POINTPAY: BLOCKCHAIN BASED BANKING

INTRODUCTION

The term “blockchain technology” typically refers to the transparent, trustless, publicly accessible ledger that allows users to securely transfer the ownership of units of value using public key encryption and proof of work methods.

The blockchain technology uses decentralized consensus to maintain the network, which means it is not centrally controlled by a bank, corporation, or government. In fact, the larger the network grows and becomes increasingly decentralized, the more secure it becomes.

The potential for blockchain technology is not limited to bitcoin. As such, it has gained a lot of attention in a variety of industries including: financial services, charities and nonprofits, the arts, and e-commerce and so many more.

ABOUT POINTPAY

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.

PointPay has business contacts with more than 50 banks and 25 payment systems, as well as 20 lawyers who deal with issues of licensing cryptobusiness. PointPay have 4 years of experience in supporting the functioning of payment systems, including signing contracts, working with banks, working with other payment systems, paying out funds, and building complex payment schemes. PointPay are currently conducting a crowdfunding campaign through the sale of 500,000,000 PXP tokens in order to raise funds for the development of fully functional versions of the products.

THE TOKEN

PointPay Token will be released based on the Ethereum platform and fully comply with the ERC20 standard. This will ensure security of the transactions, compatibility with the third-party services and will provide seamless and easy integration.