Bitcoin Forum
December 15, 2017, 10:34:31 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 [39] 40 41 42 43 44 45 46 47 48 49 50 51 52 »
  Print  
Author Topic: [ANN][ICO] PAYCENTOS - Bridging the Gap Between Cryptocurrency and Fiat  (Read 18720 times)
paycent
Member
**
Offline Offline

Activity: 98


View Profile
November 16, 2017, 04:57:34 PM
 #761

What’s the difference between Paycent and companies like TenX and Monaco?

We are entering Crypto from fiat by having licenses in place, EMI and Remittance licenses. It's not only debit cards. We have a dedicated mPOS and merchant app. That is hybrid it’s not only fiat. We have offices and over 70 people spread in 9 countries and expanding further in other countries too. The Cointelegraph article also explains it nicely Our business model is different in other words from TenX is fiat and crypto together. Hence our requirements are different from others Its not only debit cards, all licenses have a cost. Currently Fiat User App is available.

Paycent|ICO: 2-30 Nov '17|JOIN DISCUSSION
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513334071
Hero Member
*
Offline Offline

Posts: 1513334071

View Profile Personal Message (Offline)

Ignore
1513334071
Reply with quote  #2

1513334071
Report to moderator
paycent
Member
**
Offline Offline

Activity: 98


View Profile
November 16, 2017, 04:59:43 PM
 #762

Hello. Can companies use the exchange of assets in the crypto currency in order to avoid paying taxes?


We are not promoting tax evasion, all transactions are transparent.
But in most countries transactions using crypto currency are not regulated. Will those who commit them be able to pay taxes?

We are entering crypto from fiat by having licenses in place such EMI and Remittance licenses. So everything is legal. Please read our whitepaper for details: https://paycent.com/wp-content/uploads/2017/09/PYN-Whitepaper.pdf?v=7.6

Paycent|ICO: 2-30 Nov '17|JOIN DISCUSSION
paycent
Member
**
Offline Offline

Activity: 98


View Profile
November 16, 2017, 05:00:34 PM
 #763

Is there a charge on automatic conversion of crypto currency to fiat money?

There is a minimal fee of 1.5%. Keeping the fees low will be Paycent's priority as we are looking to add more users to the ecosystem rather than earning more profit. To know more about it, kindly read the whitepaper: https://paycent.com/wp-content/uploads/2017/09/PYN-Whitepaper.pdf?v=7.6
Does the size of the sum that I would like to exchange affect the size of the commission?

It is a percentage so the size of the amount is not relevant.

Paycent|ICO: 2-30 Nov '17|JOIN DISCUSSION
paycent
Member
**
Offline Offline

Activity: 98


View Profile
November 16, 2017, 05:02:14 PM
 #764

Good afternoon. Let's say I'm changing Bitcoins to Euro. In what currency will I be charged?


It will be a multi-currency wallet so you can convert your crypto to which currency you opted.

Paycent|ICO: 2-30 Nov '17|JOIN DISCUSSION
paycent
Member
**
Offline Offline

Activity: 98


View Profile
November 16, 2017, 05:07:05 PM
 #765

Will users be able to destroy any part of their tokens? Sell them far below the market price, for example?

Liquidity is always going to be limited as tokens will get burnt every time any paycent user buys or sells crypto using paycent.
Why are you going to sell the tokens below the market price?

Paycent|ICO: 2-30 Nov '17|JOIN DISCUSSION
paycent
Member
**
Offline Offline

Activity: 98


View Profile
November 16, 2017, 05:08:05 PM
 #766

Hello. What is the discount rate for merchants using mPOS solutions developed by your platform?

Please read the whitepaper under mPOS section: https://paycent.com/wp-content/uploads/2017/09/PYN-Whitepaper.pdf?v=7.6

Paycent|ICO: 2-30 Nov '17|JOIN DISCUSSION
paycent
Member
**
Offline Offline

Activity: 98


View Profile
November 16, 2017, 05:10:50 PM
 #767

I've attempted each swimming pools unsuccessfully using a MRR platform.

What do you mean by swimming pools?

Paycent|ICO: 2-30 Nov '17|JOIN DISCUSSION
paycent
Member
**
Offline Offline

Activity: 98


View Profile
November 16, 2017, 07:57:53 PM
 #768

Hello. I'm wondering if your debit cards will have an overdraft option.

