PointPay - Crypto Banking Ecosystem

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PointPay is creating a new product that integrates three services into a single, closed-loop ecosystem:

1. PointPay Crypto Bank,
2. PointPay Crypto Exchange platform,
3. PointPay Multi-currency Wallet.

Customers can be users of the World Wide Web who live anywhere in the world.
The payment tool will be PXP utility ERC-20, created by PointPay based on Ethereum. This will integrate the three services mentioned above into one ecosystem and make the PXP token a valuable asset that will be in demand in the cryptocurrency market.

PointPay Crypto Bank:

• Low transaction fees
• Fast transactions worldwide
• Cryptodeposits and cryptocredits
• Virtual, debit and credit cryptocurrency and fiat cards
• Mobile online banking
• Cryptocurrency loans
• PXP loans
• Crypto Forex trading

PointPay Crypto Exchange platform:

• Fiat money support
• Tokenized assets trading for crypto (ETF funds, futures, stocks)
• Four-level referral system and referral exchange
• Staking-based profit sharing model to PXP holders
• Leveraged trading (1:10)
• Voice ID and Face ID verification
• Initial Exchange Offering (IEO) option (launchpad) for other cryptocurrency projects in order to attract funding

PointPay Multi-currency Wallet:

• Multicurrency account (cryptocurrency and fiat money)
• Instant deposits and withdrawals of funds in EUR, USD, CNY
• SPV technique
• Security and anonymity
• Sending funds via e-mail and SMS
• Instant conversion of funds from one currency into another one

PointPay has business contacts with more than 50 banks and 25 payment systems, as well as 20 lawyers dealing with cryptocurrency licensing. He has 4 years of experience in supporting payment systems, including signing contracts, working with banks, working with other payment systems, paying funds and building complex payment schemes.

PointPay Crypto Bank

CryptoBank PointPay will have extensive functionality and will have the following banking services:

1. Cryptocredit and cryptodebit 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. Cryptobanking.
   Issuance of cryptocredits 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 cryptocredits, which allows, on the one hand, making a contribution to cryptoeconomics, and on the other, improving the financing structure of a cryptobank and increasing crypto flows.
4. Cryptocurrency mortgage.
   Buy your dream home taking a mortgage cryptocredit.
5. Cryptocurrency deposits and savings accounts.
   PointPay Crypto Bank will not only keep your cryptocurrency safe, but will also let you to receive interest charges due to the existence of a cryptobank savings account 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 smart phone 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 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 cryptocard.
    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 institution, playing the role of a platform that unites borrowers and lenders.
12.  Cryptosoft 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.

PointPay Platform Investor Preferences

Holders of tokens that have invested heavily in PXP will get significant benefits when working with a system that includes an increase in service speed, a rebate, a transfer and a cash withdrawal, a percentage increase depending on the amount of tokens available to the investor, an increase in the return rate cash and cryptocurrency deposits and even the ability to get instant credit: the amount of the loan available to the Investor, again, will depend on the size of his investment in the project, increasing in accordance with the number of d available tokens.

PointPay Crypto Exchange

xchange: PointPay 
Token: PXP
Country: UK
Exchange type: Centr.
Cashflow:
Crypto-to-fiat
fiat-to-crypto
crypto-to-crypto
fiat-to-fiat
Support service: +
Chat for traders: +
License: +
Number of transactions: 350/sec

Planned solution

Benefits for investors:

• Increased investor confidence, as the exchange takes reputational risks on itself and evaluates the project for its compliance with established standards;
• Exclusion of the so-called “gas wars” between investors competing among themselves for the right to be the first to receive the cherished tokens during a tokensale at a more attractive price;
• Low entry level for investing that democratizes the process and makes it accessible to a wide range of crypto exchange users.

Benefits for cryptocurrency projects conducting tokensale:

• Saving money spent on marketing the project, as the crypto exchange itself organizes the sale of tokens, attracting investors who have gone the whitelisting procedure;
• Guaranteed achievement of softcap and hardcap by informing in advance crypto exchange users who have a potential to take part in a token sale;
• Increasing of token liquidity after making a listing on the crypto exchange in the most popular trading pairs.

