PayAccept Full Review – Worldwide payments accepted in seconds

[rezanahvi]

PayAccept Full Review – Worldwide payments accepted in seconds

Introduction:
The world economy is undergoing a serious change. A change that has undeniably changed the rules of the world's business game, and will soon include other sectors of the economy in all countries of the world. One of the things that will change the economy from the ground up is blockchain technology.

When Bitcoin was invented as the first digital currency, there was little idea that one day this digital currency could replace the common currencies or fiats. Probably the builder or creators were just trying to build a decentralized system for financial exchange. A system that, in his view, is likely to be used, like many Nerd applications and applications, only between technology devices.

But Bitcoin has peaked. Many other people who were not into technology also entered it, its price increased and as a result more people were attracted to it.

This process continued so much that the idea came to many that one day Bitcoin could replace the usual currencies.

Blockchain technology is becoming more widespread in our world. Blockchain technology has now reached the stage of acceptance by companies and organizations. Many individuals and organizations have accepted Bitcoin. Its impact on today's world and the future is undeniable.

Due to blockchain technology, decentralized nodes distributed around the world are interconnected. They are interconnected without the supervision of a central power. The Distributed Ledger allows us to have the three benefits of security, integrity, and transparency together.

What is a blockchain?
Traditional financial systems operate with a centralised database, usually with a single point of authority. Blockchain technology, on the other hand, allows for a distributed database that holds a growing number of records. Instead of existing in one place, the ledger is continually updated and synchronised across multiple computers in a network. Therefore, any participant in the network with the proper authorisation can view the entire ledger – without relying on an intermediary or any one authority.
Another key feature of blockchain technology is a “smart contract,” which is a self-executing protocol that enforces a previously agreed arrangement. For example, a smart contract could trigger an automatic refund under certain conditions or the automatic payment of an agreed commission after a sale. These smart contracts can eliminate delays in traditional Finance processes, while increasing transparency and reducing reliance on middlemen to follow through on their commitments. Moreover, like other parts of a blockchain, smart contracts are immutable, so they can enhance accuracy in the financial statements.
Based on the participants, blockchains are categorised as Public, Private and Hybrid. Public blockchain provides wide – open access, anyone can become a node and participate in the blockchain. Bitcoin is a prime example of a public blockchain. Private blockchain on the other hand allows limited access to specific users, such as a group of banks, through a permissions based private network. Anyone outside of the private blockchain cannot see or participate in blockchain transactions. Hybrid blockchain relates to the emerging concept of sidechain, which allows for different blockchains (public or private) to communicate with each other, enabling transactions between participants across blockchain networks.

The emergence of blockchain technology and the future of technology
With the advent of bitcoin, the first generation of blockchain technology came into being. The advent of blockchain technology has opened a new horizon for the future of technology. Blockchain technology is in its infancy. This technology also had its problems. The Internet also struggled with many issues and problems in the early days of public acceptance.

The first generation of the Internet has brought about great changes in the lives of people around the world. However, the Internet has affected all aspects of human life. The great change in industry and life today is not comparable to 20 years ago. Blockchain technology has also revolutionized life and industry since its inception. Blockchain technology will revolutionize digital life and the Internet world.

Blockchain technology is present in various fields. For example, blockchain has revolutionized banking, insurance, transportation, real estate, and more. For example, in the field of cross-border payments, they have become faster and more secure than before. International companies also use blockchain to conduct their transactions in a safer, faster and more transparent manner than before.

Blockchain technology has revolutionized data storage. Data is stored as distributed. We do not need a centralized license to access them.

Many startups today use blockchain. These companies are transferring their data and infrastructure to blockchain.

Convert assets to digital currencies
Digital currencies are the fourth option for converting and maintaining assets. Digital currencies do not have such problems at all. They are only as portable as a sheet of paper, a CD, a flash drive, or a floppy disk on which the private key of the owner's digital wallet is printed or recorded. This has made digital currencies a competitor to banks; Because their value was determined independently of any government, and they are valid everywhere in the world. This has made digital currencies a global source of value.

