Bitcoin Forum

Pay Protocol (PAY)
The world’s most viable end-to-end crypto payment platform
       
ABOUT
Pay Protocol is a simple and convenient cryptocurrency payment platform for both e-commerce and retail use. It is a cryptocurrency project supported by Danal, a payment company based in South Korea. By combining Danal's 20 years of experience in payments with blockchain technology, Pay Protocol aims to mitigate the pain points of traditional payment systems, mainly excessive intermediary processes and high fees caused by them and slow payment schedules.

SOCIAL
https://payprotocol.io
https://www.facebook.com/payprotocol
https://twitter.com/@payprotocol
https://www.reddit.com/r/payprotocol
https://t.me/payprotocol

PARTNERS
https://danalinc.com
http://www.dalkomm.com/english
http://www.newmargin.com/site/aboutus_en.asp
https://gifto.io
http://www.threepro.com

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VALUES

Customer Friendly
Online and Offline Multi-Currency Payments
Token Rewards for Transaction Participation
Familiar Payment Experience Integrated with Cryptocurrency
Cryptocurrency-Enabled Cheaper Payments Options
 
Merchant Integration
Convenient Payment Integration
Low Fees and Real-Time Settlement
Promotion through Merchant Tools (Discount, Installment, Coupon, etc)
Multi-Cryptocurrency Settlement for Merchants (Fiat or Crypto)
 
Payment Ecosystem
New Tokens Generated and Distributed
Real-Time Exchange of Cryptocurrencies
Ecosystem Populated by Third Party Service Providers
Partnerships with Danal's Pre-Existing Network

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FEATURES
   
Accessible
PayProtocol aims towards bridging the gap between users and merchants through blockchain technology. Which is why we provide an easy integration tool fit for both retail and e-commerce settings.

Pay Protocol provides API and SDK for e-commerce integration, development API for retail Point of Sale (POS) device, and smartphone POS apps for merchants that cannot install POS systems. This allows us to connect all payment channels via a single solution.

Multi-Cryptocurrency
Pay Protocol allows users and merchants to choose the currency when trading. Pay Protocol supports a broad range of cryptocurrencies, including BTC, ETH, and stable coins, and fiat money as well. Users and merchants are then free to use whichever currency they want when they make and receive payments.

Additionally, Pay Protocol has an integrated native token PAY. Validators are chosen based on the Pay Token Holder's votes. Pay Tokens contribute to the Promotion Pool that incentivizes trading. A portion of the Pay Tokens are credited to the Customer Payback Pool. Staked Pay Tokens also enable faster settlements.

Merchant Friendly
Pay Protocol has obtained over 20 years of payments knowledge and merchant relationships from Danal, and has the ability to provide an effective management system based on the transaction data.

Pay Protocol provides an integrated merchant management system that allows merchants to manage their transactions, apply promotions, and specify other payment-related policies. Using this system, merchants can manage their information and data for each channel under a single window, select promotions including discounts and coupons, and manage other transaction policies.

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PRESENTED BY DANAL
$5 Billion Market Share in South Korea’s Mobile Payments
100K+ Online & Offline Partners & Merchants

Danal, Inc. is a provider of mobile business solutions, enabling mobile payments, mobile commerce, marketing, and mobile wallet services. Danal's platform offers financial institutions and major retailers groundbreaking mobile transaction risk management services, and streamlined, customer conversion solutions that lower customer abandon rates during registration and checkout.

