POINTPAY: THE ECOSYSTEM

INTRODUCTION

Blockchain simply refers to a growing list of records, called blocks, that are linked using cryptography, with each peculiar block containing a cryptographic hash of the previous block, a timestamp, and transaction data known as the Merkle Tree. It can also be a transparent, trustless and immutable publicly accessible ledger that allows the transportation of units of value using public key encryption, by users. The blockchain data is resistant to unauthorised modifications, and can be managed by a peer-to-peer network collectively adhering to a protocol for communication and validating new blocks. Once recorded, the data in any given block cannot be altered retroactively without alteration of all subsequent blocks, which requires consensus of the network majority. Although blockchain records are not unalterable, blockchains may be considered secure by design and exemplify a distributed computing system. Decentralized consensus has therefore been claimed with a blockchain.
The potential for blockchain technology is not limited to bitcoin, a cryptocurrency. Other cryptocurrencies include Ethereum, Litecoin, Ripple etc. A cryptocurrency (or crypto currency) is a digital asset that is utilized as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets.Cryptocurrencies Blockchain as opposed to centralized digital currency and central banking systems. Blockchain was invented by an individual, entities (or group of people) with the moniker Satoshi Nakamoto in 2008 to serve as the public transaction ledger of the cryptocurrency bitcoin.The identity of Satoshi Nakamoto is unknown. The invention of the blockchain for bitcoin made it the first digital currency to solve the double-spending problem without the need of a trusted authority or central server. The bitcoin design has inspired other applications, and blockchains that are readable by the public are widely used by cryptocurrencies. Blockchain is considered a type of payment rail. A payment rail is a payment platform or a payment network that moves money from a payer to a payee. Either party could be a consumer or business, and both parties are able to move funds on the network.Credit card rails are the credit card payment system. Blockchain is considered a newer type of payment rail, as are centralized electronic payment systems such as PayPal, Payeer, NetMoney or Venmo. If the transferred funds are available immediately, a payment rail is referred to as a real-time rail. Immediate payments – also known as real-time payments, instant payments or faster payments – enable businesses and consumers to make and receive payments in real time, providing convenience, speed, and faster availability of funds.

                                                                                        THE POINTPAY ECOSYSTEM

PointPay is starting the development of all-in-one cryptocurrency ecosystem, which will provide the ultimate convenience for our customers in accessing all cryptocurrency related services within one platform. We plan to launch an extended version of PointPay Crypto Wallet, extended version of PointPay Crypto Exchange and a fully licensed PointPay Crypto Bank. Several companies announced their plans to implement similar vision, but none of them were able to fully execute on it so far.
We hope to become the first company who will be able to successfully implement a fully licensed all-in-one solution for crypto and fiat currencies on the global market.
Pointpay is changing the crypto experience of traders, investors and developers, alike. This is through an all-in-one solution that includes the Pointpay Exchange Platform, the Pointpay multicurrency Wallet and the Pointpay Bank. It also integrates a payment instrument, The PointPay Payment System which utilizes payment cards and Point-of-Sales devices, a robust and quick support system, all fueled by a Pointpay token PXP. All these would be dissected later on.

THE POINTPAY EXCHANGE

A cryptocurrency exchange or a digital currency exchange is a business that allows customers to trade cryptocurrencies or digital currencies for other assets, such as conventional fiat money or other digital currencies. A cryptocurrency exchange can be a market maker that typically takes the bid-ask spreads as a transaction commission for is service or, as a matching platform, simply charges fees.
The Pointpay Exchange is designed to be a Centralized Cryptocurremcy Exchange, because of the following reasons. A Decentralized cryptocurrency exchange has a lot of advantages. They are – the complete anonymity of the user, and the absence of personnel managers that may be interested in price manipulation within the exchange itself. However, many decentralized cryptocurrency exchanges are usually managed by smart contracts, so those cryptocurrencies that do not support this technology cannot be bargained on decentralized exchanges. It automatically entails a problem of poor liquidity, and this, in turn, leads to low trading volumes.Also many decentralized cryptocurrency exchanges do not possess a robust support service that could promptly answer questions from traders. Taking into account these facts and a desire to work with fiat currencies that is a priori unavailable to decentralized exchanges, the developers of the PointPay Crypto Exchange platform have decided to implement the best features of a centralized exchange.
The Pointpay Exchange intends to offer characteristics and features which are desired but unavailable in top exchanges all over the world.
These mooted features include

