Paycent is a global mobile dual e-wallet that can be funded by cryptocurrencies (e.g. Bitcoin, Ether, Litecoin) with high liquidity and fiat currencies within the same mobile application. This allows the cryptocurrencies holders multiple avenues of spend and straddles the world of fiat and cryptocurrencies.
[Note: This is a press release.]
By having integrated fiat and crypto mobile wallets, plus the option of having a debit card linked to Paycent, this opens 200 countries and 36 million points that Paycent is accepted. The full ecosystem of Paycent and Paycent mPOS allows payments for daily household spend such as utilities, cable, and Telco airtime. All conversions from cryptocurrencies to fiat will be done in real-time.
Paycent, a cryptowallet and an extension of our Paycent fiat wallet, will bridge the gap and create a complete fiat and cryptocurrency ecosystem. As Paycent is a live working product, we have an established network and a continuously expanding fiat ecosystem.
We have secured regulatory licenses and are also currently in partnership talks with several governments, banks, and companies to create an even larger ecosystem for Paycent and Paycentos. We have already made successful strides in the application and we are fully committed to improving the wallet. The development on several aspects are as follows:
- Regulatory licenses approved in the Philippines and the UAE, with in-principal approval in Singapore and Hong Kong
- In talks to acquire 2 banks in the Philippines and merge them into one to create the complete payment ecosystem
- Setting up of real-time cryptocurrency exchange in Dubai under the guidance of regulatory authority.
- Already live and operational fiat money wallet application in Singapore and the Philippines
Paycent recently completed its Pre-ICO hitting the hard cap of 22,500 ETH in less than 10 days. The token sale has started on Nov 2 and the response received from the public is immense. Paycent is the first of a kind ICO that has taken the initiative to conduct its ICO in 8 phases and has tied each phase to respective milestones. Total of 30,000,000 PYN tokens will be for sale during this Phase. This phase will end on Nov 30, if the hard cap is not reached before that. 1 ETH is equal to 600 PYN and the minimum contribution is for 15 PYN value.
Paycent has ambitious plans to solve the problem of payments, spending of cryptocurrency, loans and microfinancing for the underbanked and unbanked population and is on a mission to solve with its mobile app.
For more information about Paycent please visit the company’s website.
Images courtesy of Paycent