We all use our phones to communicate with our loved ones and do a lot of transactions on them. This is regulated by the telecommunications sector and this is growing very fast and having a large number of users. The increase in the users of this sectors can be connected with the development of mobile devices as they use the modern technology. With the improvement of this sector with high tech equipments, it enables the users to have a lot of benefits such as a very low tariff plans, low Internet bills and having a very great options.
This is evident in a country like India where the customers make use of retail shops to make mobile recharges, transfer money and pay utility bills. As such, a lot of these retail shops now transact and make agreements with utility providers but an issue popped up, there wasn't enough workforce to handle this service. This is where this platform comes into action.
What is PayPortal?
This is a platform that was developed to connect the customers, utility operators, banks and other services. This enables the cross border money transfer and it will make financial transactions to be much more easier thereby giving way for a swift and secure business. Its ecosystem was designed to handle and take care of all its users and satisfy their needs. This platform uses the blockchain technology to to further their aims and goals.
Problems that Led to the Development of the Platform
There is an upsurge in the number of migrants in India and this necessitated the need for cross money transfers. There was the need to address the use of global remittances caused by these migrants. So this platform solved the problem of money transfers with the use of a blockchain-based platform that will use its own cryptocurrency called the PPTL tokens. So this tokens can be used for all financial transactions done on the platform and can be exchanged into the Indian rupees.
Details of the Platform
It enables its users to connect their wallet to their phone number and its available in the form of a mobile application on the Apple AppStore and the Google PlayStore. To download this app isn't hard at all and it won't take more ghen five minutes to setup the application and register and connect the wallet. Apart from giving users a swift and reliable payment system, it also give users the ability to take part in bonus programs.
The major participants on the PayPortal platform is the distributors and they are one of the main players in the PPTL token distribution. So the platform integrates a business model that runs on commissions and all the participants will have to pay a service fee first. The platform partners with banks, mobile services, TV Operators, and other utility services. The retailers are in charge of serving the uses with these services provided in the platform and all these will lead to the development of the platform and increase its revenue.
Token Sale and ICO Details
The platform runs on the cryptocurrency PPTL and its an ERC20 token that runs on the ethereum blockchain. This isn't an equity token as it just shows the users loyalty to the platform. The total supply of this token is about 20,000,000 PPTL and its being sold at the public crowdsale for 1 PPTL= 0.002 ETH. It has a softcap of 3000 ETH and a hard cap of 24,000 ETH.
Details of the ICO is shown below
Links:
Website: https://ico.payportal.in
WhitePaper: https://ico.payportal.in/docs/White_paper_Payportal.pdf
Telegram: https://t.me/PPTLchat
Facebook: https://www.facebook.com/PayPortalOfficial/
Twitter: https://twitter.com/PayPortal_India
Medium: https://medium.com/@mariamabdulkarimova
ANN: https://bitcointalk.org/index.php?topic=3285962.0