PAYGINE; THE SOLUTION TO GLOBAL FINTECH

chikky08 (46)in #blockchain • 6 years ago (edited)

INTRODUCTION
There is a massive revolution in the investment market with stringent measures of capital control by numerous countries to regulate money flow and taxation. And there is a regular subjection of bank transactions which involves digital currencies to lots of limitations and restrictions. Blockchain technology is an excellent alternative to fiat money, creating a digital contractual world of transactional transparency and efficiency leading to massive revolution. Paygine, a blockchain-based and white label solution which is an open financial platform has been designed to create convenience in cryptocurrency transactions for all business in the global FinTech community. The platform, built on a high dependable transactional model, is created to solve digital currency circulation challenges, ensuring absolute convenience for doing business.

AIMS OF THE PROJECT

Basically, the platform is looking forward to building an efficient new system by buying two banks(one in the Caribbean, and another Europe) in the jurisdiction comfortable to operate with crypto currency. The platform hopes stabilize and standardize the relationship between crypto and fiat, raising a had cap of $30,000,000, without separating from the reality in the FinTech market and the real world of cryptocurrency.

The platform is aiming to provide white label services designed strictly for business and FinTech companies that are interested in using digital currencies such as peer-to-peer platforms, insurance companies, e-Wallet, etc, for their work. Paygine aims at providing legal financial cover to their customers in order to eliminate complaints on full compliance with local and international legislation.

CHALLENGES
The numerous problems include traditional bank's refusal to operate an account or block or even block the already opened ones involved in cryptocurrency transactions, basically expressing fear to work with crypto currencies and FinTech platform.
Another challenge lies is the enormous task of maintenance and demonstrative compliance of some cryptocurrencies due to the nature of its rapid change and diversity in the regulatory requirements, thereby making it very complex. Other problems associated with the open financial system are high technical banners which makes the purchase of cryptocurrency confusing for users, high fee rates, slow transaction confirmation process, the absence of interaction with existing bank accounts and funds in fiat currency, lack of merchants who accept their currency, difficulty in converting among various cryptocurrency, etc.

SOLUTION
In order to build an efficient, easy and safe solution for the integration of cryptocurrency into business, Paygine has adopted a transactional model, operating under the Best2Pay technologies. Of high value is the fact that Paygine leverages off present Best2Pay technologies and services adopted by FinTech business, e-commerce, etc. Utilizing Best2Pay, Paygine allows the transfer of cryptocurrency which is used for payment for goods and services at online stores to a bank card. At a highly reduced cost, cross-border transfer of fiat currencies is carried out at ease with cryptocurrencies.

The Best2Pay allows clients to accept online payment in just a day. It projects the implementation of tedious projects taking into consideration the unique specification of business processes, target clients, etc.
Best2Pay is rapid, easy and updated, evolving for the new world. The cost of the transactional interchange is surcharged by the Bill Payment System by 42.8%, and offers the most favourable conditions for banks.
Using an e-commerce and FinTech Focus Project, the technology is the foundation if a real successful processing center serving more than 1.5 million subscribers awaiting an increment of 34% monthly. With the capacity to rapidly and conveniently convert funds between them, it maintains both fiat currency and cryptocurrency. With the White Label model, the platform makes available tools for payments to be made by customers using brand names.

THE PAYGINE TOKENS

Name and logo of the token:

PGC

1.00 PGC = 1.00 USD

Blockchain:

Ethereum, ERC20

Tokens distributed among the investors of the project will be

41 508 000 PGC (27.35%)

Tokens distributed among the project team members will be

22 500 000 PGC (14.83%)

Tokens allocated to the reserve will be

86 550 392 PGC (57.03%)

Tokens retired to the bounty will be

1 191 608 PGC (0.79%)

57.03%14.83%27.35%0.79%

Total number of tokens:
151 750 000 PGC

Scheme of the funds
distribution:

Buying the bank (64.9%)

Staff (18.3%)

Legal expenses (registration, license, consultations) (4.8%)

Operational expenses (0.3%)
Lease (1.3%)

Buying software and its setting (10.3%)
The cost of the PGC token is fixed at 1PGC to $1 serving as the functional tool of the platform. Disregarding the token value in exchange, PGC equality will not change during payment for platform services. A PGC could be cheaper than a US Dollar, yet, product purchase and payment for services goes on based on the calculations.

CONCLUSION
Paygine, adopting Best2Pay, is an excellent solution offering the easiest and fastest financial operations, integrating Cryptocurrency into business.

POTENTIAL TEAM