The technology that has led digital currencies to such acceptance and power is the decentralized blockchain. The decentralized blockchain acts as a safe deposit box on which people's assets are recorded. These assets in digital currencies are only the amount of people's digital currency assets.

But if you use blockchain in other areas, you can also register non-valuables such as land and gold. But regardless of all these obstacles, blockchain and digital currencies have opened up an inviolable position over the years. For this reason, banks and governments have finally accepted it as an unseen reality. With this acceptance and taking into account the advantages and strengths of blockchain, banks have also started to use blockchain.

Blockchain in the Financial Industry
As for the traditional payment system where contracts are fulfilled when certain criteria are met and validated by the central authority. In blockchain transactions, the contracts are stored in public ledger surpassing the middlemen to complete the agreement between the two parties smartly in no time.
Blockchains technology has the potential to gear up the real-time payment mechanism that can provide cost-effective techniques for many financial intermediaries who still look upon to the central authority for clearing and settlement. Distributed ledger mechanism leads to inordinate delay in settling transactions and customer dissatisfaction which could be used as a driving force to address the new technology solutions which can better solve these problems.
Let us understand how the payment system works in blockchains. For instance, if A wants to send money to B, the transaction is made as a block and sends the information to the earlier participants who were connected with the same money for validating their transactions for approval. Once the deal is approved the money is transferred to B and gets recorded in the ledger sequentially.
There is no central authority for clearing the transactions. This is the most significant advantage in blockchain as the mechanism is decentralized.
Centralized payment systems are prone to risk as the attacker needs to concentrate on the single entry point. In distributed ledger, one needs to access all networks simultaneously that are connected to the particular transaction that is impossible to succeed. As such these records hold undisputable proof of identity and ownership that prevents fraud and counterfeiting. Blockchain works on a trusted platform where the parties that validate the transactions are called miners. As the data are interconnected transaction gets verified automatically.

PayAccept
PayAccept Payments offers a suite of blockchain-based payment solutions designed to make global transactions faster, cheaper, and more secure. Our all-in-one dashboard enables businesses to easily and rapidly accept cryptocurrency payments while also supporting traditional payment structures, including invoicing, checkouts, donations, and subscriptions. PayAccept blockchain payment network creation facilitate the frictionless exchange, trade, and transfer of digital assets.
Cryptocurrency payments help your business attract a new demographic of customers, save on settlement time and credit card fees, and remove the choke points from your traditional payment infrastructure.
PayAccept Assets provides a single dashboard where investors can view their portfolios, initiate wire transfers, inspect individual assets, and manage shareholder rights. Our dashboard enables issuers to interface with investors, distribute investment vehicles, review investor documents, and sign contracts. We provide the capabilities that institutions and investors need for the next generation of commerce and finance.
PayAccept is a full solution for banking, biat, crypto, high-security messenger, staking on cell phones and many more. PayAccept follows an open community solution and issued already a restful API for Developers Who are able to introduce their work to the community and get approved against participation in PayAccept. PayAccept blockchain offers multiple benefits for several capital market use cases:

-Elimination of a single point of failure through decentralized utilities

-Facilitation of capital market activities streamlining processes, reducing costs and decreasing settlement times

-Digitization of processes and workflows, reducing operational risks of fraud, human error, and overall counterparty risk

-Digitization or tokenization of assets and financial instruments, making them programmable and much easier to manage and trade. In token form, they gain wider market access through increased connectivity and the possibility of fractionalized ownership. This results in increased liquidity and decreased cost of capital.

