Biconomy partners with PEY.cash to simplify payments for everyday Venezuelans
Simplifying digital payments for the masses by removing blockchain complexities!
Biconomy, a relayer infrastructure platform with a vision to onboard a billion users to blockchain announces a partnership with PEY.cash. PEY.cash is a wallet specially designed for people in countries with a high-inflation rate that will be piloting in Venezuela. One of the main goals at PEY, is to create products that can be used by regular people without much knowledge about how crypto currencies and blockchain technology works.
PEY.cash — Mobile Wallet for digital dollars
What sets PEY.cash apart from many other DApps or its competitors is its focus on user experience. By leveraging the Ethereum Blockchain and using the stablecoin DAI, users can manage digital dollars even if they have difficulties opening a bank account abroad. As blockchain is not touted as a defining feature of the app, it remains hidden from the user. Biconomy dovetails with PEY.cash’s focus on UX by removing one of the biggest hurdles to blockchain adoption — procuring cryptocurrency to pay for the gas fees! Biconomy already has in place the tools, support, and dev friendly infrastructure to remove most of the DApp upkeep for the developer (e.g. gas allowance is topped off, dealing with stuck transactions, uptime of relayers and more).
Democratizing financial services for everyday Venezuelans
Since PEY.cash will be adopted by the general public beyond the crypto savvy population, it is integral for the PEY.cash team to provide a seamless user experience which is comparable, if not better than the web 2.0 experience. Biconomy helps remove these blockchain complexities in the application to enable a frictionless experience. This also means that users on PEY.cash will be able to transact on-chain without worrying about gas fees. Here are some of the ways this integration with Biconomy will improve the experience tenfold:
- Users can send each other DAI or any stablecoins without having Ethereum in their wallet to pay the gas fees
- Simple monthly subscription plans for the end users
- Effective transaction management ensures transactions settle in the quickest amount of time for a faster UX
- Future upgrades related to scalability to further reduce the transaction costs and improve the scalability
A private beta of PEY.cash is currently available for users that have purchased a preorder ticket at https://pey.cash
PEY GmbH was founded in 2013 in the city of Hanover, Germany, by the Venezuelan Ricardo Ferrer Rivero with the aim of accelerating the transition to digital payment methods. The company has developed various products, including digital Bitcoin wallets for Android and iPhone, cryptocurrency payment terminals for stores, a Bitcoin wage payment service for companies and a Bitcoin purchase service in cooperation with the American company and Bitcoin pioneer BitPay.
In order to combat the crisis that is being experienced by Venezuelams, PEY.cash introduces a new digital wallet specially designed for those who do not have a bank account in dollars.Users do not need knowledge of cryptocurrencies and blockchain but can still take advantage of the benefits the technology offers..
Biconomy is the multi-chain transaction infrastructure for the next-generation Web 3.0 applications. Through Biconomy’s powerful and easy to use APIs, developers can enable a simple and customized user journey so that their end users don’t get frustrated by blockchain complexities. By solving key pain points at the crypto transactional layer, Biconomy is on a mission to bring the familiarity of web 2.0 to simplify Web 3.0 experiences that will drive mass adoption.