Danal’s Key Clients
https://www.naver.com
https://www.7-eleven.com
http://www.coupang.com
https://www.smilegate.com/en/main/main.asp
https://www.emart24.co.kr/index.asp
https://www.nexon.com/Home/Game.aspx
http://global.gmarket.co.kr/Home/Main?sL=MW
https://www.kakaocorp.com/?lang=en
https://www.kfc.com
https://www.skplanet.com/eng
https://www.blizzard.com/en-us

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ROADMAP

2018 Q3
PoC for  Online / Offline payment
Testnet Launch

2018 Q4
Mainnet Launch

2019 Q1
Online / Offline Payment Service Open (Korea)

2019 Q2
Online Payment Service Open (Asia)

2019 Q3
Online Payment Service Open (US)
Offline Payment Service Open (Asia)

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ADVISORS

Andy Tian
CEO of Asia Innovations and Head of Gifto Project
CEO and co-founder of Asia Innovations Group (AIG), a leading mobile social entertainment group in Asia
Through AIG, aims to bring China's advanced mobile social products and business models to the global market
https://www.linkedin.com/in/andytian

Dr. Jin Ho Hur
SEMA Translink Investment
Turned venture capitalist with 20+ years of start-up experience in Korea
Joined SEMA Translink Investment in 2014 as managing director and partner
https://www.linkedin.com/in/hurjinho

Dr. Joon Yong Choi
New Margin Capital Partner
Representative of New Margin Capital Korea and Partner of New Margin, a well-known blockchain VC in China
Seoul National University B.A.
Beijing University of China MBA Master's Degree
Chinese Academy of Social Sciences Ph.D. in Economics
Operating Korea-China Synergy Fund worth $100 million
Co-author of Korea's Economic Outlook and Future Industry Strategy Report with Professor Keun Lee of Seoul National University

BOARD

Anthony Cho
CEO
Experience operating businesses with mobile operators and payment partners in China
Obtained the license required to service WeChat in South Korea
Advanced skills for businesses in China
http://linkedin.com/in/jinkon-cho-358b6016a

Eddy Ryu
CTO
Developed South Korea's first carrier billing
Enhanced the overall quality of carrier billing by simplifying APIs and development process
Successfully maintained a payment system that was free from critical errors for 20 years

John Lee
COO
Marketing, PR, and policy development
Polished simplified payment systems with K-Bank
https://www.linkedin.com/in/%EB%8F%99%EC%B6%98-%EC%9D%B4-4111a154

Neo Jin
CFO
Structuralized asset liquidation in the payments industry, first among payment gateways
Won against taxation lawsuit
15 years of experience in accounting, finance, and tax
https://www.linkedin.com/in/%EC%A7%84%EC%B0%BD%EC%9A%A9-%EB%8B%A4%EB%82%A0-%EC%A7%84%EC%B0%BD%EC%9A%A9%EC%8B%A4%EC%9E%A5%EB%8B%98-861bba11a

David Lee
CSO
Experience in starting new services and investing in start-ups
Worked closely with global companies to help accelerate their projects targeting South Korea
http://www.linkedin.com/in/jongmyun-lee-6a7a05116

Young Il Kim
CMO
Previously worked at various banks in China
Operated numerous payment projects including mobile remittance and cross-border payment platforms
https://www.linkedin.com/in/young-il-kim-3ba1aa137

TEAM

Jung Wook Shin
Technical Director
Operates the mobile carrier billing system
Designed Danal’s billing service RMS and FDS
Designed user tier model in carrier billing
https://www.linkedin.com/in/%EC%A0%95%EC%9A%B1-%EC%8B%A0-40803616b

Sang Hyun Kim
Technical Director
Seoul National University B.S.
Payments process designer
Participated in various new development projects and operates system construction
https://www.linkedin.com/in/sanghyun-kim-13813316b

Means Kim
Lawyer
Passed the judicial examination in 2011 and completed the Judicial Research and Training Institute in 2014
Currently serving as Chief Legal Officer at Danal
https://www.linkedin.com/in/%EB%AF%BC%EC%88%98-%EA%B9%80-2b961216b

Jae Hoon Kim
Marketing Manager
Highly experienced in user verification services
Led diverse marketing projects in payments and e-commerce
https://www.linkedin.com/in/%EC%9E%AC%ED%9B%88-%EA%B9%80-47a00b16b

Julie Hahn
Marketing Manager
Manages the overall operation of international payments and merchant onboarding
Operates projects with various partners and merchants and assists with marketing heavily focused on overseas
https://www.linkedin.com/in/julie-hahn-69bb21133

The protocol provides payment management system that allows users and sellers choose the currency when trading easy integration tools suitable for both retail settings and e-commerce. It helps us quick transactions. I am sure this project will be successful with ease. :)

Do you plan to have a token sale for this project and if so how much would you be seeking to raise?

