Announcing Fyfy - Decentralized crypto payment ecosystem

[tippytoes]

There are a lots pf projects who are offering the low cost and fast payment system and there are many projects coming based on solana network.
How Do you differentiate you from them and why should we choose you?

Fyfy ecosystem is built on the Solana blockchain, which is among the fastest blockchains available. The focus is to transfer stablecoins, for example, USDC over the network similarly to most known FIAT currencies, like EUR and USD. Fyfy aims to create a user-friendly environment in which the payment process is simple and convenient to use. And that's why you should choose us.

But as you aim to be a payment ecosystem, have you tried contacting at least couple of companies that may possibly interested to use a decentralized payment system? Also, this will only be used extensively if your token will be available in a lot of trading platforms. There are so many coins or tokens that are cheap already in terms of tx fees, let's say TRX.

So where do you think you will start here? In what exchange are you eyeing to list your SOL token? SOL network is getting their popularity in the market.

[Eversly]

Most of the Fintech target a single niche or group and run their work for that segment of market. But you have covered all the target group like business to business, business to customer and also peer to peer. Don’t you think this is too much for a new company and this can be a very bad idea?

[Fyfy]

There are a lots pf projects who are offering the low cost and fast payment system and there are many projects coming based on solana network.
How Do you differentiate you from them and why should we choose you?

Fyfy ecosystem is built on the Solana blockchain, which is among the fastest blockchains available. The focus is to transfer stablecoins, for example, USDC over the network similarly to most known FIAT currencies, like EUR and USD. Fyfy aims to create a user-friendly environment in which the payment process is simple and convenient to use. And that's why you should choose us.

But as you aim to be a payment ecosystem, have you tried contacting at least couple of companies that may possibly interested to use a decentralized payment system? Also, this will only be used extensively if your token will be available in a lot of trading platforms. There are so many coins or tokens that are cheap already in terms of tx fees, let's say TRX.

So where do you think you will start here? In what exchange are you eyeing to list your SOL token? SOL network is getting their popularity in the market.

Have to tell that you asked a very good question. Since we are Just started our journey we are continuously working on it. As the market is growing rapidly and there is a need for this service companies will join us soon.
Now we are having a presale and whenever are going to list on the other exchanges, we will let you know all the updates, please follow our social media.

And the fees, we are using the Solana network so you know that the low fee, fast transaction   and also our total reward system will be better than other tokens.

[Fyfy]

Most of the Fintech target a single niche or group and run their work for that segment of market. But you have covered all the target group like business to business, business to customer and also peer to peer. Don’t you think this is too much for a new company and this can be a very bad idea?

You have asked a good question. We also thought about that. As you know Fyfy is working to make the micro payments fast, low cost, user friendly and secured transactions of crypto assets, so it is for all the segment of current market. Because B to B, C to B and peer to peer all the segment faces the difficulty to make micro payment. It is not fair to serve one portion and other portion still have the same difficulty, that’s why we cover them all.

[Fyfy]

There are a lots pf projects who are offering the low cost and fast payment system and there are many projects coming based on solana network.
How Do you differentiate you from them and why should we choose you?

Fyfy ecosystem is built on the Solana blockchain, which is among the fastest blockchains available. The focus is to transfer stablecoins, for example, USDC over the network similarly to most known FIAT currencies, like EUR and USD. Fyfy aims to create a user-friendly environment in which the payment process is simple and convenient to use. And that's why you should choose us.

But as you aim to be a payment ecosystem, have you tried contacting at least couple of companies that may possibly interested to use a decentralized payment system? Also, this will only be used extensively if your token will be available in a lot of trading platforms. There are so many coins or tokens that are cheap already in terms of tx fees, let's say TRX.

So where do you think you will start here? In what exchange are you eyeing to list your SOL token? SOL network is getting their popularity in the market.

In addition to this, FYFY token it self is not going to be used for making payments. With Fyfy Pay you can use several crypto currencies to make payments. Then we swap the payment to stablecoin like USDC and transfer it to the merchant.

Right now we are negotiating with several different companies who are interested in using our service on their webstore.

[Aquiree]

There are a lots pf projects who are offering the low cost and fast payment system and there are many projects coming based on solana network.
How Do you differentiate you from them and why should we choose you?

Fyfy ecosystem is built on the Solana blockchain, which is among the fastest blockchains available. The focus is to transfer stablecoins, for example, USDC over the network similarly to most known FIAT currencies, like EUR and USD. Fyfy aims to create a user-friendly environment in which the payment process is simple and convenient to use. And that's why you should choose us.

But as you aim to be a payment ecosystem, have you tried contacting at least couple of companies that may possibly interested to use a decentralized payment system? Also, this will only be used extensively if your token will be available in a lot of trading platforms. There are so many coins or tokens that are cheap already in terms of tx fees, let's say TRX.

So where do you think you will start here? In what exchange are you eyeing to list your SOL token? SOL network is getting their popularity in the market.

In addition to this, FYFY token it self is not going to be used for making payments. With Fyfy Pay you can use several crypto currencies to make payments. Then we swap the payment to stablecoin like USDC and transfer it to the merchant.

Right now we are negotiating with several different companies who are interested in using our service on their webstore.

