PAYGINE

jabrik789 (7)in #bitcoin • 6 years ago

Hello to lover blockchain

The activity of collecting and channeling funds is the main activity of banking. While the activity of providing other Bank services is only a supporter of both activities above.

Understanding of raising funds means to collect or seek funds (money) by buying from the public in the form of savings current accounts, savings and deposits. The purchase of funds from the community is carried out by the Bank by putting in place various strategies for people to invest funds. Type of savings that can be selected by the public are savings current accounts, savings, certificates of deposit and time deposits in which each type of existing savings has its own advantages and advantages. This fundraising activity is often referred to as funding terms.

The strategy of banks to raise funds is to provide stimulus in the form of attractive and profitable remuneration. Such remuneration may be in the form of interest for a Bank based on conventional principles and profit sharing for a Bank which is based on sharia principles. Then other stimuli can be cendra mata, gifts, services or other services. The more diverse and rewarding the rewards will increase the interest of the people to save their money. Therefore, the banks must provide various stimuli and trust so that people are interested to invest in the bank.

Furthermore, the definition of channeling funds is to throw back the funds obtained through the savings of demand deposits, savings and time deposits to the community in the form of loans (credit) for Banks based on conventional principles or financing for a bank based on sharia principles. This fund distribution activity is also known in banking with Lending terms. In addition to lending, the Bank also provides loan services to credit recipients (debtor) in the form of administrative costs as well as fees and commissions. As for the Bank based on sharia principles based on profit sharing or equity participation.

However, on the PAYGINE platform fewer people know how to use it to fulfill their promise as a digital but non-hackable exchange tool that allows us to transact instantly and securely, and it can not be controlled by governments, banks or other intermediaries.

The PAYGINE platform is a decentralized platform with cryptocurrency with easy to buy goods and services, either online or in retail stores

Paygine is a financial platform designed to offer cryptocurrency-related services for both individuals and businesses, allowing for easier, faster, and less expensive currency transactions in a variety of usage scenarios. In short, Paygine is designed to help consumers and businesses use cryptocurrency as simply any other currency, in everyday life.

For individuals, Paygine allows people to quickly, easily, and securely:

• Maintain wallets in both fiat currencies (USD, EUR, RMB, etc.) and cryptocurrencies (BTC, ETH, etc.) with the ability to convert funds between them

• Transfer cryptocurrency to and from a bank card

• Pay in retail stores and online stores using their cryptocurrency

• Carry out worldwide, cross-border transfers of any currency with a minimum
costs

For the business user, Paygine allows retailers to accept cryptocurrency as a payment for goods and services at their place of business or online storefronts, and then automatically convert those payments into the currency of their choice.

Why Cryptocurrency?
Cryptocurrency and the innovative blockchain technology behind it are more than passing fads or investments. They help democratize banking and exchange services, making them available to billions of people around the world.

With cryptocurrency, no central bank is required. Instead, users can directly exchange currency, goods, or virtually anything of value with other users. Such an
exchange is:

• Digital. It does not require physically mailing documents, titles, or satchels of
cash.

• Instant. Much like sending an e-mail, the transaction can be transmitted
world-wide in seconds.

• Secure. The military-grade encryption used by the system renders it unhackable.

• Worldwide. It is available to anyone, anywhere.

• Non-discriminatory. No central authority can block access or transactions.

The possibilities are truly endless, and the advantages are clear. Money can be traded, spent, saved, or used instantly, between friends sitting across a table or strangers from different corners of the Earth. No government can prevent rebels or charities from exchanging and using cryptocurrencies within their borders, nor can they prevent people from taking their funds with them and using them throughout the world-no border searches will detect or confiscate cryptocurrencies. No banks can pick and choose which banks are located; instead, anyone with a computer or smartphone can access the system.

SOLUSION
Due to the technical and regulatory complexities of each country, acceptance of traditional payment instruments like bank accounts, credit cards, and cash.

Paygine will solve this problem by offering a universal open financial platform, which will connect the worlds of cryptocurrency and traditional payment instruments.

Initially, Paygine intends to buy two banks in jurisdictions: one in Europe (presumably Switzerland), and another in the Caribbean. This will allow Paygine to ensure the stable operation of its financial platform around the world.

The system will be built in the jurisdiction in which each of the banks is located, enabling it to provide full-fledged services to clients from different regions.

DISTRIBUTION OF TOKENS