What can you tell about The 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.