In case no one saw it cos now the servers crashed lol
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Hey Everyone,
You've heard of PayPal and probably use a credit card from Visa, Mastercard, American Express or Discover. But what do these global technology companies have in common?
Banks. These global payment companies were created by banks to process transactions between the banks and customers that use their cards and services.
As a global medium of exchange, credit cards as a digital payment process have provided huge benefits to customers and financial institutions. But there are increasing challenges and serious issues today.
Retailers and customers have grown accustomed to high transaction costs, customer service issues and disputes. Everyone is worried about identity theft and other more serious business and transaction issues.
Banks are the foundation of every existing mainstream payment "solution". Everyone has experienced, at one time or another, frozen funds and poor security practices and we now live in a world where our money and identity is at risk with every transaction.
But there is good news. We all know the promise that cryptocurrency has as a powerful new global medium of exchange. We can use new technology to address these challenges. Bitcoin proved the concept of digital scarcity with inexpensive, peer-to-peer transfer of value. Paycoin is perfecting the technology for mass adoption by the general public. Our vision and plan is to take cryptocurrency mainstream for the first time.
Today we are announcing a new digital payment platform. We have been building and acquiring some of the best technologies available since the earliest days of Project Prime. . It’s the cryptocurrency infrastructure behind the digital transfer that enables us to provide value for our customers. We envision a future with a convenient, lower cost option besides Paypal, credit cards or traditional banks.
This new service is Paybase, a worldwide payment platform for Paycoin. You all are the first in the world to hear about Paybase, outside our company, and we will share more details of our bold new strategy and plan as they develop in the future.
When our team started building Paybase alongside Paycoin, we set the goal of providing our customers with a superior online payment platform. We have been buying companies over the past few month combine all the best features of a payment technology and allow us tobuild best digital payment platform possible -- one that could only be built alongside the best coin on the planet with features you could only dream of having with a payment solution.
Paybase customer features and benefits include:
Auto convert to BTC- any merchant that presently takes BTC will already be compatible with Paycoin. Paybase will auto convert to BTC when a bitcoin address is used
Debit card access- purchase anywhere a debit card is accepted
ATM partnership- exchange paycoins for other currencies all over the world
Switch back and forth between Paycoin, BTC and FIAT in real time
Send money to anyone in the world. If they don’t use Paycoin, they can even convert it to their local currency.
Through a recently formed partnership, when Paybase launches, it will also be merchant compatible - with any merchant that uses Shopify or PayPal. We will be making an official press release on this soon.
Our recent aquisaitions will allow for features like:
Bill Pay- Paybase will auto detect the company you are paying. If they don't use Paycoin yet, it will convert your paycoins into a check and automatically mail it to them
Browser plug in to allow you to shop at major retailers and check out with Paycoin.
Total security and insurance for your entire balance.
Total integration into social media sites like Facebook, Reddit, and Twitter so you can tip your friends and favorite bloggers.
Historical-tracking that records everything... in a way that you can actually understand and use. You'll even be able to integrate to accounting software.
As if that wasn’t enough to make Paybase the most advanced transaction processing platform yet conceived, we are creating an investment fund to finance companies building Bitcoin 2.0 applications to integrate into Paybase - encouraging the community to build its’ own solutions into our open platform!
Our team will release more details through our website and show the world what a fully-featured blockchain can do.
My main message today is that if you were designing an online global payment system today, you would focus on the customer, not banks, and build a solution to address their needs. Paybase will change online payments, forever.
Paybase will launch around December 15th 2014. Check out the timeline here
-Josh/CEO
PS. I have attached some screen shots of Paybase below. I hope you enjoy them
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I did however chuckle at this line "Banks are the foundation of every existing mainstream payment "solution". Everyone has experienced, at one time or another, frozen funds.... "
No Josh, I cant say I have had my funds frozen, ever, or even threatened too. Have you ?
NP darkangel11
