Payfrequent Full Review – Digital money for worldwide payments (Universal, insta

[rezanahvi]

Payfrequent Full Review – Digital money for worldwide payments (Universal, instant, and secure)

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.

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.

Payfrequent

[/b]
Payfrequent 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. Payfrequent 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.
Payfrequent 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.
Payfrequent is a full solution for banking, biat, crypto, high-security messenger, staking on cell phones and many more. Payfrequent 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 Payfrequent. Payfrequent 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.

The Benefits of Payfrequent
• Powered by Tomochain: PayFrequent Coin is issued on Tomochain network with TRC21 token Standard, so you can store it on any Ethereum-compatible wallet, like Payfrequent / Tomo / Trust Wallet.
• 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.
• 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.

Payfrequent Features
• 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
• 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.

Payfrequent Wallet:
Due to the fact that PayFrequent coins are produced on the TomoChain network and with the TRC21 standard, it is possible for users to use wallets that are compatible with this standard and are a kind of Ethereum platform (Such as Payfrequent, Trust wallet, Tomo,..).

Payfrequent Issuing Payment Cards
The Payfrequent 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. Payfrequent cards will be issued with a QR-code and integrated NFC chip that will communicate with Payfrequent payment terminals.

Payfrequent card functionality:
• Instant Activation: Enjoy instant activation of all PayFrequnet crypto card
• Zero Currency Conversion Fees: Get a PayFrequnet Dignitary card and enjoy zero currency conversion fees with higher limits
• QR code on your Crypto Card
• Dynamic Pin: Security of your PayFQ card is of utmost priority. Your pin code change every 30 seconds automatically.
• Card benefits: Enjoy benefits such as discounts and cashback across a large number of merchants
• Zero Fees Marketplace: Use your PayFrequent card to buy & sell with zero fees on vala.io

PUSD coin
PUSD Coin (PUSD) is a type of cryptocurrency that is referred to as a stablecoin. You can always redeem 1 PUSD Coin for US$1.00, giving it a stable price. On Payfrequent, all customers automatically earn rewards for every PUSD Coin they hold.
• Easy Redemption: Purchase and receive PUSD with one-click.
• Liquid: Exchange it anytime with any other cryptocurrency or send to bank account.
• Border less: Send PUSD to anyone, anytime, anywhere, for just one cent (0.01 PUSD) and transaction confirmed within 2 second.
• Work without any other token: No need to hold any other token for fees. Just hold PUSD & paid fees by itself.
• Hold and earn: No lock-in period. Up to 12% p.a. Simple interest paid hourly*

PEUR coin
PEUR Coin (PEUR) is a type of cryptocurrency that is referred to as a stablecoin. You can always redeem 1 PEUR Coin for € 1.00, giving it a stable price. On Payfrequent, all customers automatically earn rewards for every PEUR Coin they hold.
• Easy Redemption: Purchase and receive PEUR with one-click.
• Liquid: Exchange it anytime with any other cryptocurrency or send to bank account.
• Border less: Send PEUR to anyone, anytime, anywhere, for just one cent (0.01 PEUR) and transaction confirmed within 2 second.
• Work without any other token: No need to hold any other token for fees. Just hold PEUR & paid fees by itself.
• Hold and earn: No lock-in period. Up to 12% p.a. Simple interest paid hourly*

Team Of  Payfrequent

Contact Info:
Website: https://payfrequent.com/
Whitepaper: https://docs.google.com/document/export?format=pdf&id=1AN8KaXF5D6pBaMnOVTz8Ug6JPOsLJBHx2zb6pLvs81s&includes_info_params=true
Telegram Grub: https://t.me/payfrequentbounty
Twitter: https://twitter.com/payfrequent
Facebook: https://www.facebook.com/PayFrequent
Instagram: https://www.instagram.com/payfrequent
E-mail: http://[email protected]/

AUTHOR'S DETAILS
Altcointlak Username: rezanahvi
Altcointlak Profile Link:  https://www.altcoinstalks.com/index.php?action=profile;area=summary;u=21385

 #Payfrequent

[rezanahvi]

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

[rezanahvi]

Up.........

[krypto4uvak]

Hmm, reading their concept now is tempting enough for me. I'll watch them a little more. If everything goes well, I will try to invest in this project.

[rezanahvi]

Hmm, reading their concept now is tempting enough for me. I'll watch them a little more. If everything goes well, I will try to invest in this project.

Thanks for your comment krypto4uvak.

[Gurjasmeet Singh]

I surprising know the new concept .l will be invest after much more knowledge about this. If it's suitable for me ,then l will take  decision for this one.thanks for this  good news.

[Jaephoenix]

There are a lot of payment platform out there, whether cryptocurrency or fiat oriented. Most of them do the same thing. Only a few do extra stuff.

[jacaf01]

The thing about this project is that I can really say this is what they are doing that is better than the current products we have in the market, I might be wrong here and another thing is that all these crypto credit/debit cards also are in competition with them and how do they plan to survive the competition

[rezanahvi]

There are a lot of payment platform out there, whether cryptocurrency or fiat oriented. Most of them do the same thing. Only a few do extra stuff.

Thanks for your comment dear Jaephoenix.

[KKH84]

Looking at the list of Pay Frequent transaction speeds, it seems that many people will use this coin to make payments globally when compared to similar coins.  But will this transaction speed be the same if the network is congested.

[Andruha1993]

In my opinion, the project looks promising. Let's look further at their development. I will continue to watch him. Perhaps the team will show what they are capable of.

[rezanahvi]

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

[rezanahvi]

Looking at the list of Pay Frequent transaction speeds, it seems that many people will use this coin to make payments globally when compared to similar coins.  But will this transaction speed be the same if the network is congested.

Thanks for your comment dear KKH84