PointPay.io CRYPTO BANKING ECOSYSTEM

The crypto-industry ecosystem is developing by leaps and bounds. It’s becoming more attractive not only for investors who view the cryptomarket as a way to get maximum profit in the shortest possible time, but also for ordinary users who value cryptocurrencies for their fast transaction functionality, anonymous calculations and absence of any kind of intermediaries.
Cryptocurrency platform PointPay notes that many people like the idea of “finance without borders”. That is why the number of people actively using cryptocurrencies is steadily growing and approaching the psychological mark of 50 million people. Cryptocurrencies’ number growth dynamics is also rapid. If in 2010 the number of cryptocurrencies could be counted on the fingers of one hand, then in 2018 their number exceeded 2000 and has greater chances of reaching 2500 by the end of the year.1 It’s noteworthy that the exchange is a kind of virtual bridge connecting blockchains of different cryptocurrencies and providing a platform for buying and selling them. But at the same time, the number of crypto exchanges, the daily trading volume of which exceeds US $1,000, is much less – just about 200.2

This fact is quite explainable: in contrast to the meager funds required to issue an own token or coin based on a smart contract – the cost of creating a crypto exchange varies from tens to hundreds of thousands of euros. It’s costly – so, not every crypto entrepreneur can afford to pay this amount of money.
Moreover, crypto exchanges serve themselves as an ideal target for hackers – attackers have managed to steal a total of more than one billion dollars.3 The question of which crypto exchange to use in order to keep funds or trade remains open. No one gives a 100% guarantee of safety of funds. Security is one of the key points of traders’ concern. In addition, crypto-community calls to make exchanges the core of a cryptocurrency ecosystem with enhanced user functionality.
People ask to integrate not only traditional dual-currency pairs with exchange rate charts, but also other state-of-the-art tools, on which the movement of funds would be tied. That would automatically solve the issue of deficit liquidity. Such a need has long been overdue in a crypto community. It will undoubtedly appreciate the team of innovators, who will not only offer a safe platform for trading and storing cryptocurrencies, but also develop the functionality to invest in crypto banks specially created for this.
The Solution to the “Crypto Assets Depreciation”
Problem

The PointPay cryptocurrency platform team formulated its proposals on how to solve this problem and outlined 3 consecutive steps. On the one hand, these proposals will allow traders and holders to gain access to the extended user functionality and make the funds aimlessly stored on the crypto wallets work. On the other hand, the project will be given the opportunity to grow from the traditional, conforming to today’s tough security requirements, the exchange to the cryptocurrency analogue of PayPal, which can rightly be called a crypto bank of the 21st century –
PointPay Crypto Bank. So:
1. Issue of 500,000,000 PXP tokens based on the ERC-20 smart contract;
2. Creation of a platform with the ability to purchase tokens, sales revenue of which will be allocated for development of products;
3. Building of a closed-loop ecosystem consisting from the PointPay Crypto Bank, PointPay Crypto Exchange platform and PointPay Multi-currency Wallet.
Calculation functionality of these products will be tied to PointPay tokens to make a valuable payment unit from them. This will be simultaneously implementing both with obtaining licenses from financial regulators, and developing functional for a daily cryptoback accrual to PXP token holders. Hence, it will be a significant technological aid for building the PointPay Crypto Bank.
Disadvantages of Existing Crypto Banks

Why is the PointPay Crypto Bank the best? Cryptocurrency and blockchain ecosystem is rapidly gaining popularity among users all over the world. While there are many separate platforms on the market allowing buying, trading, selling and managing cryptocurrencies, there is definitely a void in terms of having a platform with “All-in-one” approach. As seen from the comparative analysis table below, the major market players are heavily focused on providing a limited array of services and there is a definite lack of a user-friendly “all inclusive” platform.
PointPay Crypto Bank (“PPCB”) will be a part of the “All-in-one” utility token-based blockchain ecosystem, provide cryptobanking services one would find readily available in fiat currencies. We are building PPCB to breach the gap between the convenience of cryptocurrencies and functionality of a traditional bank. PPCB will be filling this underserved niche by offering everyday users a full spectrum of banking services. The goal is to build a convenient, intuitive online banking platform, so even a non-technical user can benefit from all the services PPCB has to offer without the complications, currently associated with the blockchain technology.
Benefits of PointPay Crypto Bank over Conventional Banking
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