PayAccept

 Changing the Way World Citizens Interact With Traditional Blockchain and Financial 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. Blockchain is a decentralized ledger. This is a computer network that has an identical copy of the database and changes its status (notes) into a collective agreement based on pure mathematics. All this means that there is no need for a central server or any entity that we trust (eg central bank, notary public, bank, Paypal, etc.). Blockchain is a technology base 

Problem

Individuals usually join the Blockchain economy through the use of cryptocurrency trading platforms and cryptocurrency wallets. However, someone must have access to a password, that is, a private key that allows one to engage in transactions in a digital infrastructure. The private key is a complex combination of characters that are difficult to memorize and act as an integral aspect of cryptocurrency ownership and management. Basically, cryptocurrency wallet is an economic element of Blockchain and its basic digital infrastructure is designed for the sole purpose of allowing individuals to easily access, manage, and transacting in cryptoassets while remaining in full custody of funds without having to become a full node on the Blockchain network or relying on intermediaries for key storage and personal assets. There are various types of wallets and various types of wallet functions. For example, there are paper wallets where the private key is written on a piece of paper and a hardware wallet where the private key is encoded. In fact, this type of wallet and tool is designed to be used by single individuals who manage their own funds. What if the funds belong to several individuals or business entities? What happens when the funds belonging to a legal entity change over time? How do we ensure that funds can be managed by related parties and remain protected and can be used if necessary? Multisignature smart contracts have been designed to address the above. This smart contract allows many people to manage crypto assets in their wallets in a safe way. A standard wallet only requires one private key to send funds vs.. several keys are needed (for transactions above a certain threshold) with multisig contracts and smart wallets. There are various iterations and implementations of multisig technology. For example, there is Gnosis, Open source multisignature wallets that have been used to hold more than $ 2 billion cryptocurrency without breaking. This is one of the most popular multisignature wallets and PayAccept can easily interact with it. Custodian services also exist for crypto currency management. Most cryptocurrency trading platforms act as custodians by providing their wallets to users to store and trade cryptoassets, though, management and private key access are maintained by the platform. However, we at PayAccept believe that companies and individuals must maintain a single management of funds them and do not place responsibility for managing private keys to third parties. This is due to the fact that if a third party fails or uses rogue mode, all funds can be lost. In addition, this contradicts the decentralized nature of Blockchain. In fact, on the other hand, basically becoming a self-owned bank or managing crypto assets in various wallets and digital currency exchange platforms requires a lot of responsibility and difficulties. Basic mistakes can cause big losses. all cryptocurrency, both Bitcoin, Ethereum, Hyperledger, etc. An important part of the blockchain is a smart contract, a piece of code stored on the blockchain network (in each participant's database). This basically defines the conditions under which all parties use contractual agreements. Therefore, if the necessary requirements are met, certain actions are carried out. Because smart contracts are stored on all computers on the network, everyone must run them and get the same results. In this way the user can be sure that the results are correct.

Blockchain and Smart Contracts open many doors for new decentralized businesses and eliminate the need for expensive third parties. Many new companies are now working on this technology, and large companies are testing it in closed networks to collaborate directly with each other without the need for intermediaries. For this reason, there are many projects that are starting to use this new technology. However, not all of them are feasible. We have to read well for each project, what the whitepaper, qualified advisor, etc. As I said, blockchain technology has gained popularity because of the hype about cryptocurrency that has shaken many startups to launch their own cryptocurrency even without convincing fundamentals. This trend arises because newcomers are more agile in adopting emerging technologies compared to old players who are hampered by legacy systems. However, this competitiveness and profit enjoyed by new players may be short-lived, because no economies of scale are taken into account. Moving to the topic, the project that I will present to you is PayAccept ( https://www.payaccept.net/  ), a single integrated platform for crypto and fiat assets. https://www.youtube.com/embed/8WWnYi2o0no Video presentation

Definition

In more detail, PayAccept is a holistic blockchain platform that offers users a simple and integrated banking and encryption experience. This application handles the technical side so users can concentrate on their assets. PayAccept aims to modernize the way global citizens interact with traditional blockchain and financial technology by bringing digital portfolio management to the masses.

