PAYGINE... DECENTRALIZED OPEN FINANCIAL PLATFORM FOR BUSINESSES

4 min readAug 16, 2018

INTRODUCTION

The conventional financial system is flawed with huge numbers of issues, security is often the most issues faced in traditional payment system as debt card holders is always at risk of ATM card cheats, account hacks and manipulations. Transaction speed is also a great setback in the traditional payment system. In the case of international transactions is always a pitiable situation as one get frustrated as a result transaction delays and other international transaction requirements, in the traditional payment system clients are always made to queue for hours to get their money causing users not to access their money easily this situation is obtainable in the developing countries and to mention but a few are issues faced in the traditional payment system.

The blockchain technology is an intriguing innovation recently. The Blockchain technology was created to unravel the issues stated above. Blockchain technology is still a scare to some people that has not done their research about blockchain potentials and how it works therefore lacking the capacity to explore it’s complexities. Most people don’t know how to use blockchain and cryptocurrencies to carry out their transactions in a most convenient and secure way. Large percentage of the world population face issues about blockchain transactions based on the fact that they still don’t know how to convert their money to cryptocurrency and vice versa. Paygine is designed to bring answers and solutions to these problems and a fast and secure method of payment both online and offline.

Paygine

Paygine is a very simple decentralized platform with stunning features including a secure place to store both fiat and cryptocurrencies. Paygine will introduce these features to the financial system using cryptocurrency. Everybody can use the platform regardless of the level of knowledge such clients have about blockchain and cryptocurrencies. Both individuals and organisations can use the platform specifically.

Individuals can transact using the Platform effortlessly, fast and with the most noteworthy security. Assets on the platform can be stored in fiat or cryptocurrency, also funds can be converted to either fiat or cryptocurrencies in a very simple way in the platform. Supports in the stage can be put away both in Fiat and Cryptocurrencies, cryptocurrencies and other assets in the platform can be easily transfer to or from individuals or organisations using bank card. Users of the platform get the advantage of having the capacity to transact locally and Internationally fast and secure with charges almost at zero cost paygine cryptocurrency can be used to purchase items both online and offline retail shops.

Entrepreneurs can Incorporate the Paygine Platform into theirs, this will help in conversation of payment made by their clients to their preferred currencies regardless of the payment options used by the clients despite. This implies that users of paygine platform can spend their Cryptocurrencies in both online and offline retail shops and they will their receive payment in any currency of their choice.

Best2pay

Best2pay is a brand which was made by Pay Engine Technologies Ltd. Pay Engine was established in 2012 in the UK. The founders and organizers are comprised of individuals with long periods of involvement in the traditional Banking system. The service is employed in financial system and technological advancements.

Benefits of Best2pay

Cost efficiency
Safety and security
Speed and simplicity.

The paygine integrated Best2pay services in their platform because it will serve as a connector fiat currency, best2pay platform is based on the traditional financial system. Paygine will work with both traditional currencies and cryptocurrencies.

Features of paygine

Paygine Platform will serve as a bridge between the traditional financial system and cryptocurrency. Paygine plans to buy many banks in countries that have adopted cryptocurrencies in their financial system, is a right move towards finding a stable ground to expand their services and operations.
Paygine used blockchain concept to bring transparency in the financial system. With blockchain technology, transactions can be registered and unique ID identifiers issued, transactions are also fast and secured
Paygine API will be provided to clients and retailers that want to integrate Paygine into their platforms for a better experience in their detail shops and to boost sales.

Solutions

Most Exchanges offers trades between cryptocurrencies alone. Only few exchanges offer cryptocurrencies to fiat trading, Paygine platform, offers a crypto to fiat and vice versa trading services where users can be able to convert their assets to their desired currency In just one platform without having to transfer their asset for convertoin in another platform.

Paygine will enable organisations and individuals to maintain wallets that holds various of their desired fiat curencies and digital currencies, which can be converted to each other in a simple way in the platform, paygine also helps users to utilize a bank card to purchase whatever they need on the web and physical stores globally paygine system will allow users to transfer their money to or from various paygine users on the planet in a very short time and transactions are secured with paygine payment system.

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