 An amazing project! I really like the community in the project. A project without drawbacks, everything is done simply and easily.

Token sale details will be announced soon. Please join the chatroom beforehand.

Introduction to Pay Protocol
https://payprotocol.blog/86

“Pay Protocol” aims to simplify cryptocurrency payments. Centralized payment systems are burdened with intermediary fees while contemporary crypto-payments requires high level of technicality. Which is why Pay Protocol has partnered with “Danal” one of the […]

USA 2018 Award of Innovation Award by Institute of Knowledge Economy “Mobile Authentication Security Problem”
https://payprotocol.blog/91

We are facing a revolutionary change in the mobile industry. Since this shift of technology has changed our daily lives, electronic devices such as smartphones and tablet PCs have become inextricable from everyday activities, and […]

Danal Enters Blockchain Field, Establishes Subsidiary Company “Pay Protocol”
https://payprotocol.blog/109

Today’s society enjoys the benefits of mobile innovation. Mobile innovation also applies to financial services, making it easy to use payment services through mobile devices, including tablet PCs and cell phones. However, mobile authentication, a […]

Pay Protocol Attends the Biggest Blockchain Conference in South Korea, ‘Huobi Carnival’
https://payprotocol.blog/119

Pay Protocol has attracted much attention in the industry by participating in various blockchain conferences, including Huobi Carnival. Pay Protocol is a recent subsidiary of Danal, a South Korean payments company that holds a $5 […]

Token Sale details will be out soon. Please subscribe to the newsletter for updates :)
https://payprotocol.io

Pay Protocol signs partnership with New Margin Ventures
https://payprotocol.blog/141

Pay Protocol, a blockchain payment project that has been steadily gaining attention in the industry, has entered into partnerships with a number of companies. The company was recently established by Danal, a South Korean payment […]

Pay Protocol Attends “Consensus Singapore 2018”
https://payprotocol.blog/165

Pay Protocol’s attendance to “Consensus Singapore 2018” is attracting global attention. The Pay Protocol Team was able to successfully attend this conference, thanks to the support of Pay Protocol’s strategic partner “Danal”. Danal, which is […]

Pay Protocol, provider of an exquisite payment service
https://payprotocol.blog/179

Pay Protocol is an innovative payment service based on blockchain and is attracting local industry’s attention. With the blockchain boom in recent years, a variety of attempts were made to simplify the supply chain by […]

Pay Protocol signs partnership with Japan’s 3PRO
https://payprotocol.blog/184

Pay Protocol’s online and offline payment services are expected to create a synergy through global partnerships. Pay Protocol has recently partnered with 3PRO, a Japanese system provider that records 11.4 billion yen in annual sales, […]

Pay Protocol attends the world’s biggest blockchain meeting, Blockchain Partners Summit 2018
https://payprotocol.blog/207

Pay Protocol, along with many promising projects in the field, has joined blockchain leaders and fans at 2018 Blockchain Partners Summit (BPS). South Korea’s payment gateway Danal, that provides a convenient mobile payment solution around […]

Pay Protocol at Blockchain Accelerate Conference in Korea
https://payprotocol.blog/214

Pay Protocol attended the Blockchain Accelerate Conference 2018 this year in Seoul. Pay Protocol is a blockchain project supported by Danal, a payments company currently processing over $5 billion US dollars in South Korea’s mobile […]

Pay Protocol attends Global Blockchain Summit
https://payprotocol.blog/231 (https://payprotocol.blog/231)

Pay Protocol participated in the Global Blockchain Summit, one of Asia’s largest blockchain events. The company has attracted much attention by offering an efficient value proposition to both users and merchants. […]