Digital banks are coming in the marketplace – banks that mean you can open accounts, take out loans or ship cash in only a few minutes. However how does it work? We’ve interviewed the CEO of PointPay to determine how your first crypto financial institution will attempt to problem the normal monetary system.
Q: Inform us concerning the PointPay ecosystem. What initiatives does it embrace, and what providers does it present? Who’re your major purchasers?
A: PointPay is a complete service supplier within the cryptocurrency market. Launched in 2018, PointPay already has multiple million lively customers worldwide. We search to assist folks from all walks of life entry the monetary instruments they should construct a greater future.
Our core merchandise are a blockchain-based financial institution, alternate platform, cryptocurrency pockets, and cost system. We provide a various vary of providers that allow you to purchase and promote digital belongings, take out cryptocurrency loans, retailer your holdings securely, earn passive revenue in your holdings, and extra.
We purpose to offer a complete vary of providers in a single place. We’ve developed many progressive merchandise, reminiscent of Launchboard, Escrow, and HR Expertise:
- PointPay Launchboard affords buyers the chance to be among the many first to spend money on promising cryptocurrency initiatives. Our objective is to assist the crypto financial system by offering our clients with precedence entry to high quality rising initiatives.
- PointPay’s Escrow Platform is a service that helps shield patrons and sellers in transactions. We act as a intermediary to assist guarantee profitable transactions by conserving the customer’s cash safe in an escrow account.
- PointPay Expertise Platform – is a platform that matches employers with distant professionals. The Expertise Platform is our answer to discovering and attracting top-level expertise worldwide.
Q: Your organization supplies cryptocurrency banking providers. What features are already out there? Inform us extra about it.
A: PointPay, a blockchain-based financial institution, permits customers to earn curiosity on 32 of the most well-liked digital belongings by merely funding a Financial savings account. We provide a clear and easy rate of interest that permits anybody to earn APY on their belongings.
Moreover, PointPay clients can borrow and lend seven common cryptocurrencies with USDT as collateral. Cryptoloans don’t require a credit score examine as a result of digital belongings function collateral for transactions. We provide the bottom rates of interest on cryptocurrency loans – customers can borrow belongings from us at 0.012% per day. We’re planning to launch crypto debit playing cards, enabling customers to make on-line and in-store purchases with the identical ease as with a conventional debit card.
Q: What crypto processing choices do you provide? How do you’re employed with accounts? Can a big enterprise set up cryptocurrency acceptance with the assistance of your options?
A: A number of months in the past, we launched the Unified Stability System. Now customers have two accounts within the PointPay System – Common and Financial savings. Common Accounts can be utilized to carry out any transactions, reminiscent of buying and selling on the alternate, shopping for or promoting crypto, and so forth. A Financial savings account serves as an interest-bearing account. It’s appropriate for holding your funds as you’ll be able to switch funds solely 3 instances per 30 days; in any other case, you’ll not earn curiosity in your funds.
PointPay Fee System permits clients to purchase and promote digital belongings with a financial institution card for fiat currencies, reminiscent of USD, EUR, GBP, and others. You may simply purchase or promote belongings utilizing Visa, MasterCard, Financial institution Switch, and extra. We assist over 50 main fiat currencies by way of our developed community of cost suppliers.
We’re planning to introduce recurring funds for particular person purchasers and companies in order that they will settle for periodic funds from clients.
Q: What incomes alternatives for normal customers (staking, buying and selling) does your platform present?
A: Along with Financial savings accounts, we provide a Staking Program that permits you to earn passive revenue. This system supplies a straightforward approach to earn passive revenue by locking up PXP tokens in your private pockets. Customers can lock their tokens for 3, 6, or 12 months to obtain rewards on a progressive scale – the extra tokens they make investments, the upper their return will probably be on the finish of the interval.
We’re continuously including new methods for purchasers to earn rewards. As an illustration, our new service Launchboard permits PXP token holders to vote on initiatives that need to be listed on our platform. In return, token holders will obtain undertaking tokens.
Our customers can benefit from our cryptocurrency alternate to develop their portfolios. We offer three forms of interfaces: Basic, Superior and Fast Trade. The Basic and Superior variations are meant for knowledgeable clients, whereas Fast Trade affords simplified alternate performance. We additionally provide a number of the market’s lowest buying and selling and withdrawal charges.
Q: Tell us extra about your token. How is it used within the ecosystem?
A: PXP is a utility token that permits our purchasers to make use of all the advantages of our PointPay Ecosystem.
Because the proprietor of the token, you’ll be able to get pleasure from:
- Decreased Maker/Taker charges, relying on the variety of tokens you maintain;
- Incomes passive revenue on Financial savings accounts and Staking;
- Immediate commission-free transfers throughout the PointPay Ecosystem;
- Entry to promising progressive initiatives on the Launchboard platform and rather more!
We’re continuously engaged on increasing the perks and bonuses for our token holders.
Q: Inform us concerning the firm’s plans for the following 3-5 years.
A: We’re dedicated to turning into a crypto financial institution for 7 billion folks. We plan to draw buyers, merchants, and on a regular basis customers by creating an ecosystem of advanced options. We at all times observe the developments in cryptocurrencies to supply probably the most related and in-demand merchandise. Quickly, we plan to launch a number of new options reminiscent of Margin Buying and selling, Recurring Funds, ACH transfers, and rather more.
In three to 5 years, we purpose to construct the main ecosystem of cryptocurrency merchandise that present our customers with all of the providers they could require in a single place. We try to develop into the primary cryptocurrency providers supplier on this planet.