PAYPORTAL IS MAKING THE FOREIGN CURRENCY REMITTANCE SYSTEM EASIER AND FLEXIBLE FOR EVERYONE

Foreign currency remittance is one of the most crucial tools for developing a country’s development goals. This is a very important tool for the growth of national economy, and as the world is widely becoming a global village for every nation, foreign currency exchange is becoming more and more popular instrument to increase the reputation of a nation. At present most of the nations of the world are implementing different strategies for increasing the remittance flow in their domestic market. Governments are encouraging their citizens to go abroad and transfer foreign currencies in for the growth of national reserve. The more a nation receives foreign remittance, the more the national economy will grow as the national bank reserve can accumulate extra currency inputs for the growth of their vault. But, sending foreign remittance is not easy for foreign duelers. It requires complying with numerous legal issues and documentation procedures which are not very easy to handle. Moreover, state banks have to go through several complex legal procedures before they can receive and convert the foreign currencies into their native one. And for all those reasons the foreign remittance system still cannot grow as per its potential. The world is becoming more and more competitive. So, we have to expand our reach as much as possible. And to do so there is no alternative to developing the foreign remittance system within our nation. To do so, we require a system which can not only manages the foreign currency exchange but also can convert them with less legal obligations and with utmost simplicity. And the company which has responded to this need is the PAYPORTAL.
In this article, I am about to represent the PAYPORTAL and its fascinating online platform which is making the remittance system easier than before and is creating a hassle-free ecosystem for easy foreign currency conversion using cryptocurrency.
THE IMPORTANCE OF REMITTANCE FOR ECONOMIC GROWTH
Remittance is very essential for the growth of national economy. The currency flow through this system increases the reserve of foreign currencies and by converting those currencies into local currencies banks or financial institutions can generate profit for themselves. Moreover, as the remitted amount is being used by the local people, therefore it also helps families to develop their financial status. And as families become solvent, the economy of a nation rises. This economic growth contributes to achieving MDG and helps in the growth of GDP for a nation, and by doing so the nation gains a good reputation in the global community. So, it is essential to make remittance system simpler for the remittance generators, so that they can contribute more in the national economy. But, it is a matter of regret that due to security reasons remittance system has to go through numerous legislative complexities. And due to these complexities, the system cannot grow as it should have.
PAYPORTALS STRATEGY TO SIMPLIFY REMITTANCE SYSTEM
PAYPORTAL platform is a cutting-edge technology and security protocol integrated platform. This is a simple gateway with a sophisticated architecture where users can use platform tools easily but hackers or other malicious entities cannot breach the network security. And by using all kind of cutting-edge technology and secure network protocol the PAYPORTAL team aims to create an easy and secure solution for remittance transfer from the citizens who live in abroad and works for the development of their families. The platform uses the following technologies,

1. Decentralized Network
2. Smart-contract System
3. PPTL Token
4. Automatic Currency Conversion System
   And the way the platform is utilizing these technologies within its system can be sated in the following manner,
5. Decentralized Network
   The decentralized network system of PAYPORTAL allows the database system of the platform to be completely secure and unreachable by third-party entities. The blockchain decentralization is securing all data of users and their payment history within decentralized highly encrypted blocks protected with private keys. The remittance provider’s data is ensured to be secured by this blockchain facility and the providers can monitor and track their payment in the PAYPORTAL system. Now remittance generators can send remittance juts by using a simple decentralized platform without having to think too much about their fund’s security.
6. Smart-contract System
   PAYPORTAL smart-contract system is supported by secure blockchain technology. Using this system the platform ensures contract security and proper execution of financial contracts between the system and the remittance generators. Moreover, all the contracts within the system have pre-set conditions which are created by considering user needs effectively. So, anyone with no previous experience can use the platform with ease.
7. PPTL Token
   This is the liquidity of PAYPORTAL ecosystem. The token is a stable and secure payment medium for the users of the ecosystem. The tokens are well-structured and designed using a top-notch standard that exists in the present global financial ecosystem. The token is built using the following specifications,
   • Token Building Platform: Ethereum
   • Token Standard: ERC20
   • Token Type: Utility
   • Token Price: 1 PPTL= 0.002 ETH
   • Total Token Supply: 20, 000, 000 PPTL
   • Token For Sale: 14, 500, 000 PPTL
   • Hard Capital: 3, 000 ETH
   • Soft Capital: 24,000 ETH
   Apart from the structural benefit, the token circulates using a well-structured tokenomics. The tokenomics details can be described by the following diagram,

Here, as you can see users within the PAYPORTAL ecosystem PPTL token flows directly from the users who use it for pay bills, recharge their mobile balance or remit foreign currencies to the platform system and then reaches to service provider within the platform. For sending cryptocurrencies users have to purchase token first and then they can transfer. The users can also send FIAT currencies through PAYPORTAL network in a similar way as cryptocurrencies, but in that case, they can do it directly. The remittance providers can send money directly using FIAT or they can purchase PPTL token and then they can send them to their families. But, their family members should also have to use PAYPORTAL application to receive remitted funds in their account.
And if the payments are done via retailer and distributors, then the users send their funds to them and they send it to PAYPOTAL system and the system then manages their funds and transfers these funds to their receivers.

1. Automatic Currency Conversion System
   The system has automatic currency conversion system. With this system the remitted amounts are now can be converted directly into local currencies and the receivers can get the converted funds directly through PAYPORTAL ecosystem without going through any legal restrictions.
   If you have more questions regarding PAYPORTAL please visit, https://ico.payportal.in/, or, you can read their detailed whitepaper from, https://ico.payportal.in/docs/White_paper_Payportal.pdf.
   And if you wish to know about PAYPORTAL project, in brief, you can watch their video from,

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Join PAYPORTAL and enjoy the hassle-free remittance transfer services, so that you can send earned foreign currencies for the welfare of your loved ones.

PAYPORTAL WEB AND FORUM LINKS ARE AS FOLLOWS
A. Company Website: https://ico.payportal.in/
B. Whitepaper Link: https://ico.payportal.in/docs/White_paper_Payportal.pdf
C. TrackIco Rating: https://www.trackico.io/ico/payportal/
D. Telegram Group: https://t.me/PPTLchat
E. BitCoinTalk Thread: https://bitcointalk.org/index.php?topic=3285962.0
F. Bounty platform: https://payportal.bountyplatform.io
G. E-mail: [email protected]
H. IcoBench Rating: https://icobench.com/ico/payportal
I. Facebook Group: https://www.facebook.com/PayPortalOfficial/
J. Twitter Pages: https://twitter.com/PayPortal_India
K. Linkedin feed: https://www.linkedin.com/in/payportal-services-private-limited-146372158/
L. Github pages: https://github.com/pmrio/solidity
M. YouTube Channel: https://www.youtube.com/channel/UCzeDcqxd45d9_YDPKwT-jBg
N. BitcoinTalk User Name: nwc.computer
O. BitcoinTalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1272506