 6 main cryptocurrencies (BTC, ETH, BCH, LTC, BNB, XRP) have been integrated.
  5. PointPay Crypto Bank v1.0: The personal area with PointPay Multi-Card is ready for testing by users: https://pointpaybank.com. All developed products will be available on both desktop and mobile devices. 


PXP Token - Utility Token PointPay Team considers the issue of creation of an economic model to be fundamental. It will become a foundation for mutually beneficial relations between traders and the rest of the crypto community. In order to give the token a financial value, we went through all possible strategies of maximizing the degree of token’s integrated news into the trading ecosystem. The PointPay token is a utility token, the purpose of which will be to perform internal payments inside the crypto exchange. The further expansion of the token inside crypto-ecosystem will be insured by establishing a platform which will allow representatives of the crypto community to emit their own tokens and run crowdfunding token sale campaigns. 

The viability of the tokenized ecosystem will be sustained by the use of the following functional tools:
  1. Trading within bi-currency pair PXP/any other token will be going through without charging a fee;
  2. Money withdrawal from the exchange will be carried out with a fixed fee in PXP;
  3. The price of one trading transaction is 0.001 PXP (when you place an order upwards $10);
  4. The placement of a referral-trader on the exchange – 0.1 PXP;
  5. The capability of emitting your own tokens based on a specially made platform – 10 PXP;
  6. Daily PXP holders will get returns proportional to the number of tokens held on each of the cryptocurrency wallets exposed to the exchange at the rate of 1% of the total amount of fees acquired by the system in a day;
  7. The opportunity to participate in new token sale campaigns from the PointPay Exchange platform thanks to the PPP option. Will be available to all users who have PXP tokens on their deposits;
  8. At the PointPay crypto exchange, a four-level referral system is provided. Accrual of interest from the commission of the system depends on the level: 10%, -5%, -3%, -2%. Under the program of the freemium model, users will have the opportunity to earn money from referral traders of the first level for free. Subsequent levels (second, third and fourth) are available for all users who have at least 1 PXP token on their balance

   

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