PAYPORTAL - Bill Payments and Money Transfers
A storm has hit the investment market which we are not going to recover from. Crypto investment is that storm. With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, PAYPORTAL, a platform designed to connect Indian service providers, such as banks and similar institutions, or mobile operators, digital television into one single wallet has arrived.
Before I take you on this voyage, please check out this video presentation
Now that I have your attention, let’s get right to it.
What exactly is PAYPORTAL?
The Payportal platform connects Indian service providers such as banks, mobile operators, digital TV operators and utility companies with public through a WALLET. A wallet number is linked to a mobile number of the owner. The platform is utilizing the advantages of personal computers and smart phones, IOS and Android apps are available. The project's goal is to provide a solution to Customers to tackle the following challenges: regular visitings of different offices to pay monthly bills, cash collectors stealing, expensive and risky cross-border remittances, staying in a bank queues, wide geography logistics, non-professional service support and assistance, etc.
THE PAYPORTAL PLATFORM
The Payportal platform connects service providers such as banks, mobile operators, digital TV operators and utilities with public through a WALLET. A wallet number is linked to a mobile number of the owner.
In this way, the possibility of making payments on accounts, and the same money transfers are fast and safe. The wallet provides a large number of features online.
Access can be obtained through a personal computer or smartphone.
PAYPORTAL & BLOCKCHAIN
The use of blockchain technology is one of the most important tasks for further successful development of the platform.
The decentralization of the server makes it possible to keep the wallets safe in the event of a hardware crash or attack by hackers.
Since PayPortal has the best practices for internal remittance, we plan to implement this part of the project on the basis of our own PPTL coin with key lock and cryptography.
PPTL coins will be accepted as a means of payment and will be converted into Indian rupees for the final stage of the transaction.
To develop the Payportal platform further, the developers have decided they need to utilize the blockchain technology. Some of the advantages will include server decentralization. It will ensure that wallet data is kept safe in case hackers get into the systems.
Besides that, they plan to utilize the blockchain to facilitate the transfer of money across international borders. This service will leverage the money transfer expertise that the Payportal team already has. To achieve their goal they intend to create their own digital currency dubbed the PPTL coin. These coins will be accepted as a means of payment and are converted into Indian rupees at the final stage of the transaction. All fees will be paid in the PPTL coins.
Distributors will play a major role in the transfer of PPTL coins. They will purchase tokens in the OTC market or exchange and transfer funds via a smart contract to the company’s wallet. The transaction will contain the wallet number of receiver and value of coins.
PAYPORTAL BUSINESS MODEL
The Business model represents how payportal creates a viable environment by establishing a relationship with mobile operators, utility operators, banks for receiving and processing on-line recharges. Bill payments and also domestic Money transfer to customers bank accounts from the market. With Major distributors in Delhi, They can deal with their retailers appointed independently or by payportal.
Token Sale and ICO
Payportal is planning to launch their project by offering people the opportunity to invest with them by launching the Payportal Token(PPTL). The PPTL is an ERC20 utility token which will allow investors show their affiliation with and support of the project.
There will be 20 million tokens produced. 14.5 million Tokens will be sold to the masses. They will be sold at the price of 1 token = 0.002 ETH. The project has a soft cap of 3000 ETH and a hard cap of 24000 ETH.
The private sale has already started, and it will end in 18 days. The date for the ICO will be announced after the private sale. Tokens will be non-transferable until the ICO ends. The ICO is expected to last until July 15, 2018.
Token And Ico Information
Token Name: PPTL Token (PPTL)
Token Type: ERC20
Total supply: 20,000,000 PPTL
For sale: 14,500,000 PPTL
1 Token = 0,002 ETH
Softcap: 3000 ETH
Hardcap: 24 000 ETH
After burning unsold tokens, the Payportal will issue its own cryptocurrency called PPTL coin (PPTL) in the equivalent of existing Payportal Tokens at the end of the ICO. Payportal Token holders will be able to exchange Payportal Tokens for PPTL coins at the rate: 1 Payportal Token = 1 PPTL coin. PPTL coins, later, will be listed on several stock exchanges.
Token Emission and Distribution
Benefits to holding PPTL tokens
Potential Appreciation in Value The potential for increased profit over time and growing demand from retailers and distributors as a result of the redemption of loyalty bonuses, fees, cross-border money transfers provides the basis for potential value appreciation over time. Provision of additional services based on the PPTL coins to retailers and online wallet users will increase its total demand. Transfers We expect that PPTL coins will be exchangeable for fiat currencies and other cryptocurrencies.
Finalizing an integration with BBPS
Releasing new version of IOS and Android applications with DMT
Increasing the sales efforts for the area of Delhi
Advertising of Payportal wallet
Development of own blockchain
Geographical expansion to the new areas close to Delhi (Faridabad, Ghaziabad and Noida)
Developing and implementing loyalty program for retailers and distributors
Geographical expansion to TOP 3 largest Indian cities and surrounding areas (Mumbai, Bangalore, Pune or Jaipur)
Meet The Amazing Team
Alexandr Shishlov - Director and Co-Founder
Alok Yadav - Director
Yadhvendra Singh - Head of Business and Alliances
Pavel Bannikov - Research and Development Head
Timur Abdulkarimov - Head of Analytic Department
Simon Cocking - Advisors
Daniel Heller - Advisors
Irina Travina - Advisors
Michael E. Bryant, MA, MBA, CPA, CBE - Advisors
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
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Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.