PayAccept use cases in financial services
PayAccept refers to the infrastructure, processes and funding that support international trade supply chains. PayAccept with the use of blockchain technology benefits can digitize the entire trade finance lifecycle with increased security and efficiency. It can enable more transparent governance, decreased processing times, lower capital requirements and reduced risks of fraud, human error, and overall counterparty risk. PayAccept offers multiple benefits for financial services as belew:

• Capital Markets
o Issuance
o Sales and trading
o Clearing and settlement
o Post-trade services and infrastructure
o Asset servicing
o Custody

• Asset Management
o Fund launch
o Cap table management
o Transfer agency in asset management
o Fund administration

• Payments and remittances
o Domestic retail payments
o Domestic wholesale and securities settlement
o Cross border payments
o Tokenized fiat, stablecoins and cryptocurrency

• Banking and Lending
o Credit prediction and credit scoring
o Loan syndication, underwriting and disbursement
o Asset collateralization

• Trade Finance
o Letters of credit and bill of lading
o Financing structures

• Insurance
o Claims processing and disbursement
o Parametrized contracts
o Reinsurance markets

The Benefits of PayAccept in Finance

• Security: Its distributed consensus based architecture eliminates single points of failure and reduces the need for data intermediaries such as transfer agents, messaging system operators and inefficient monopolistic utilities. Ethereum also enables implementation of secure application code designed to be tamper-proof against fraud and malicious third parties— making it virtually impossible to hack or manipulate.

• Transparency: It employs mutualized standards, protocols, and shared processes, acting as a single shared source of truth for network participants

• Trust: Its transparent and immutable ledger makes it easy for different parties in a business network to collaborate, manage data, and reach agreements

• Programmability: It supports the creation and execution of smart contracts— tamper proof, deterministic software that automates business logic – creating increased trust and efficiency

• Privacy: It provides market-leading tools for granular data privacy across every layer of the software stack, allowing selective sharing of data in business networks. This dramatically improves transparency, trust and efficiency while maintaining privacy and confidentiality.

• High-Performance: It’s private and hybrid networks are engineered to sustain hundreds of transactions per second and periodic surges in network activity

• Scalability: It supports interoperability between private and public chains, offering each enterprise solution the global reach, tremendous resilience, and high integrity of the mainnet

PayAccept  and capital markets
Capital markets refers to the pairing of issuers with demand for capital, to investors with corresponding risk and return profiles. Whether issuers be entrepreneurs, startups or large organizations, the process of raising capital can be challenging. Firms face increasingly stringent regulations, longer times to get to market, volatility from interest rates and liquidity risk. Particularly in emerging markets, they must navigate the lack of rigorous monitoring, thorough regulation and sufficient market infrastructure for issuing, settlement, clearing, and trading. PayAccept offers multiple benefits for several capital market use cases:

• Elimination of a single point of failure through decentralized utilities

• Facilitation of capital market activities streamlining processes, reducing costs and decreasing settlement times

• Digitization of processes and workflows, reducing operational risks of fraud, human error, and overall counterparty risk

• Digitization or tokenization of assets and financial instruments, making them programmable and much easier to manage and trade. In token form, they gain wider market access through increased connectivity and the possibility of fractionalized ownership. This results in increased liquidity and decreased cost of capital.

PayAccept  and asset management
Venture capital firms, private equity firms, real estate funds, and specialty markets are facing demands to improve liability risk management, adapt more dynamic decision-making structures, and address the increasing complexity of ever-changing regulations. PayAccept can effectively streamline asset and stakeholder management. It allows:
• Automated fund launch

• Seamless stakeholder engagement with digitized assets and services

• Digitization of portfolio and existing holdings for wider market access, liquidity and fractionalization

• Customizable built-in privacy settings for transaction confidentiality

• Voting and other shareholder rights and obligations programmed into digital assets, resulting in seamless user experience and reduced risks of human error
• Creation and enforcement of incentive mechanisms to promote participation and punish nefarious activity

• Improved governance and transparency for investors and stakeholders

• Efficient cap table management

• Automated fund administration

• Automated transfer agency in asset management

PayAccept, global payments and remittances
Global payments and remittances today are executed by a number of intermediaries that exact tolls for their service. It takes 2 to 7 days and costs a global average of 6.94% to send $200 between countries. This means that remittances are directly reduced by $48B through fees, intermediaries, and financial institutions. Blockchain can streamline payment and remittance processes, reducing settlement times and significantly reducing costs. It allows:
• Rapid and secure domestic retail payments

• Rapid and secure domestic wholesale and securities settlement

• Rapid and secure cross border payments

• Real-time gross settlement between central banks, commercial banks, and independent banks