Benefits for the PointPay Crypto Exchange platform:

• Stimulation of cryptocurrency liquidity growth by investors wishing to participate in the IEO and depositing the assets to the crypto exchange;
• Increase in income from trading fees, as well as depositing and withdrawing commissions (the more income has the exchange, the more cryptoback get PXP token holders);
• Attracting of new traders who were not previously registered on the crypto exchange.

PointPay Multi-currency Wallet

Planned solution

PointPay Multi-currency Wallet

One of the products being developed by the PointPay cryptocurrency platform is a PointPay Multi-currency Wallet. It has the following technical functionality.

1. The ability to securely store the most popular cryptocurrencies: Bitcoin, Ethereum, Litecoin, and many others.
2. The ability to recharge the balance of the most popular fiat currencies – dollars, euros and yuans – with the help of VISA / MasterCard, UnionPay, Payeer, AdvCash, Yandex. Money payment systems, etc.
3. The possibility of exchanging funds in the following ways: fiat-cryptocurrency, cryptocurrency-cryptocurrency, cryptocurrency-fiat.
4. The ability to instantly cash out cryptocurrency through the withdrawal on the card VISA / MasterCard, UnionPay , payment system Payeer, AdvCash, Yandex.Money, etc.
5. The system automatically generates statistics on the overall account balance, displaying it in dollars, euros or yuans.
6. The system provides up-to-date cryptocurrency rate data.
7. The system allows you to create a virtual portfolio of cryptocurrencies, which automatically calculates the value of it in dollars, euros or yuans. It also displays the percentage of each cryptocurrency in the portfolio to the total number.
   The ability to create your own cryptocurrency portfolio by importing data directly from the balance of the web wallet.
8. Account login is protected by a two-factor authentication system (2FA).
9. Ability to send money to business partners, friends and relatives via SMS.
10. Ability to send money to business partners, friends and relatives via e-mail.
11. Ability of accepting payments in cryptocurrency on your website or online store by installing a special module from PointPay Multi-currency Wallet. Instantly withdraw money earned to your bank card or any other wallet.
12. Ability to track all transactions performed in the section “History of transactions”.
13. Ability to recharge your mobile phone balance and pay utility bills using the PointPay Multi-currency Wallet.

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 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.

Security

In recent years, hackers have damaged hundreds of millions of dollars in cryptocurrencies. Cryptocurrency itself attracts a huge number of investors, each of whom wants to maximize profits. The largest cryptocurrencies accumulate an impressive amount of digital currencies, making them an ideal target for hackers.

PointPay’s cryptocurrency exchange takes security most seriously and offers the following mechanisms to protect traders from malicious users:

• DDoS – protection from CloudFlare service;
• Two-factor authentication (2FA) when you log into your account and withdraw funds;
• 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.

Tokenomics

PXP Token – Utility Token

1. Trading within bi-currencypair 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 specially made platform – 10 PXP;
6. Daily PXP holders will get returns proportional to the amount of tokens held on each of the cryptocurrency wallets exposed on 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 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.

Funds allocation

PointPay token Distribution

Roadmap

2018 Jun 25

PointPay Company Registered
POINT PAY LTD (Company No.11431098)

2019 Q2

Token sale campaign launch and announcement: May 22, 2019
Round 1 – $0.10 per token May 22 – Sep 1
Round 2 – $0.20 per token Sep 2 – Nov 10
Round 3 – $0.30 per token Nov 11 – Jan 19

2020 Q1
Filling for the following licenses:
・ Reg.D license
・ EMI license UK
・ EMI license Estonia
・ EMI license Eurozone
・ EMI license Singapore
・ Banking license Cayman Islands
Main crypto exchange features completed
PointPay Multi-currency Wallet
iOS, Android apps released (PointPay Multi-currency Wallet, PointPay Crypto Exchange platform)

2020 Q2
Gateway crypto services development begins
Crypto merchant services development begins
Fiat support, purchasing crypto for fiat available
PointPay Crypto Bank v1.0 development begins

2021 Q1
License granted:
・ Banking license
・ EMI license UK Granted
・ EMI license Estonia
・ EMI license Eurozone
・ EMI license Singapore

2021  Q2 
Main PointPay Crypto Bank features completed

2021  Q3
iOS, Android apps released (PointPay Crypto Bank)

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Author:
badlam
https://bitcointalk.org/index.php?action=profile;u=2606564