Blockchain technology will adapt to the current financial infrastructure. That means that all currencies we have now will be cryptocurrencies one day. Solely cryptocurrencies can be used for blockchains, so you have to have a suitable currency for the technology to work on the blockchain.
Nowadays, people see cryptocurrencies as a store of value. There is not so much focus on the technology that lives behind cryptocurrencies.
With blockchain technology, it is possible to make instant payments across the world. We can make them a low cost for businesses and develop new payment markets. One of those payment markets that is possible to foster thanks to blockchain technology is micropayments.
I'm introducing you to FYFY. We are on a mission to build a digital payment market infrastructure using blockchain technology. The days of traditional financing are coming to an end. I'm not sure if ordinary people will ever see it, but we will get more power over our data and what is done to our money.
Our vision until 2025 is that micropayments are adopted worldwide.
In cross-border markets, we have a competitive advantage over enabling very small transactions. For example, a 0.01€ transaction will be possible using our system, only paying Fyfy ecosystem a 1% fee for processing the transaction. While leveraging Solana's technology, we will be able to scale very big. Up to 60k transactions per second are possible, and transactions are instant.
All this might sound normal. Maybe someone would think that this is pretty cool, but why should I care about this?
Now comes the cool part. Blockchains are for people. The whole point of cryptocurrencies is that a person who holds the cryptocurrency can both have power over their assets, and influence on the future of the ecosystem. A cryptocurrency is working on top of this ecosystem, and our ecosystem will have a governance token called FYFY. That means that by holding FYFY, you will influence the ecosystem and how it is developed when our ecosystem grows. Our aim is that by 2030 we have our own mainnet. From the total supply of 100 million FYFY's, over 50 million is transferred to our ecosystem. As a result, people will govern our ecosystem as they become the majority holders of FYFY's.
Building a vision for the Internet's payment infrastructure - Where people govern it and develop it further takes time and massive effort. Within the past months, we have gained over 20 people from Finland to develop this infrastructure. We are raising PRE-ICO funding round this September 15 - December 15 with a funding amount of 500k - 2,5 million€. This funding is set to open in Finland.
Funding enables us to start paying our team for their work and hire new people to speed up the development of the ecosystem. Furthermore, it allows us to scale and plan a more extensive international ICO. With this funding, we will create our first product for the ecosystem called Fyfy Pay. Fyfy Pay supports major stablecoins, and is integrated into web stores that adopt cryptocurrencies and blockchain technology to their payment strategy. Fyfy Pay will be simple to use and to integrate as a payment solution. It offers lower fees than, e.g., Stripe or PayPal and enables instant payments from the customer to the merchant.
In this market, I don’t see that we have any competitors. Only partners and friends working on forwarding this same goal of blockchain adoption. We are all working to see blockchain adopted in the world because we understand how it improves society. There are no competitors. There is so much to do. So much to learn. The markets are huge. The opportunities and the risks are enormous. I'm willing to take the bet, and if you are or have started already, I'm glad for that. Welcome to the league. There will be plenty of cake for everyone who operates smartly.
Niklas Ansamaa
CEO
Fyfy Labs
Read our White Paper from
https://fyfy.io Join our Telegram
https://t.me/fyfyofficial 
