PayPro: The New Way of Banking

Blockchain, the now well-known technology behind bitcoin, has grown significantly since its inception. It is currently employed by various startups, consultants, and large financial service providers. Its unique features allow it to store data in a secure and decentralized manner.

The blockchain is a unique technology that stores and keeps track of data on a cloud-based software. People could easily access this information through their computer with the help of blockchain's public ledger, thus eradicating the need for a middleman for monetary transactions.

Following in the footsteps of other startups is the online banking system of PayPro. With the help of Blockchain and Smart Contracts, PayPro will be able to create an ecosystem that is safe, inexpensive, transparent and efficient. It is an online banking service that could be used by various applications.

About PayPro (http://www.payproapp.com/)

PayPro is designed to be a decentralized bank that uses Smart Contracts and can be used for making online payments. The PayPro team is developing a Wallet that will allow users to store crypto-currencies and any other ERC-20.

The PayPro project was initiated in 2015 and got regulated by the Financial Conduct Authority. They started off with online payment services in 25 different currencies and helped users save up on hidden bank fees. This helped increased the demand and kick-start the project.

The idea behind the project is to create a decentralized financial-marketplace that would allow users to invest in various projects by buying their tokens and storing it in the form of assets in PayPro. Their main motive behind this ambitious project is to bridge the gap between the outdated banking services and the new era of cryptocurrencies, for their users.

PayPro is a unique project, in the sense that it will be able to perform the functions of a bank in a decentralized manner. Users will be able to track their assets and their liabilities using the blockchain technology. It will allow people to store their crypto assets such as currencies, loans, and other investments.

How it works ( http://www.payproapp.com/)

PayPro will enable users to invest in other cryptocurrencies by using their tokens (PayPro Token) as a common tool. Users will be able to store currency and spend it.

Each user will be provided with their unique wallet where most forms of cryptocurrencies will be accepted. However, the PayPro Token (PYP) will act as the main cryptocurrency and will be easily exchangeable for any other currency. According to their whitepaper, all services offered in the marketplace and all transactions fees will be charged only in PYPs.

The common functionality of the PayPro token will allow for a standard to be created and investors from all over the world will be able to participate on this platform.

The PayPro platform will allow suppliers and consumers to interact with each other in a safe and efficient way. Suppliers will be able to give in their services on the PayPro marketplace and consumers can then select from these available services.

PayPro would even have a feature that would allow users to rate suppliers, in order to have only the best suppliers on their platform. This will help them to keep the platform decentralized and can even help them assure service that is predominantly client focused.

Conclusion

Owing to the growing demand for blockchain backed projects, PayPro seems to show a lot of promise. The eco-system of PayPro ( http://www.payproapp.com/)will create a unique platform that can be accessed globally and in a secure fashion. One of the main advantages of this project is the fact that it will be transparent and decentralized. The public ledger of blockchain will prove convenient for users as it will be able to record and track all of the transactions that take place.

In order to raise funds for PayPro, the PYP tokens will be up for sale. The pre-sale period will take place from the 8th of January to the 15th of January, while the main sale period will last from the 15th of January till the31st of January.

Keeping in mind all these advantages and the experienced team behind the project of PayPro, it can be concluded that it will go on to be a profitable investment for both users and investors, alike.

For more information visit:

Website: http://www.payproapp.com/

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