• Digitized KYC/AML data and transaction history, reducing risks of fraud and enabling real-time authentication

• Automated regulatory oversight and auditing

• Multiple forms of payment enabled on blockchain: Tokenized fiat, stablecoin, and cryptocurrency

PayAccept , banking and lending
Core banking comprises of transaction, loan, mortgage, and payment services. Many of these services depend on legacy processes of execution. For example, between information verification, credit scoring, loan processing and distribution of funds— it takes 30 to 60 days for individuals to secure a mortgage, and 60 to 90 days for small or medium enterprises to secure a business loan. Blockchain can streamline banking and lending services, reducing counterparty risk, and decreasing issuance and settlement times. It allows:
• Authenticated documentation and KYC/AML data, reducing operational risks and enabling real-time verification of financial documents

• Streamlined credit prediction and credit scoring markets, instantaneously informed by the collation of user activity and sanctioned data across a network

• Automated syndicate formation, underwriting, and disbursement of funds i.e. principal and interest payments, reducing cost, delay and friction of syndication

• Facilitated collateralization of assets because digitization enables real-time asset management, tracking, and enforcement of regulatory controls

PayAccept and trade finance
Trade finance refers to the infrastructure, processes and funding that support international trade supply chains. The industry continues to rely on paper-based processes that are susceptible to security vulnerabilities. Individual transactions can take as long as 90-120 days in order to process letters of credit, verify documents, and establish trust among stakeholders. Blockchain can digitize the entire trade finance lifecycle with increased security and efficiency. It can enable more transparent governance, decreased processing times, lower capital requirements and reduced risks of fraud, human error, and overall counterparty risk. It allows:
• Digitized and authenticated documentation (i.e. letters of credit and bill of lading) and KYC/AML data with real-time verification of financial documents

• Asset digitization to enable faster settlement times

• Creation of more efficient financing structures through shared secure networks and digitized processes

• Creation of a consistent financing vehicle for the entire trade lifecycle, eliminating the legacy practice of negotiating independent finance vehicles for each stage of the trade

PayAccept Issuing Payment Cards
The PayAccept card will be a major network brand debit and credit card, by default enabling it to be accepted at millions of locations and payment terminals worldwide. The cryptocurrency or fiat card balances will be directly funded from a user’s wallet. Users will be able to spend their fiat directly and convert cryptocurrencies to fiat with real-time conversions powered by liquidity providers and exchanges. Users will be able to connect a preferred cryptocurrency to the card for payments, otherwise, as a backup, traditional fiat for payments will always be available given a positive balance. PayAccept cards will be issued with a QR-code and integrated NFC chip that will communicate with PayAccept payment terminals.

PayAccept card functionality:
a.) Digital Wallet compatible with Google, Samsung, and Apple Pay;

b.) On-demand crypto to fiat conversions

c.) ATM PIN access

d.) Real-time transaction history and notifications

e.) Virtual & Physical cards

Team Of  PayAccept
With regards to the team project PayAccept, then there is a very strong core team.

Roadmap Of  PayAccept
▪ July 2020 ICO/IEO tokensale (can be extended)

▪ August 2020 Preparing EMI license with legal advisors (softcap-only)

▪ August 2020 Purchase of an existing bank (hardcap-only)

▪ September 2020 Official launch of wallet on the PayAccept website

▪ September 2020 Pre-registration for PayAccept Cards (Visa/Mastercard)

▪ September 2020 Connecting with third party exchanges for trading of assets

▪ September 2020 Start of integration with other financial institutes and banks

▪ October 2020 Launch of mobile wallet on iOS and Android

▪ October 2020 Launch own digital asset network with PayNodes

▪ October 2020 Deploying first payment terminals and cards to end users

▪ October 2020 PayAccept Integration with large merchants

▪ October 2020 Expanding with minimum 20 financial and digital assets (softcap)

