In this article, the author will discuss about PayPro platform.
“The development of bockchain technology nowadays is increasingly daring because teknoloi is a technology solution that revolutionized the workings of the internet, banking and applications to be without a server. This technology can be a technological solution that will develop in the future.
PayaPro is one of the companies that utilizes blockchain technology for Decentralized Bank platforms First. PayPro can be a solution to various problems in banking. besides, PayPro can become a future developing company because of the product superiority and commitment from the team to develop the project”.
What is PayPro ?
PayPro will be a financial marketplace where any Decentralized Application (dApp) will be able to offer its services. Thus, dApps will be competing to become your supplier, not the other way around as is customary with banks.
In order to accomplish this goal, we are building a universal wallet that will be capable of storing the most popular crypto-currencies and any ERC-20 token. As soon as the wallet has been released, we will build the marketplace.
OUR BEGINNINGS
PayPro was born in 2015 as an online tool for making online payments in 25 currencies saving up to 90% on hidden bank fees. We were regulated by the Financial Conduct Authority in the UK, had two funding rounds of €750,000 in total and spent a little bit more than a year in the market. We were processing up to €500,000, which was similar to the early stages of Kantox or Transferwise.
From that experience, we soon came to the view that the payments / banking industry was totally outdated. Thus, we realized that we had to a offer a truly disruptive value proposition if we were to change the industry. We began observing and listening to the market and industry experts. We then implemented these ideas and tested them; this resulted in the creation of the PayPro platform, the first decentralized financial marketplace.
About The Product
- Wallet
Our first stage of development after closing the Token Sale will consist on integrating Ethereum in order to build a Wallet. This wallet will be capable of storing all popular crypto-currencies and ERC-20 tokens.
- Marketplace
After the wallet has been built, we will start working on the first decentralized financial-marketplace. We believe decentralization must occur at two different layers;
On the one hand, our marketplace is going to be built on Ethereum as Decentralized Autonomous Organization (DAO).
On the other hand, PayPro will not be offering any service or creating a portfolio of services. Instead of that, we invite any financial dApp to offer its services with no screening process. Thus, we aim at creating an environment where all dApps will be competing for becoming the user's supplier for each service.
Decentralized Application
Vision The Project (Pablo Ruiz, CEO PayPro)
“When Bitcoin emerged as an alternative to the current pyramid-shape payment network, it amazed everybody by promising a new decentralized payment network. However, the Blockchain technology was still in its infancy and accordingly in a development phase.
As such blockchain technology was relatively unknown to the wider public. Following the launch of Ethereum, the public's understanding of blockchain grew, and with this the different applications of the blockchain can be applied to. The remarkable feature of the blockchain technology is that it can be applied, to name a few, to property ownership, digital identity, supply chain, insurance or clinical trials. Thanks to this new understanding of the blockchain technology and in particular Smart Contracts I am of the view that this technology will eventually be able to create a digital legal system.
This new paradigm is going to create new needs that require new solutions. At PayPro, we strongly believe that this future is very close and thus, we want to position ourselves in the front line by delivering a solution that will ease the switch from the old to the new paradigm”.
Let's join together Plaform PayPro.
For more information please visit the link below:
Website: http://www.payproapp.com/
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