Announcing: Business Integration and PayAccept -NEXT.exchange collab & Pay Tokendrop for NEXT holders.
PayAccept and NEXT.exchange are pleased to announce that both companies are entering into a strategic agreement that will combine PAY’s payment and wallet management solutions with the hybrid cryptocurrency trading platform NEXT.exchange to foster and develop an easy-to-use digital infrastructure that combines traditional finance with Blockchain technology for individuals and businesses to easily join the digital economy and manage various traditional and cryptoassets with a full suite of tools.
The combination of PayAccept and NEXT.exchange technology fills a critical role in every aspect of the cryptocurrency business to accelerate the development of digital asset management and to ensure that end users can benefit from an easy-to-use system to buy/sell and manage digital and classical assets. The integration brings together deep skills in business and technology strategy, product ideation, technology development and deployment, and organizational management changes focused on enhancing client value. Additionally, stemming from government regulations, it is an appropriate decision from a strategic point of view to separate the payment provider and wallet management part from the trading exchange, as both can serve a separate market segment.
NEXT.exchange will continue pursuing international licenses to legally operate as a cryptocurrency exchange, PayAccept will focus on becoming a full Electronic Money Institute which focuses on every aspect related to integrating stablecoins and fiat currencies, while white labeling their solutions to other currently operational and regulatory sound cryptocurrency exchanges. Both companies have separate use-cases, NEXT.exchange will welcome new assets to its trading platform as well as onto its blockchain (NEXT.chain) which will be directly tradable on NEXT.exchange, while PayAccept will handle underlying payment provider and crypto wallet aspects. NEXT.chain will also be used to create several stablecoins wherein PAY will become the liquidity partner to manage and facilitate their circulation. Nevertheless, they will run under the same group of companies.
The PayAccept — NEXT combination is powerful. NEXT.exchange is in the Blockchain market since early 2018 and has a deep understanding of complex digital products, our established engineering expertise and agile, collaborative approach is uniquely complementary to how PayAccept works. We believe that the combination of both will create an industry-leading technology link capable of promoting the mass adoption and use of cryptoassets. With the technological products of NEXT, including its driven team and skills, we are positive that PayAccept has the right expertise backing it to deploy a unique globally available Blockchain-based wallet management solution into the market, while NEXT.exchange is a fitting EU based crypto trading platform for users to purchase and sell cryptoassets with confidence. This interlink of operations and technology will strengthen the market positions of both NEXT.exchange B.V and PayAccept B.V, wherein both companies and their social communities can form a strong bond and digital infrastructure to advance a new blockchain-powered financial monetary system.
- Planned NEXT x PayAccept cross developments may be read about in the following post on the official NEXT.exchange blog.
- The PayAccept social community is currently in the process of being built.
- PayAccept will be presented on NEXT.genesis and see overlap with NEXT.chain.
- PayAccept is currently of the ERC-20 standard (The Ethereum ecosystem is ideal for kickstarting).
Future PayAccept Tokendrop / Airdrop to NEXT coin holders.
In light of the above, NEXT.exchange and PayAccept will organize a free PAY tokendrop / Airdrop for NEXT coin holder at a 1:5 rate (Example, if you have 25,000 NEXT, you will receive 5,000 PAY).
A snapshot of NEXT holdings will be taken mid-late September (updated on August 25th, 2020) for the Airdrop. NEXT Masternode operators will not be required to shut down their nodes to receive the PayAccept token airdrop. More information for NEXT Masternode operators and the Airdrop will be provided at a later date.
PAY tokens will be tradeable on IDEX, UniSwap, Probit, ExMarkets, IndoEx, and NEXT.exchange to ensure enough liquidity is available.
Additional information, as well as separate blog posts, regarding the PAY tokendrop / airdrop and business collaboration will be provided at a later date.
The NEXT.exchange and PayAccept integration will create a strong foundation for the use of deep next-gen technology to push forward a decentralized financial system on a global scale.