None at the moment. But you may use the microloan feature.
And what interest rate will apply to the principal amount of this microloan?

It will be unique to every market but affordable. Lower median will be at 18% per annum & upper ceiling is at 44%. A lot of factors will play a role in defining this & this will be unique to a user’s profiling based on our internal data analysis as well.

Paycent|ICO: 2-30 Nov '17|JOIN DISCUSSION
paycent
Member
**
Offline Offline

Activity: 98


View Profile
November 16, 2017, 07:58:34 PM
 #769

With which stock exchanges have you already managed to reach an agreement?

We cannot disclose them as of the moment. We will disclose them when contracts are finalized.
Well, at least tell us about what volumes of liquidity are you talking about? Or is it also private information?

Private information

Paycent|ICO: 2-30 Nov '17|JOIN DISCUSSION
dayasinfo
Full Member
***
Offline Offline

Activity: 140



View Profile
November 17, 2017, 05:47:57 AM
 #770

Good afternoon. In which countries have you already obtained all the necessary licenses?

If you want to save the animals donate here :-)
12CtkEkgmNpe8iATWPeFF8VUcEfysmTN86
spacegt
Member
**
Offline Offline

Activity: 84


View Profile
November 17, 2017, 05:53:02 AM
 #771

Hello. What are the closest blockchain conferences where I can meet members of your team?
blackbitum
Member
**
Offline Offline

Activity: 84


View Profile WWW
November 17, 2017, 05:53:30 AM
 #772

How many people are already using your app at the moment?

nicolasbit
Member
**
Offline Offline

Activity: 98


View Profile
November 17, 2017, 07:39:04 AM
 #773

Can a virtual card be issued exclusively in a mobile app?
deort
Jr. Member
*
Offline Offline

Activity: 56


View Profile
November 17, 2017, 07:40:12 AM
 #774

Good afternoon. Are you going to create and develop a web version of your portal?
rocketbit48
Member
**
Offline Offline

Activity: 84


View Profile
November 17, 2017, 07:42:04 AM
 #775

Tell me please, when will your tokens appear on crypto currency exchangers?
energycrypt
Member
**
Offline Offline

Activity: 84


View Profile
November 17, 2017, 09:46:18 AM
 #776

Hello. Is there a limit on the maximum number of tokens purchased at once?
spacegt
Member
**
Offline Offline

Activity: 84


View Profile
November 17, 2017, 10:41:12 AM
 #777

Is there a charge on automatic conversion of crypto currency to fiat money?

There is a minimal fee of 1.5%. Keeping the fees low will be Paycent's priority as we are looking to add more users to the ecosystem rather than earning more profit. To know more about it, kindly read the whitepaper: https://paycent.com/wp-content/uploads/2017/09/PYN-Whitepaper.pdf?v=7.6
Does the size of the sum that I would like to exchange affect the size of the commission?

It is a percentage so the size of the amount is not relevant.
No, I meant that the minimum commission is 1.5%. And what is the maximum?
Forspareparts
Member
**
Offline Offline

Activity: 98


View Profile
November 17, 2017, 10:46:42 AM
 #778

Good afternoon. Let's say I'm changing Bitcoins to Euro. In what currency will I be charged?


It will be a multi-currency wallet so you can convert your crypto to which currency you opted.
Are they converted directly or first converted to tokens of your platform, and only then to the fiat currency?
thelastofas
Member
**
Offline Offline

Activity: 84


View Profile
November 17, 2017, 11:52:10 AM
 #779

Will users be able to destroy any part of their tokens? Sell them far below the market price, for example?

Liquidity is always going to be limited as tokens will get burnt every time any paycent user buys or sells crypto using paycent.
Why are you going to sell the tokens below the market price?
I'm not talking about myself; I'm just trying to consider all possible variations of events. After all, won’t there be a minimum selling price set by the platform?
paycent
Member
**
Offline Offline

Activity: 98


View Profile
November 17, 2017, 03:18:10 PM
 #780

Good afternoon. In which countries have you already obtained all the necessary licenses?


Mostly from Asia at the moment, Singapore, Philippines, UAE but finalizing Indonesia and others.

Paycent|ICO: 2-30 Nov '17|JOIN DISCUSSION
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 [39] 40 41 42 43 44 45 46 47 48 49 50 51 52 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!