How to use Blockchain ?
The use of blockchain technologies is one of the most important tasks for the further successful development of the platform.
Server decentralization will keep wallets data safe in case of hardware failure or hackers attack. Implementing a cross border money transfers service between Indian migrants living abroad and their families in home country. As the Payportal has advanced experience in domestic money transfers, we plan to realize this part of the project based on the own blockchain and crypto currency PPTL Coin. PPTL coins will be acceptable as a means of payment and will be convertible into Indian rupees for the final leg of transaction. All fees will be applicable in PPTL coins:
1) Monthly subscription to Payportal services (Bharat Bill Payment system, Aadhaar Enabled Payment System) for retailers and distributors.
2) New retailer creation.
3) Retailer shifts to another distributor.
4) Emergency cash collection service that can be ordered by a retailer.
5) Distributor lending facilities.
Distributors will play the major role in PPTL coin transfers. Distributors buy tokens in the OTC market or crypto exchanges and make a smart contract transfer to the Company wallet. The transaction contains the value and Payportal wallet number of a receiver. Automatically PPTL value will be credited to a wallet owner who continues to use Payportal financial services. Upon expiration of the PPTL coins on a Payportal wallet, the services will be postponed.
