Glimpse of PocketPay ~ Smart & Safe Mobile Wallet for Solana
“Smart cryptocurrency wallet that let you transact SPL assets, Stake, Swap, store NFTs, and trade NFT on PocketPay Marketplace.”
With PocketPay, you’ll be able to access the world of DAPPs and DeFi for the first time on the Solana Blockchain. PocketPay simply provides users with a method for storing their SOLANA-based assets/tokens. Also, users will be able to conduct transactions directly on the Blockchain without a centralized mediator.
PocketPay enables users to read QR codes on physical storefronts to purchase cryptocurrency using its first-ever point of sale feature. Initially, PocketPay will include complete wallet solutions on the Solana chain.
PocketPay POS is a mobile platform that allows its users to transfer cryptocurrency to a merchant account with a QR code. PocketPay will utilize Blockchain to send real-time payments using cryptocurrency.
PocketPay has a utility token known as PPAY that will be used to manage the ecosystem of the PocketPay Finances. PocketPay is built on Solana as it is proven to be one of the best blockchain networks that easily handle scalability issues.
PocketPay Products
Wallet
PocketPay comes with a Solana-based in-built wallet where users can store their Solana-based assents and NFTs. PocketPay wallet will be utilized to send/receive Solana-based cryptocurrency, support USDC transfer, a mint custom token, transfer token, and recover seed phrase.
Pocket Pay does not store any private keys, it’s decentralized, and the user controls everything.
EasyPay
PocketPay enables you to create a merchant account for your business and a QR code for your mobile wallet that works directly on Android and iOS devices. Customers can scan QR codes to pay directly with PPAY tokens for any products they purchase from the store.
With EasyPay, customers can send/transfer funds, send/receive payments from contacts, open merchant/business accounts, and search individual businesses on the app. Additionally, PocketPay will partner with a range of leading manufacturers and retailer shopping chains to provide discounts on famous brands and products in respective countries.
Staking
PocketPay introducing the staking feature that will allow users to accumulate PPAY tokens in their wallets over time, earning handsome rewards. With PocketPay, your keys are stored directly on your devices, as it’s a self-custodial wallet, and you are in complete control of your available funds and future transactions.
PocketPay rewards the staking based on annual ROI, creating a passive income stream. PocketPay will initially reward 30% of with certain criteria when staking with PPAY.
When you stake on PocketPay, your token will be locked until you unlock it with the unstaking feature. After Blockchain cools down, your wallet will be able to receive the funds.
Swapping
PocketPay will allow its users to swap one currency into others in the PocketPay wallet in an equivalent value. With swapping, you don’t need to trade and sell your existing currency and simply swap it for a new one. In PocketPay, you can swap tokens to buy another token from a different pair in order to reduce the costs.
Users will be charged a minimal insignificant cost of 0.2% trading fee for swapping assets, while 0.15% will be re-deposited into the liquidity pool.
Fees re-deposited in the swap pool will be used to reward liquidity providers. PPAY staking users will be rewarded with 0.05% of these funds via the staking pool.
NFT Collectibles
In PocketPay Wallet, you can store your Solana-based NFT. The same way you save your hard-earned money in the bank, and NFTS can be traded, auctioned, and bought and sold on PocketPay’s web-based NFT Marketplace.
All you have to do is log in with your wallet address, select collectibles, and then you can view your NFT collections on the collectible screen, as well as send and receive NFTs. Everything is on Blockchain.
NFT Marketplace
The PocketPay NFT marketplace will allow users to create smart NFTs. With PocketPay, you can create images, gifs, and videos and then mint them into a non-fungible token on the Solana Blockchain.
Pocket Pay’s NFT marketplace allows NFT to be stored, displayed, traded, and minted. You can easily use the NFT marketplace if you have a crypto wallet with sufficient funds and a user account.
For the PocketPay marketplace, users need to sign up, buy an NFT, sell an NFT, mint an NFT, and create an NFT with a minimal fee.
Project Status:
Technical documents are under final check, and devnet will be released in January 2022.
PocketPay is a secured and all in one DAPP, built on Solana that will provide the community the opportunity to use cryptocurrency as their priority payment method that they can use on any retail store simply by scanning QR codes.
With PocketPay, users can manage their assets and pay for purchases, among other tasks, like Staking, Swapping, and managing NFTs.
For further information about PocketPay or Mobile CryproWallet, contact us at hello@pocketpay.finance.
Useful Links:
Website: https://pocketpay.finance/
Twitter: https://twitter.com/PocketPayFin
Telegram:
