PLAAK is your All in One Solution for Mobile Payment
Most people use their phones to do just about everything including make payments. However there are severe limitations to these apps, it is difficult to make overseas payments and typically you pay large fees for currency conversions. However PLAAK is working to simplify this process and allow you to easily pay whoever you want, for whatever you want, wherever you want.
The PLAAK ecosystem differs from other similar mobile apps on the market is by linking the token-enabled digital asset economy with the service industry. PLAAK is building a one-stop shop allowing users not only to search, review and connect with service providers but also to use digital currencies and not just fiat to pay for the services. In this way, digital assets become more compatible and less abstract for the every-day user. The PLAAK app is accessible to anyone, anywhere at any given time.
PLAAK incorporates the best of blockchain technology in an easy-to-use app that allow people to take advantage of the technology in a number of ways. The primary focus will be to take power away from big corporations and return it to workers and employees, by putting them in the position to empower themselves and participate in the $700 trillion token-enabled digital asset economy.
Problems Associated With Making Payments
More and more people from all walks of life are hungry to make a change on how they do business, wanting to put themselves in charge of work hours, charges and terms. The allure of flexibility and a more reflective outcome of work input have caused freelancing to grow at an unprecedented rate. In the U.S. alone, freelancers account for 35% of workers, collectively earning $1 trillion in 2016.
Despite the variety of different payment gateways and processing companies, freelancers still face up to 15 different types of fees, complex transaction settlements and long transaction times. Some payment gateways and/or processing companies even like to keep their fee structure hidden or totally incomprehensible, taking advantage of the confusion to make more money off the average freelancer.
A new market for digital assets is being created enabling the creation of a token based digital asset economy. The World Bank estimates that the global GDP generated on blockchains in 2025 is $10 trillion. Currently, freelancers do not have the opportunity to tap into that money.
Solution to Payment Using Plaak Mobile App
The PLAAK app intends to decentralize the service workforce, using smart contracts enabling users to choose their terms, when they work, how much they charge and what they wish to be paid with. The transaction goes from customer to freelancer directly, dismissing the intermediaries in the process and saving the freelancer time and money. The settlement and closing happen at the same time as the transaction.
PlAAK Payment wallet will be first to have the ability to pay for goods and service via their mobile app and Debit card with cryptocurrency. Within the app, they have a decentralized exchange so users can trade coins., It is secured with a multi private key similar to the JAXX wallet.
They have pretty much built an app like Tenx, Kyber, and Jaxx Wallet all in one. The PLAAK ecosystem will utilize single sign on process that will allow you to login to the future managed fund and freelance app without doing additional KYC
PLAAK has a web version as well as a mobile version available for users. They are very close to completion of the product. The managed fund which is the next project will be linked to the wallet so you will be able to see a full forecast of your investment. Stay tuned because this is just the beginning. PLAAK’s ecosystem like all ecosystems will continue to grow and develop.
