[ANN][ICO] BAAPPAY - The Evolution of the Payment Platform is Here

[Baappay]

Is the Virtual terminal equivalent to an escrow?

No, because we will release the funds instantly to the merchants. However, there will be a resolution center, if any disputes / fraud were to arise.

[dipok07]

I think it will be great payment Platfrom in 2018

[james1009]

2 days will be Presale . Do we have to register KYC ? Thank you !

[joy90009]

Project seems interesting. Looked at your paper and you say that you are building an paygate system. I am actually concern about your Smart POS.Do you have any real product POS in life.Thanks

[Baappay]

2 days will be Presale . Do we have to register KYC ? Thank you !

KYC will only be performed if the investor wants to pay via USD, thus, they would need to register with us, prior to purchasing.  For payment via cryptocurrency, no, there is no KYC

[jessica9009]

I see that  your is still not have much advisors . I love your idea , love your concept project . But I think you will have lots of work to do . So you will need some expericence advisors in payment field

[Baappay]

Project seems interesting. Looked at your paper and you say that you are building an paygate system. I am actually concern about your Smart POS.Do you have any real product POS in life.Thanks

Yes, we have two devices in production, "SPOS" Smart Payment Terminal and the "MPOS" which is a mobile terminal that can enable your phone, tablet or desktop to take payments. Our point of sale software should be available for public beta testing within the next couple of weeks. Following that release, we shall have a demo video, displaying the software's features on our smart payment terminal. Within 3-5 month we shall have completed the deployment Architecture integration of both devices, meaning that we can plug in any payment gateway, be it ours or a third party. In additional transmission of payment and devices will be PCI certify.

[danie161]

I am allways has a huge belief in any payment platform. I've made the math and I think that I can get at least 5x what I put in after bonus ends. Nice way to get some of the money I lost in the last month. Thinking about giving some more ethereum to this project

[zyrenhufalar11]

 good to see this project, we have to support a project like this, it's very detailed. I hope this team will be successful. God bless this team

[jacob161]

I think I will jump in then. Bonus is quite good, probably the best on the market right noww.

[teoco162]

What is your key strength if compare with some enormous centralized system like: Paypal , Payoneer

[Baappay]

I think I will jump in then. Bonus is quite good, probably the best on the market right noww.

Thanks! pre sale start March 1- March 20

PRE SALES PRICES- including %20 bonus
8400      BAAP  =   1 BCH
1500      BAAP  =   1 LTC
8.4        BAAP  =   1 XRP
63000    BAAP  =   1 BTC
5040      BAAP  =   1 ETH

[Baappay]

What is your key strength if compare with some enormous centralized system like: Paypal , Payoneer

There are a a few strengths,
Crypto
- We accept and integrate cryptocurrency
- guarantee cryptocurrency confirmation in seconds
- convert fiat & crypto
- Crypto ecom payment gateway
- crypto exchange

Fiat-
- both companies niche is the online market, however, we are are attempting to make a niche for both markets, brick & mortar and online
- we offer smart payment terminals

Also we offer a fully functional point of sale system, integrating both crypto and fiat- accounting,employee management, inventory etc.

[teoco161]

Why your team only have one blockchain developer ? This is a big project . I thought you will need more experienced developer

[Baappay]

Why your team only have one blockchain developer ? This is a big project . I thought you will need more experienced developer

Good question, we actually have more than one blockchain developers, however, we only listed one (we listed Khuswidner Singh before, however, he needed permission, thus we took it down until he does). We also have some other team members, yet, due to their current employment contracts, are not allowed to be associated with another team/project. Also, if you notice, our team advisor is Jonathon Dunford, from ForkDelta exchange, he and his team have been assisting us as well.

[Baappay]

I see that  your is still not have much advisors . I love your idea , love your concept project . But I think you will have lots of work to do . So you will need some expericence advisors in payment field

Our main team members, Praveen Korukonda, Ivan Menalo, Venugopal Pokala all have experience in the banking and payment industry. Our CEO, Sukhpreet Singh has experience in retail payment industry. However, in the near future, we shall announce our additional partners and advisors.

[shivansps]

Looks nice.

But there are many competitors already. There is Pundi X solution with POS devices and they are going to deploy them soon.

What about your regulatory approvals?

[Baappay]

Looks nice.


But there are many competitors already. There is Pundi X solution with POS devices and they are going to deploy them soon.

What about your regulatory approvals?

We personally do not believe that there is a comparable  product to BaapPay on the market. Yes, there are similarities with different projects, however, they do not offer all the functionalities into one project.  One project may offer a liquidity pool, however, they might not offer fiat merchant services. Another project may offer a Appstore,  however, will use a third party to process their payments, and etc.  Our platform combines many aspects; Payment gateway, POS, and app store and even a cryptocurrency exchange.  Also, will do not want to be dependent upon third party services, ie, processing payments under a third visa/mastercard account, as they may deny your service at any time, if some sort of issues were to arise.

Pundix looks like a really great project, however, I think you are comparing two different projects. Unlike Pundix, on our platform, our merchants do not have to use our POS system. A third party company can develop and deploy their own POS app on our system.  In this situation, merchants would just use our payment gateway, devices, app store.  Example.  company X is a well know POS software company, they can develop and deploy their app onto our platform. Company X would not be limited to only our platform. As they may have another payment processor for their android/ ios platform.  Company X now offers their customers different options and are not restricted to one payment processor. In addition, developers may port apps from android or develop specialty apps for our devices and integrate them into any POS app.

We also offer a economical device, “MPOS” which can turn your desktop, mobile or tablet into a payment terminal.  Another feature is the liquidity pool, giving merchants the option to convert crypto in fiat and guaranteeing the transaction in seconds.

As for product deployment, we are not that far behind Pundi X(in terms of deploying the same type service), as our POS should be ready for public beta testing within the next couple of weeks and a full release soon after. Within 3-5 months we shall have completed the deployment architecture integration of both devices, meaning that we can plug in any payment gateway, be it ours or a third party. ( which is what i think they are deploying now). Therefore, even though we will started 4 months after them, if were were deploying the same services,(we still have the payment gateways and app store to develop) we would only be 3-5 months behind.  Also, we are not sure if they are offering PCI certified devices, however, in most first world countries, ie North America, Many European countries etc. only PCI certified devices are allowed to be integrate and transmit payments. However, with that said, it still looks like a great project.

As for regulations, it is dependant upon each region and country. Each will have their own rules and regulations that must be complied with. Thus, our system will have limitations and will be developed to each region’s regulations which would be relayed according to the users IP.

[teoco161]

Why your team only have one blockchain developer ? This is a big project . I thought you will need more experienced developer

Good question, we actually have more than one blockchain developers, however, we only listed one (we listed Khuswidner Singh before, however, he needed permission, thus we took it down until he does). We also have some other team members, yet, due to their current employment contracts, are not allowed to be associated with another team/project. Also, if you notice, our team advisor is Jonathon Dunford, from ForkDelta exchange, he and his team have been assisting us as well.

Is there any software developed or is this project just an "idea" and you'll think of what to do later?

[Masteriano4423]

What is your transaction speed ? Now VISA can handle on average around 24 500 transactions per second . In Crypto Ripple is number 1 with 1500 per seconds.