Ecommerce is booming after the covid breakout no doubt about that. But why do you think that users will use some service like this when there are already working service available and they are supplying what the market needs?

[Fyfy]

There are a lots pf projects who are offering the low cost and fast payment system and there are many projects coming based on solana network.
How Do you differentiate you from them and why should we choose you?

Fyfy ecosystem is built on the Solana blockchain, which is among the fastest blockchains available. The focus is to transfer stablecoins, for example, USDC over the network similarly to most known FIAT currencies, like EUR and USD. Fyfy aims to create a user-friendly environment in which the payment process is simple and convenient to use. And that's why you should choose us.

But as you aim to be a payment ecosystem, have you tried contacting at least couple of companies that may possibly interested to use a decentralized payment system? Also, this will only be used extensively if your token will be available in a lot of trading platforms. There are so many coins or tokens that are cheap already in terms of tx fees, let's say TRX.

So where do you think you will start here? In what exchange are you eyeing to list your SOL token? SOL network is getting their popularity in the market.

In addition to this, FYFY token it self is not going to be used for making payments. With Fyfy Pay you can use several crypto currencies to make payments. Then we swap the payment to stablecoin like USDC and transfer it to the merchant.

Right now we are negotiating with several different companies who are interested in using our service on their webstore.

Ecommerce is booming after the covid breakout no doubt about that. But why do you think that users will use some service like this when there are already working service available and they are supplying what the market needs?

There are a few strong traditional competitors in the field. For example, market leader Paypal had 392 million active accounts and 4.4 billion transactions with 285 billion of total payment volume in quarter one 2021. Additionally, almost 2 million websites use Stripe, which is payment processing software for online businesses. More specifically, SatoshiPay, and Strike are considered true competitors for Fyfy due to its focus on micropayments.

And we are confident that we can bring positive changes to this market and stand against the competitor.

[Mcinroy]

So, as you are working business to business model. You can’t  target the whole business world at a time.
What is your prime target or niche to serve for?

[Fyfy]

So, as you are working business to business model. You can’t  target the whole business world at a time.
What is your prime target or niche to serve for?

Fyfy ecosystem is primarily for e-commerce businesses and customers who use online shops to purchase goods or services. Fyfy suits those who seek a solution for secure and instant transactions with low fees.

[Nienhaus]

Hey there, you didn’t mention that What will be the transfer fees and how much time will it take to finish the transaction?
 Could you please answer it?

[Fyfy]

Hey there, you didn’t mention that What will be the transfer fees and how much time will it take to finish the transaction?
 Could you please answer it?

As we are lowering the fees we make the fees 1% and the confirmation time will be 0.5 sec customer to merchants. Which will on the record of smart contract.

[Boissre]

Micropayments are not a new concept. Since the mid-1990s, micropayments have experienced varying degrees of popularity. By definition, micropayments are transactions whose value is less than a certain threshold. How can I buy the tokens, what will be the procedure?

[Fyfy]

Micropayments are not a new concept. Since the mid-1990s, micropayments have experienced varying degrees of popularity. By definition, micropayments are transactions whose value is less than a certain threshold. How can I buy the tokens, what will be the procedure?

You can simply go to our website, there you will be found a button “Buy Token” just follow the link and rest is very easy you can do easily.

[Attig]

Micropayment consider one of the trickiest section considering other payment. It’s very small and hard to ledger
because of high volume. That’s why it’s fees generally a little bit higher. But you are going to keep the fees low.
Do you think you can make it profitable business model?

[Fyfy]

Micropayment consider one of the trickiest section considering other payment. It’s very small and hard to ledger
because of high volume. That’s why it’s fees generally a little bit higher. But you are going to keep the fees low.
Do you think you can make it profitable business model?

To this day, micropayments have been an unprofitable business for any company due to the high fees of a single transaction. Fyfy ecosystem enables microtransactions profitably by using blockchain as an underlying technology.

[Santailler]

I am little bit confused that what airdrops are actually be on this. because you mentioned private and the other thing which isn't clear to me. Can you please tell me that What are private and collective airdrops?

[Fyfy]

I am little bit confused that what airdrops are actually be on this. because you mentioned private and the other thing which isn't clear to me. Can you please tell me that What are private and collective airdrops?

Collective airdrops are meant to deliver for all the participants or the token holders in the ecosystem, independent of the individual activity. Private airdrops are meant to be allocated to individuals or groups of individuals who have made significant amounts of work for the ecosystem. In other words, private airdrops are rewards for those who have participated in the ecosystem development.

[Jagirllo]

As all of the transaction are being accomplished by using the fiat currency and you are going to work on crypto,
 How would you get people on board? If they continue to using fiat then there is no point to do this.

[Fyfy]

As all of the transaction are being accomplished by using the fiat currency and you are going to work on crypto,
 How would you get people on board? If they continue to using fiat then there is no point to do this.

You know that how world is changing, people are changing also their behavior.
We are going for a world where we will use crypto more than the fiat. We see a lot of activity
to be it the reality. Many corporate and organization allowed crypto and other are going to soon.
Then we won’t have to worry about it.

[Boisselle]

Hey i saw a thing that you called as treasury  escrow, What is Treasury escrow? And what is the purpose of it to fyfy payments, what kind of advantage it will bring to this ?