PaxPay ICO

While PaxPay is in its infancy and introductory stages, the motivating force behind the development will be to give back to the community. One of PaxPay's top priorities will be to keep the community and its people in mind at all times, thus ensuring a mutually beneficial relationship for everyone. Despite the rapid growth in the cryptocurrency market, consumers still lack user-friendly and practical ways to make purchases and conduct business. PaxPay seeks to bridge this gap by offering a secure, simplified, and user-friendly app-based platform leveraging Blockchain and Proof-of-Processed-Payments to offer users the following features:

• Imagine, a world without having to carry around multiple cumbersome credit cards in your wallet. PaxPay would like to introduce to the world a ground-breaking, futuristic technological idea for the crypto community that will be in working development during the first year of operations—a cryptocurrency payment bracelet, which will be called the Paxlet. The Paxlet will serve as a fast and reliable way to pay utilizing integrative NFC technology. Simply scan or swipe the Paxlet at brick-and-mortar retailers and businesses around the world for a seamless and contactless payment transaction, with the highest security measures integrated for users. We believe the Paxlet will help promote the expansion and adoption of blockchain technology worldwide.
• The ability to transfer cryptocurrencies to anybody in the world and exchange these funds into some of most widely used cryptocurrencies and fiat currencies, mitigating the problems related to decimal point conversion off the BTC exchange rate as described in detail below.
• Offer consumers a user-friendly cryptocurrency multi-sig wallet allowing users to transfer and spend cryptocurrencies using name, email, and/or phone number via a secure, mobile phone based virtual card. With this cryptocurrency-based mobile payment feature, consumers can spend PAX Tokens with online or brick-and-mortar merchants by using tap-to-pay terminal barcode technology.
• Offer users the ability to create smart contracts with other individuals for services and/or product(s). Under the smart contract system, funds can be escrowed and then manually or automatically released once the contract terms have been satisfied.
• Acquiring or exchanging financial products to deposit or withdraw from a user’s bank account for use in the real world or the ability to send it anywhere or keep it in your PaxPay wallet.
• Offer users a way to send money by downloading the application on any computer system or any smart device.
• Implement a marketing platform, where users are able to customize a fully unique virtual store in which users can buy, auction, and/or sell items using cryptocurrency.