▪ November 2020 Series A seed investment round

▪ December 2020 DeFi Borrowing and Lending La

Token Basic Information
Token Name:   PayAccept
Token Symbol:   PAY
Softcap:        $ 15,000
Hardcap:      $ 30,000
Token Price:   1 ETH = 1000 (+500) PAY
Platform:        Ethereum

More: Informations, please visit the link below:
Website: https://www.payaccept.net/
Telegram: https://t.me/payaccept
Facebook: https://www.facebook.com/payaccept.net/
Twitter: https://twitter.com/payaccept
Linkedin : https://www.linkedin.com/company/payaccept/
PayAccept Bounty Thread: No links to other forumsindex.php?topic=5255787.0

Author's:
BTT: CryptoHi
Bitcointalk Profile Link : No links to other forumsindex.php?action=profile;u=2818906;sa=summary
Tel ID: @Zhotam

[Lorix]

I read this project. This project ideas awesome. PayAccept project will be successful. I am interested for PayAccept platform.           

[CryptoHi]

I read this project. This project ideas awesome. PayAccept project will be successful. I am interested for PayAccept platform.           

Completely agree with you. look promising project.

[Rain075]

PayAccept already listed Ieo on uniswap. I think PayAccept will be succeed.

[Riya143]

Already listed on uniswap. But i don't understand uniswap rules. So i can't sell token.       

[rezanahvi]

Up...........

[rezanahvi]

Up..............

[rezanahvi]

Up..............

[Jaephoenix]

In a niche where trust is a premium, Payaccept project and the team do not exactly exude confidence. The method they carried out their promotion and bounty left a lot to be desired, added to the fact that the CEO is a dodgy fellow

[rezanahvi]

In a niche where trust is a premium, Payaccept project and the team do not exactly exude confidence. The method they carried out their promotion and bounty left a lot to be desired, added to the fact that the CEO is a dodgy fellow

Hello, really thanks for your comment dear Jaephoenix

[rezanahvi]

PayAccept and NEXT.Exchange merge into 2021

We’re approaching year’s end, and I think we can convincingly say this has been one of the craziest years in history. With Covid-19 still holding the world in her grip, we’re starting to see the light at the end of the long and dark tunnel. In a much less impactful way, we feel the entire crisis reflects, and we decided to launch with PayAccept in Juni to release our vision to create a new payment processor in the space of decentralized finance. DeFi was a significant hit in 2020 and our crowdfunding, which took place in August. Over the last months, we ramp up the team and start realizing a suitable company structure to ensure our operations in the EU and the United States to get the Electronic Money Institute License. It’s a lot of legal paperwork, and therefore there was not a lot of progress to see on our website, but that doesn’t mean we did nothing; in the background, a lot of exciting things are going on.
One of these things is that we will merge NEXT.exchange (https://next.exchange) into the PayAccept platform. NEXT.exchange is an innovative crypto-exchange platform, and their team proved themselfs after months of hard work by releasing version 2.0. A unique combination is formed where both will benefit by combining a payment provider with a cryptocurrency exchange. Combining PayAccept’s platform where the newest technologies are integrated like Bitcoin lightning will definitly speed up things. Also it will make the way free to enable more features, which are not possible if you are running acting as a payment provider or cryptocurrency exchange. One of the facts is that we can list more than only cryptocurrencies; think about EFT’s where we combine stocks from companies or releasing STO’s together with venture capitalists. We strongly believe that this step will bring value to PayAccept for the year 2021.
For now we are very excited about the road ahead, and we hope you are also. We want to thank you for staying with us, being this patient, and understanding that we couldn’t wish for a better community. For now, we’re going to enjoy some well-deserved rest and enjoy new years eve. Stay safe, and see you in 2021!

https://medium.com/payaccept/payaccept-and-next-exchange-merge-into-2021-6b5ba6ff0a73

[Jaephoenix]

After a truly unsavory engagement with this project, I cannot really trust it or its product or team. If they refuse to pay their promoters and bounty hunters, I wonder how they are going to keep their words about the roadmap or whitepaper, for that matter

[Jaephoenix]

I would have believed in this project only after going through their whitepaper, but the CEO and the team leaves much to be desired. A young project with a poor reputation is a no-no for me