[ANN] PAYMENTBOX - Unique Payments Solution | Token Sale & Bounty coming soon!

[paymentbox]

PAYMENT BOX

We Transform and Simplify the Way We Pay

Website |  Telegram | Twitter | Medium

Video - PaymentBox Explainer

Video - Hear from the team

What is PaymentBox
PaymentBox is a decentralized blockchain-backed Secure Payments Platform that provides a simple way for online purchases. No more entering a credit or a debit card during checkout. The purchase is validated on the corresponding mobile app: either on your own mobile device or delegate the payment request to someone else's. All transactions are verified to ensure security, accountability and convenience.

Problem

• It’s difficult to make an online purchase without a credit card, a debit card, or without access to your bank account.
• It’s difficult to pay for another individual’s purchases without giving up your own financial information, or having to be physically present complete the transaction.
• It’s not easy to delegate payments to a friend or groups of friends, and be able to give them extra “interest”in return.
• There is a need for a decentralized system of records that shows proof and transfer of ownership to protect all parties in an ecommerce transaction.
  

Solution
Payment Delegation
Consumers have the option to delegate the payment request to another person (e.g. think teenagers/college students shopping and need parental approval), which traditionally has been a pain point involving sharing sensitive information or needing to be physically present. PaymentBox provides a secure and convenient option where you can select an in network trusted friend or phone number to delegate payments to. Once selected, PaymentBox sends the transaction request to the selected person for payment. A smart contract is created and the transaction recorded in the ledger.

Payment Approval Chain
Additionally, PaymentBox’s delegation model enables proof of ownership and the transfer of ownership from one entity to another in a chain without the need of third-party intermediaries.

Payment Sharing
Sometimes we need help when purchasing a big ticket item. PaymentBox makes it easy to ask for friends to help in time of need. Users can choose to assign a request for payment to a group of friends in their PaymentBox network or social network (Facebook, Instagram, etc). As an incentive, PaymentBox includes a reward platform whereby the borrower can specify a reward for someone who helped make a payment. It is also possible to specify a reward one is willing to give for help making a payment. Multiple friends can bid and the highest bid wins the contract.
Anyone on the platform can provide rewards in a form of PaymentBox token.

Ecosystem Incentives
Customers
We are offering PaymentBox tokens (PAYT) to incentivize bootstrapping of promote strong user participation. PaymentBox tokens can be obtained from the public exchange, and PaymentBox/merchant promotions and incentives. Each time a user completes a transaction with PaymentBox, a percentage of the transaction will be rewarded back to the user as PaymentBox tokens.

Merchants
In addition to user incentives, merchants also receive tokens to participate in the PaymentBox ecosystem.Merchants receiving PAYT-based transactions will not pay transaction fees. In addition, even when a merchant receives a credit card transaction, a portion of the transaction fee is given in tokens back to merchant as an incentive. Merchants have the option to incentivise their customers through PaymentBox promotions and discounts.

Example Use Cases
Business Procurement
You want to purchase a toner for your office printer.  Instead of going through a cumbersome expense report process, use PaymentBox.   PaymentBox sends the payment request through the approval chain.  Once the payment request has gone through the approval chain, the PO is approved, and the order can be made.  No third party intermediary is needed and all transactions are recorded and can be audited later.

Parental-Approved Payment
Want to pay for your children’s purchase without giving them your credit card? With PaymentBox, a child can shop online and initiate the payment process with their parents’ phone number.  Parents can then review the shopping cart and approve the transaction. No need to give a credit card number to anyone.

Whitepaper
English | Chinese | Russian

More coming soon!

We will be announcing more details on our bounty program and token sale soon (you can find token sale allocation on our website). If you'd like to stay tuned and get all the latest updates on the project, sign up for the email list at paymentbox.io

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1715004723

[l10no]

check this out www.daneel.io to be a perfect partner in the development of PAYMENTBOX to be a decentralized payment platform

[pantherx12]

i think, in this solution blockchain it's not necessary.
if some good team developers want to do this, they do.
or i something don't understand.

[HighBeam]

Sounds like an interesting project. How do you see the blockchain being used in a payment system?

[paymentbox]

Blockchain is used to keep record between transactions.   In the case of payment approval chain, smart contracts are created between each level.  Once all the necessary parties approved the transaction, the contract is executed, and the transaction is completed.   Payment sharing is another example of where blockchain and smart contract are used.  All of the user's previous transactions are recorded in the blockchain network, which can be used to determine is the user is trustworthy to share a payment with.

[paymentbox]

There are a lot more ways we are using blockchain technologies to make the payment more secure and convenient.  Checkout our Website or telegram for more discussions. 

[paymentbox]

First real estate transaction in Blockchain.

https://cointelegraph.com/news/vermonts-pilot-program-completes-first-us-all-blockchain-real-estate-transaction

Now this is another potential place for delegation platform

[paymentbox]

Forbes Now: Understanding The Role Of Artificial Intelligence In Payments. http://google.com/newsstand/s/CBIw4uP5_Tc

Something to think about for the payments.

[Krezz2017]

The developers in my opinion approached the problem of Internet commerce with knowledge. Having thoroughly studied the trade through the Yandex Market and GooglePay, they presented their technology.

[paymentbox]

The whole team is heads down working hard and we will have more announcements soon. Stay tuned and thanks to many who've subscribed to our email list to stay upto date on the project. We hope to create a healthy and passionate community.

[Olivia Keyton]

I have done all the requirements. Waiting for Bounty. See you all the way up.
Maybe it's will be the next Bitcoin.. Who know 😄 Very interesting))

[paymentbox]

erc20 token is what will be created

[paymentbox]

We are preparing for the bounty.  It should be available soon