The advent of technology alongside utility services provide the foundation of infrastructure needed for any community to prosper and enjoy a high level quality of life and has made life easy for all and sundry. Example of these services include the use of mobile phones, Cable television, electricity operations and a host of others, all these services requires periodic subscriptions for their benefits to be maximally enjoyed. Subscribing for each of these services are done through their own unique channel e.g. electricity bills have to be paid to the electricity companies payment offices, mobile phones are recharged through the network provider e.t.c. These process atimes is cumbersome and often time-consuming for retailers who have to recharge several mobile and TV platforms in a day using different mobile phones, atimes they might even run out of recharge cards to perform these operations and when these happen, they are at the mercy of those utility providers to recharge them again in order to continue their rendering services to end users. As a result, it is evident that there is a need to unify all these individual payment system, hence the emergence of a platform named PayPortal.
Imagine a situation whereby one single channel can be used in making all utility bill payments such as TV and mobile subscription, water and electricity service payments and also creates payments invoice for them and delivers these payments securely and efficiently, this is exactly what PayPortal aims to achieve i.e. eradicating all limitations involving money transfer for the payments of services rendered by various service providers
What is PayPortal?
Payportal is a platform which leverages on blockchain technology to connect the general public to service providers such as utility companies, mobile operators, banks and digital TV operators through a single wallet which is accessible on smartphones or personal computers. The platform aims to make payment for utility services easy and convenient for users. Retailers no longer have to be at the mercy of service providers before they can satisfy their customers
HOW PAYPORTAL WORKS
• To use this platform, a wallet account must be opened first and all the forms needed must be filled followed by an authentication process to confirm the identity of the wallet owner.
• Because this platform operates based on technologies that are presently in vogue, it makes it possible for the users to access this platform through their phones and personal computers
• The platform creates a connection between the organizations providing the services and their customers by managing all activities regarding payments and money transfers for them securely with the use of smart contracts and blockchain technology
• Payportal establishes relationships with various mobile service providers, utility operators, banks and manages connections for receiving and processing on-line recharges, bill payments and domestic money transfers to customers’ bank accounts from the market and they appoint distributors who deal directly with retailers and end users
• Distributors and retailers provide services such as utility bill payment, mobile recharges, money transfer from one bank to another e.t.c to end users
BENEFITS OF PAYPORTAL
PayPortal is beneficial to both service providers and customers in the following ways:
For customers, it makes it very much easy to pay for the bills of several services used through a single channel without having to go from bank to bank for payment or doing multiple transfers on the phone since the wallet created can pay for all services acquired with just a click either from the secured websites or mobile apps.
For service providers, the incoming of funds from their clients will be faster, less stressful as all account details and invoices will be taken care of by PayPortal thereby reducing stress for them.
Because the platform is based on blockchain technology which is known for its transparency and swiftness, both service providers and customers are rest assured that their funds are secured, and all funds generated by retailers will be transferred to utility providers swiftly without unnecessary delays
Users with PPTL tokens that have not been converted into fiat currencies will have the opportunity of earning profit overtime with the usage of this token for all transactions.
TOKEN
The token to be used on the platform is known as PPTL token. It is built on the ethereum blockchain and will be accepted as the currency of transactions on the PayPortal platform. PPTL will be used in payment of fees within the ecosystem and can be converted into fiat or other cryptocurrencies depending on the choice of the user.
TOKEN INFORMATION
Token Ticker: PPTL
Total token Supply: 20,000,000
Soft Cap: 3000 ETH
Hard Cap: 24000 ETH
ICO date: June 18th-July 15th
Price: 1PPTL=0.002 ETH
TOKEN DISTRIBUTION
For more information, kindly visit:
Website: https://ico.payportal.in/
Whitepaper: https://ico.payportal.in/docs/White_paper_Payportal.pdf
Facebook: https://www.facebook.com/PayPortalOfficial/
Twitter: https://twitter.com/PayPortal_India
Telegram: https://t.me/PPTLchat
Ann Thread: https://bitcointalk.org/index.php?topic=3285962
Writer’s bitcointalk username: Crypto4ruby
Writer’s bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1788350