Digital banks are coming in the marketplace – banks that can help you 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 standard monetary system.
Q: Inform us concerning the PointPay ecosystem. What tasks does it embody, and what providers does it present? Who’re your essential purchasers?
A: PointPay is a complete service supplier within the cryptocurrency market. Launched in 2018, PointPay already has a couple of million energetic 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, trade platform, cryptocurrency pockets, and fee 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 goal to offer a complete vary of providers in a single place. We’ve developed many revolutionary merchandise, corresponding to Launchboard, Escrow, and HR Expertise:
- PointPay Launchboard affords buyers the chance to be among the many first to put money into promising cryptocurrency tasks. Our purpose is to help the crypto financial system by offering our prospects with precedence entry to high quality rising tasks.
- 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 holding the client’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 obtainable? Inform us extra about it.
A: PointPay, a blockchain-based financial institution, permits customers to earn curiosity on 32 of the preferred 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 prospects can borrow and lend seven common cryptocurrencies with USDT as collateral. Cryptoloans don’t require a credit score test 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 arrange cryptocurrency acceptance with the assistance of your options?
A: A number of months in the past, we launched the Unified Steadiness System. Now customers have two accounts within the PointPay System – Common and Financial savings. Common Accounts can be utilized to carry out any transactions, corresponding to buying and selling on the trade, shopping for or promoting crypto, and many others. A Financial savings account serves as an interest-bearing account. It’s appropriate for holding your funds as you possibly can switch funds solely 3 instances per thirty days; in any other case, you’ll not earn curiosity in your funds.
PointPay Fee System permits prospects to purchase and promote digital belongings with a financial institution card for fiat currencies, corresponding to USD, EUR, GBP, and others. You possibly can simply purchase or promote belongings utilizing Visa, MasterCard, Financial institution Switch, and extra. We help over 50 main fiat currencies through our developed community of fee suppliers.
We’re planning to introduce recurring funds for particular person purchasers and companies in order that they’ll settle for periodic funds from prospects.
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 lets you earn passive revenue. This system supplies a straightforward strategy 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 might be on the finish of the interval.
We’re continually including new methods for purchasers to earn rewards. As an example, our new service Launchboard permits PXP token holders to vote on tasks that wish to be listed on our platform. In return, token holders will obtain challenge tokens.
Our customers can benefit from our cryptocurrency trade to develop their portfolios. We offer three kinds of interfaces: Basic, Superior and Fast Alternate. The Basic and Superior variations are meant for skilled prospects, whereas Fast Alternate affords simplified trade performance. We additionally provide a few 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 possibly can get pleasure from:
- Lowered Maker/Taker charges, relying on the variety of tokens you maintain;
- Incomes passive revenue on Financial savings accounts and Staking;
- Instantaneous commission-free transfers throughout the PointPay Ecosystem;
- Entry to promising revolutionary tasks on the Launchboard platform and far more!
We’re continually engaged on increasing the perks and bonuses for our token holders.
Q: Inform us concerning the firm’s plans for the subsequent 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 complicated options. We all the time observe the traits in cryptocurrencies to supply essentially the most related and in-demand merchandise. Quickly, we plan to launch a number of new options corresponding to Margin Buying and selling, Recurring Funds, ACH transfers, and far more.
In three to 5 years, we goal 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 attempt to turn out to be the primary cryptocurrency providers supplier on the planet.
