ProntaPay – Revolutionizing Payments

PRESENTATION

A storm has hit the investment market that we tend to aren't getting to live through. Crypto investment is that storm. With strict capital controls in situ by most countries to manage the flow of cash and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, resulting in a rise in demand. Cryptocurrency has been ready to gift a straightforward to use digital different to edict currencies. giving resistance transactions and inflation management, investors are prudent enough to feature these currencies in their heterogenous portfolios as associate plus, because the size of the market doesn't represent a general risk. Cryptocurrency employs the employment of cryptography that assures high-security processes and verifies transactions personal to every user. Hence, counterfeiting and anonymous transactions area unit not possible to realize.

While this revolution is gaining wide acceptance, Prontapay that is that the world’s initial sensible Legal Invoice (SLI) payment system that uses sensible contracts and blockchain technology to assist firms of all sizes increase potency, save on dealings prices and build a quicker and safer charge scheme has arrived.

But first, check out this video presentation

ProntaPay

The world’s 1st sensible Legal Invoice (SLI) payment system, which can apply intellectual contracts and blockchain technology to assist businesses of all sizes acquire the foremost productive payment, save cash on dealings fees and make the foremost stable quick and non-dangerous system of accounts, At the given subsidisation users with coins ProntaPay for any productive dealings

Prontapay can assume the world’s 1st sensible Legal Invoice (SLI) ™ payment system, which can apply intellectual contracts and blockchain technology to assist businesses a minimum of of the degree get the foremost productive payment, save cash on dealings fees and make the foremost stable quick and non-dangerous system of accounts subsidisation users with ProntaPay coins thanks to any productive dealings. Their propaedeutic implementation ends on Flag Day, and their ICO comes on June fifteen.

ProntoPay’s tokens square measure engineered per the ERC223 protocol and distributed to the investor’s account right when the acquisition. At this time, they need a operating delivery & Bonus one hundred for the primary five,000,000 tokens which will be realised

The current system of invoices utilized by the majority of companies is taken into account false, slow and dear, as shortly as some payment suppliers charge three.5% so as to alter the fee or monthly payment with a hard and fast emergency contract, and still leaves loads of gaps for later and default payments, time and cash, making an attempt to repay debts, that for legitimate reasons belong to them. Some companies within the consequence square measure wasting over the balance of accounts for judicial losses and proceeding, and in some final variants finish the withdrawal from the business owing to non-payment

VISION

Our vision is to start out the world’s most significant block Invoice resolution so as to essentially run into the most system and facilitate businesses of all sizes to amass the foremost made and actual payment and make the foremost stable quick and non-dangerous scheme of accounts

Prontapay provides associate early and made system for making invoices for existing customers, and even the latest.

Prontapay plans to be a pioneer of the primary good Legal Invoice (SLI) payment system. It plans to merge the benefits. Blockchain technology has got to supply in conjunction with a wise contract. This makes up the prospect of the Prontapay project. With Prontapay each massive and tiny businesses can relish the subsequent profit.

• they're going to get paid additional effectively

• they're going to be ready to economize that might are spent on the dealing fee

• they're going to relish a quick, reliable, clear and secure scheme.

Users of the professionalntapay platform are rewarded with Pro pay coins anytime they create a dealing.

The Prontpay platform may be a program for smartphones or desktop PCs, making invoices, descriptions of products and services in many clicks. All documents ar keep within the blockchain, tariffs and merchandise options ar loaded from good contracts, payments ar automatic.

SLI document is paid in five steps.

A provider opens the app associated creates an invoice for payment. Details, quantity and point in time of payment, description of products, terms of the contract (currency clauses, discounts, fines, and different details) ar mounted within the good contracts and don’t need verification.

SLI document is distributed to counter-agent for verification through the blockchain: no queues or currents of e-mails. The account is coupled to the contract and shoppers see, what they pay money for.

SLI document is paid once the acceptance, in this, payment (the payment confirmation) is distributed mechanically.

The Prontapay system takes I Chronicles of the dealing notwithstanding the payment specifics, contract currency, and different aspects.

Supplier and emptor receive the remuneration to be used of Prontapay. once obtaining the dealing completed each parties ar with profit, with tokens of the system in their cryptocurrency wallets.

The aim of Prontapay is to accelerate the payment of invoices to the correct details, scale back labor expenditures and also the range of fines for late payments. The developers utilize good contracts of Ethereum, that “check” and “pay” normal invoices mechanically. the amount of the daily document turnover reduces, accountants got to check accounts solely with non-standard terms.

How will Prontapay work?

The system of invoices payment through the blockchain is associate improved version of accounting programs corresponding to SAP and NetSuite. every invoice incorporates a link to the contract, a cryptographical key, containing all dealing terms. SLI document is distributed by e-mail, the very fact of the check is mounted by the EDS (electronic digital signature).

Developers have engineered Prontapay on 3 principles:

Legality. every invoice contains the link to a sound contract between a provider and a client. If parties wish to print the document for the tax review, it'll have a powerfulness. associate invoice is mechanically paid once the verification of the counteragent: such associate approach excludes incorrect payments and prices of come back of funds.

Informative. Invoice remunerator receives automatic notifications twenty four hours before the expiration date of the payment. If funds weren't received, one hour before the set date the second notification.

Economy. A counter-agent having no funds for invoice payments receives associate automatic notification at intervals every week once the set date of payment. If the invoice isn’t paid, a late fee (2,5% for the transaction) and debt ar collected by the Prontapay debt assembling service.

Companies with giant amounts of transactions could activate written agreement, a service for checking merchandise and services before the payment. Counteragent approves that each one merchandise and services were ensured on a stipulated quality level. The provider receives the payment confirmation in time.

How is that the ICO of Prontpay going? however can it's developed further?

The PRO tokens ar issued on the ERC20 normal. In total, throughout the ICO 250 million coins ar oversubscribed. The developers ar going to collect $500.000 (soft cap) throughout the Pre-sale (14 Gregorian calendar month – fourteen Gregorian calendar month 2018). the most section of the ICO are from first July till first August. All unsold professional tokens are destroyed. excellent news for investors: assets ar scarce, it's anticipated a gradual increase in costs.

Prontapay Token Details

• Total token Supply: 250,000,000

• Available Supply For ICO: 75,000,000

• Soft cap : $500,000

• Hard cap: $15,000,000

• Token platform: Ethereum

• Token model: ERC-20

• ICO starts: 14th April 2018

• Initial Base Rate: 1 ETH = 3500 (PRO)

Token Distribution and Fund Distribution

According to Whitepaper, 250 million PRO are allocated in the following way:

● 30% of tokens will be sold during the Pre-sale and the main stage of ICO.

● 30% of tokens will be reserved for paying participants bonuses.

● 28% of PRO are distributed among the project staff and Bounty participants.

● 12% of tokens will be spent on AirDrop, the project promotion, the payments for referral program participants.

Funds collected during the ICO will be spent on business:

60% of tokens will cover the costs of advertising, marketing, the project promotion and the Prontapay platform development.

20% of tokens are planned to be spent on current operational costs.

20% of tokens are the fund for audit fees, payment of legal business registration and unexpected costs.

Financial & Development roadmaps

MEET THE AMAZING TEAM

ADVISORS

Be a part of this incredible project. Download the whitepaper for the full scoop.

Till next time…

For more information, please visit:

Website: https://prontapay.io/

Whitepaper: https://prontapay.io/White-Paper-v1.0.pdf

Twitter: https://twitter.com/prontapay

Facebook: https://twitter.com/prontapay

Telegram: https://t.me/prontapaycommunity

Author: Habibur Rahman

My BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1992642

Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.