Paypite

Jose Leitao
Sep 7, 2018 · 2 min read

Paypite Introduction

Trade between Francophones in the world is now hampered by many
barriers: high cost of financial transactions, administrative lengths and transfer delays
international accounts, the underbanking of half of Francophones, frequent devaluations of
certain currencies.
The Francophonie represents a formidable linguistic and cultural union, but its
economic situation is still insufficient. We believe that Francophonie is a common force
we must take advantage and that the creation of a Francophone Economic Union would be beneficial in terms of
economic development, for all Francophones.
In order to move in this direction, blockchain technology can be a real solution.
Indeed, faced with the difficulty of progressing such a Union project through a political process
an initiative from civil society, in this case through a single currency
common, could be more likely to succeed. A French cryptocurrency would benefit as well
to all by reducing barriers, speeding up and reducing the transaction cost of trade
between Francophones.
That’s why we launched the Paypite project, aiming to equip the French-speaking world
of a common currency thanks to the blockchain. Launched initially on the Ethereum network, the
French currency will eventually use its own blockchain, which will have to be fast,
expensive and scalable.
In order to make the use of the currency paypite concrete in the everyday life of the Francophones,
the association Paypite has forged partnerships to make tools available to the general public
such as an online portfolio, the purchase of card paypits, the establishment of
foreign exchange for the purchase and sale in cash, modules for online trading, the
mobile payment, or a Paypite payment card.
Paypite is therefore both a currency, an ecosystem and a community of users. The project
is also a carrier of humanistic and universal values, like the French language. By
Consequently, the Paypite association will also launch initiatives in favor of microcredit and access to education.

link to participate in project: compte.paypite.fr

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