Funds deposit in fiat
Funds withdrawal in fiat
Tokenized assets trading (stocks, ETF, natural resources). Here, a trader comes to the exchange with fiat and cryptocurrency funds; buys tokenized assets that are traded on the PointPay crypto Exchange platform (transactions can occur not only at the expense of own funds that are on the account balance, but also using leverage in the ratio 1 to 10); PointPay buys the asset class selected by the trader on Capital.com; The trader sells a tokenized asset that is on his balance, or keeps it until it grows in price; The trader withdraws the money earned to his account in the cryptobank.
Staking-based profit sharing model to PXP holders
Referral system
Referral exchange
Trollbox chat for traders
Leveraged trading
24/7 support
Voice ID to log in
Face ID to log in
Futures contract trading
OTC-trading

THE POINTPAY WALLET

A cryptocurrency wallet is a device, physical medium,program or a service which stores the public and/or private keys and can be used to track ownership, receive or spend cryptocurrencies.The cryptocurrency itself is not in the wallet. In case of bitcoin and cryptocurrencies derived from it, the cryptocurrency is decentrally stored and maintained in a publicly available ledger called the blockchain.
The Pointpay wallet is the wallet of the future and is the world’s first multi-currency crypto wallet based both on SPV architecture and Payment Сode ID. Simple Payment Verification (SPV) is a technique described in Satoshi Nakamoto’s paper. SPV allows a lightweight client to verify that a transaction is included in the Bitcoin blockchain, without downloading the entire blockchain. The SPV client only needs download the block headers, which are much smaller than the full blocks. To verify that a transaction is in a block, a SPV client requests a proof of inclusion, in the form of a Merkle branch.SPV clients offer more security than web wallets, because they do not need to trust the servers with the information they send. The wallet is already available on the Google PlayStore for Android, and would soon be available for iOS via the AppStore.
The Pointpay Wallet incorporates features that are enviable by other wallets. 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 POINTPAY BANK

A crypto bank is a banking institution that engage in the standard range of money-related activities like deposits and withdrawals, savings, lending and borrowing, and investing in a wider range of instruments and markets, integrating cryptocurrencies. They’ve also gained legality in the eyes of local financial organizations.
The features of Pointpay Banking solutions include

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.

THE POINTPAY PAYMENT SYSTEM AND POINT-OF-SALES

The PointPay Payment System (PPPS) which is one of the brain child of the Pointpay, aims to solve one of the most pressing issues in the cryptocurrency space - liquidity of crypto assets. While they are normally intended as payment methods, actually spending cryptocurrency is no easy task, especially when the vendors accept only FIAT payments. PPPS solves this by integrating with payment providers and leveraging its own cryptocurrency exchange platform.

THE POINTPAY TOKEN

The PointPay token, PXP, is a utility token, running on the Ethereum Blockchain, with a maximum supply of one billion tokens(1,000,000,000) and a circulating volume of five hundred million tokens(500,000,000). It is priced from $0.1 to $0.3.The main function will be to perform internal payments inside the crypto exchange. The further expansion of the token inside crypto-ecosystem will be insured by establishing a platform which will allow representatives of the crypto community to emit their own tokens and run crowdfunding token sale campaigns. PointPay Team considers the issue of creation an economic model to be fundamental. It will become a foundation for mutually beneficial relations between traders and the rest of the crypto community.

THE POINTPAY SUPPORT
This would be a robust and reliable support, and is already available for the Exchange, Wallet and App. It would be soon available for the Bank.

Pointpay Resources

Website https://pointpay.io/
Whitepaper https://cdn.pointpay.io/WhitePaper__en.pdf?cache=1.4
Onepager https://cdn.pointpay.io/OnePager__en.pdf?cache=1.4
Ecosystem https://cdn.pointpay.io/PointPay_Ecosystem__en.pdf?cache=1.4
Telegram https://t.me/pointpay_talks
Linkedin https://www.linkedin.com/company/pointpay/about/
Facebook https://www.facebook.com/PointPayLtd
Twitter https://twitter.com/PointPay1
Reddit https://www.reddit.com/user/PointPay
Youtube https://www.youtube.com/channel/UCS-_VDX97myxM5yLPYezH-w

About the Author
Joseph Johns is a successful Emergency Medicine Physician and an ardent cryptocurrency and Blockchain connoisseur
Bitcointalk Username: Redoc
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2409725
Eth Address: 0x8dC02f9a3255C0cE32536E698447F2E3915AE948

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