Omni Payments Platform for Payments (OTPPAY) is a wallet based on blockchain technology having the aim to replace or abridge existing traditional banking systems by using OTPPAY Crypto Bank payments, transfers, currency exchange and lending options. It provides a unique and easy-to-use platform which makes payment possible, it will allow people to use their favorite cryptocurrency in order to pay vendors/merchants or make personal transfer instantly at low fees. OTP PAY provides vendors/merchants with the safety of receiving funds in fiat currency.

Because of their unique concept, OTPPAY will be the world's largest platform in which major crypto assets can be bought, traded and even used to make payments merchants to full-fill daily needs such as buying coffee, purchasing services like taxis, paying rent etc.

The pain point of crypto to fiat conversion by the merchant is bridged. Through their innovative artificial intelligence and machine based learning order/transaction matching engines OTPPAY will convert any cryptocurrency to OPTPAY tokens and those tokens into fiat currencies in a matter of seconds.

Token Allocation

OTPPAY has planned for 1 billion tokens allocation, in which 200 million tokens will be kept as reserved with OTPPAY management, which will be used according to the needs for the technological development and for the operational expenses. Apart from this, they have allocated 70 million tokens as private investors for business collaborations, industry tie-ups and partnerships with different tech organizations to attain a good relationship with them.

The PRE-ICO stage will involve the sale of 3750 ETH worth of tokens. Once the market attraction ratio crosses their minimum set value, OTPPAY will kick off the process for main ICO stage 1 in which 37500 ETH worth of tokens will be issued. In ICO Stage 2 they will issue another 30000 ETH worth of tokens. So, in total, 600 million tokens worth a net sum of 71250 ETH will be issued during the PRE-ICO and ICO stages.

111 million tokens will be used for the bonus and the 5% referral reward programs for all participants to achieve their goals. Finally, 19 Million tokens will be kept for our smart working employees or pillars of organization and for public contributors by means of technology or value-added service providers. All the unsold tokens will be burnt at the end of the ICO.

Conclusion

OTPPAY is committed to creating 100% transparency and reliability with firms and consumers. This way customers are not fooled by the zero percent commission deals in fiat currency conversion. With OTPPAY users just tap the standard NFC terminal / Scan the QR with their smartphones or using OTPPAY Debit Card. A small percentage of 0.5% OTP tokens is charged as a transaction fee. The transaction fee is relativity smaller in comparison to other ways. Without OTP to purchase a cup of coffee in a shop using cryptocurrencies, users must trade the balance on an exchange (avg. 20 min. for BTC). After that the person has to exchange his cryptocurrency for fiat currency, it can take a person several hours to get the cryptocurrency and have it transferred to his fiat bank account.

Company

Website: https://otppay.io/#
Private Sale: https://bitcointalk.org/index.php?topic=2874336.0
Whitepaper: https://otppay.io/Assets/otppay-whitepaper/OTPPAY_White_paper_v1.1.pdf
Telegram: https://t.me/otppaychat
My Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1887821