How it works

PayAccept provides a holistic blockchain platform that puts an end to the complexities of buying, selling, and using assets held through multiple accounts. The PayAccept network allows clients to exchange assets freely without worrying about the denomination. Payers and recipients of any transaction can choose their preferred assets, so clients can pay in Bitcoin to friends who ask for Euros. In addition, PayAccept uses the latest digital portfolio management standards, providing an intuitive design, powerful and fast features, and maximum security of funds.

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.

Trade fiat and crypto in one interface

The PayAccept network gives customers the freedom to exchange assets without worrying about their denominations. Payers and recipients of any transaction can choose their chosen assets so that customers can pay in Euros to a friend who asks for euros.

Virtual Fiat is moved from A to B on the exchange. Transactions are recorded on the blockchain and automatically reflected in the corresponding customer's limited currency bank account.
Transactions are recorded on the blockchain and automatically reflected in the corresponding customer's limited currency bank account.

Capital usage

Control the European Union banks and improve the system.
Develop our crypto exchange with blockchain payments and PayAccept payment platforms.
Secure strategic investments in financial services, blockchain companies, and communities.

PayAccept card functionality: Digital Wallet compatible with Google, Samsung and Apple Pay; Crypto to fiat conversion on request; ATM PIN access; Transaction history and real-time notifications; Virtual & Physical Cards;

About PayAccept

PayAccept  Complete Solution for Banking, Fiat, Crypto, High Security Messenger, Defend Mobile Phones and Much More. PayAccept follows an open community solution and has issued a quiet API for developers who can introduce their work to the community and get approval for participation in PayAccept.  Crowdsale Address 0x1Fe72034dA777ef22533eaa6Dd7cBE1D80bE50Fa Pre-ICO
Token  or PAYT Token Symbol :  June 12 2020 - July 1 2020 (
ICO 50% bonus) :  July 1 2020 - September 1 2020. Period  can be extended!
Token Price (in ETH):  1 ETH = 1000 PAY Public sales allocation: Can be  purchased above current inventory
Public vesting period:  Not applicable, immediately available after purchasing Soft- or Hard-stamp:  Soft stamp is 1M PAY, hard cap on  100M 
distribution Tokens:  Instant IEO  To be announced, we communicate by exchange.

Token supply

Total supply,  Max 120M
Circulating Supply  Available after IEO

Allocation

Team 20M, Marketing, Development, Partners, Advisers, and Reserve Funds
5M 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% Team and Market Management 30% Development25% Marketing & Awareness 15% Reserves

PAY Utility Token

Lower costs:  Enjoy discounts for all Pay ECOsystem transaction fees:  Priority access to new features and information Global VIP Invitation:  Participate in the PAY forum and influence the PayAccept PAYnode strategy :  Use PAY to use PAYnode (more information will be provided) Crypto Supported Loans :  Use PAY to unlock the Airdrop savings & loan portion :  Receive free airdrop for registered coins and tokens Discount:  Deploying services on the PAY network with discounts The PAY token utility will continue to expand as PayAccept grows.After receiving an EMI license, PAY will convert this token into a share in the company.

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  Preparing an EMI license with a legal advisor (softcap only) August 2020  Purchasing an existing bank (hardcap only) September 2020  Official launch of the wallet on the PayAccept website September 2020  Pre-registration for PayAccept Card ( Visa / Mastercard) September 2020  Connect with third party exchanges for asset trading September 2020  Start integration with financial institutions and other banks October 2020 Launch mobile wallet on iOS and Android October 2020  Launch own digital asset network with PayNodes October 2020  Deploy terminal and payment cards first to end users of October 2020  PayAccept Integration with big traders October 2020  Expanding with minimum financial and digital assets 20 (softcap) November 2020  Round Series A seed investment December 2020  Launch of Loans and DeFi Loans December 2020  Further expansion worldwide and services such as InsuranceNote: 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 | Founder & CEO of 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 a strong business background and a proven track record in management, communication, strategy and leading diverse teams. Co-founder of NEXT.exchange.

For more information please click the link below:

Website:  https://www.payaccept.net/

Telegram: https://t.me/payaccept

BountyTelegram: https://t.me/PayAcceptBounty

Bitcointalk: https://bitcointalk.org/index.php?topic=5255787.0

Twitter: https://twitter.com/payaccept

Facebook: https://www.facebook.com/payaccept.net/

by dilgele

link url   https://bitcointalk.org/index.php?action=profile;u=2651672