Welcome to the PayFair biweekly update for the decentralized cryptocurrency exchange/escrow service PayFair.io. Topics within the weekly update will include, but are not limited to: Marketing, Exchange news, last weeks completed developments, this weeks planned developments and anything else deemed newsworthy!
Please note, the update is now every two weeks to avoid repetitive content!
PayFair Website Translation
We are delighted to confirm that the translators for the PayFair website have now been confirmed! Thank you to each and every one of you that applied.
Each translator is currently working on their respective language translation, as they are completed and verified they will be rolled out to the live platform. The languages being translated are:
FIAT to Crypto Web Store Extension
Work continues on the creation of a web store extension. This extension will allow business that wish to accept crypto an automated conversion. We will be looking to roll out the extension in roughly 2 weeks time. A slight delay as we are adding additional functionalities to the extension.
How does it work? — Further Details
- The extension is integrated into stores via the PayFair API.
- The store specifies a list of cryptocurrencies they would like to accept and sets a corresponding price for each (for example, 0.2 eth or 0.01 btc) OR The store sets up a cryptocurrency for USD payment in their personal account and lists goods for USD. The API then converts the USD to cryptocurrency at the rate chosen by the seller automatically.
- The business is paid!
It really is as simple as that! We have received interest from several online stores and gambling outlets thus far of which we are exploring potential B2B partnerships with.
PayFair Team Tokens
The team tokens will come out of freeze in the following weeks. This has given the team a increased pot to work with in regards to funding marketing and advertising activities. We have identified several marketing opportunities that we will be investing in along with several potential advertising partners. The increase in budget provides us with a greater opportunity to have the PayFair name known in the general market.
We would like to reassure our investors that PFR if sold, will be done so through PayFair or the PayFair API. This will mean the price will remain stable without causing negative movements plus giving our Trust-Node holders a cut of the sale!
Community Listing Vote Round 6
In the last 5 Voting rounds, Payfair has added many new Tokens to the platform, now it’s time again to vote which Tokens should be added! Like always, there will be 3 Winners.
Congratulations to our recent winners Power Ledger and Storiqa who will be listed this week to over 35 FIAT pairs! Integration of these new tokens will commence this week. A quick look at who and what they are, as well as next steps for community voting:
What is Power Ledger (POWR)?
Power Ledger aims to create a Peer-to-Peer Marketplace for access to electricity that is low-cost, reliable, and renewable. A system that allows you to choose the source of your electricity. To be part of an economy where households that generate electricity can trade with their neighbours and get a fair return on their investment. Where electricity is stable, affordable and available to everyone. Where transactions are transparent, automated and easy to understand. Access to clean, reliable and low-cost energy should be a basic human right, but still 1.5 billion people are without access to electricity supplies. Their mission is to help facilitate renewable energy projects through technology, to connect and empower individuals and communities.
What is Storiqa (STQ)?
The ultimate goal for blockchain proponents is to create a fully functional digital economy. At present, however, this is just a pipe dream. Traders passionately exchange different cryptocurrencies, but when it comes time to cash out, they do so literally.
Storiqa would like to change this mindset. Developed as a literal market for cryptocurrencies, you can use your blockchain tokens to buy or sell physical goods . Not only that, Storiqa allows you to monetize your business reviews: Like Yelp but you get paid for it.
If this sounds like Silk Road 2.0, keep in mind that this is a Moscow, Russia-based venture; thus, the US administration is unlikely to pursue sanctions.
New Token Voting Additions
We are delighted to announce the following tokens will be included for this times vote on the Community Listing Vote:
PayFair Bounty ongoing!
THE PAYFAIR BOUNTY IS ONGOING, JOIN HERE
The bounty is being held on the Bitcointalk forums and will require participants to perform specific tasks in return for PFR tokens.
The bounty will run until 31st January 2019, at the end of which tokens will be awarded to its participants. PayFair has allocated 250,000 PFR for this bounty and encourages the whole community to get involved.
To participate in the bounty, you will need to create an account on http://bitcointalk.org/. Its free and they do not collect any information, meaning this bounty is open for all!
When you carry out specific actions that will be outlined within the bounty thread on bitcointalk, you will receive a bounty stake. After the bounty is completed, the bounty stake will be converted to PayFair tokens. The total number of Payfair tokens you will receive will be calculated:
250,000 PFR / total number of bounty stake distributed * volume of your bounty stake
Join us on Telegram! https://t.me/payfair