“We are committed to becoming a crypto bank for 7 billion people.” – Vladimir Kardapoltsev, CEO of PointPay
October 03 2022 - 8:23AM
NEWSBTC
Digital banks are coming on the market – banks that allow you to
open accounts, take out loans or send money in just a few minutes.
But how does it work? We’ve interviewed the CEO of PointPay to
figure out how your first crypto bank will try to challenge the
traditional financial system. Q: Tell us about the PointPay
ecosystem. What projects does it include, and what services does it
provide? Who are your main clients? A: PointPay is a comprehensive
service provider in the cryptocurrency market. Launched in
2018, PointPay already has more than one million active users
worldwide. We seek to help people from all walks of life access the
financial tools they need to build a better future. Our core
products are a blockchain-based bank, exchange platform,
cryptocurrency wallet, and payment system. We offer a diverse range
of services that enable you to buy and sell digital assets, take
out cryptocurrency loans, store your holdings securely, earn
passive income on your holdings, and more. We aim to provide a
comprehensive range of services in one place. We’ve developed many
innovative products, such as Launchboard, Escrow, and HR Talent:
PointPay Launchboard offers investors the opportunity to be among
the first to invest in promising cryptocurrency projects. Our goal
is to support the crypto economy by providing our customers with
priority access to quality emerging projects. PointPay’s Escrow
Platform is a service that helps protect buyers and sellers in
transactions. We act as a middleman to help ensure successful
transactions by keeping the buyer’s money secure in an escrow
account. PointPay Talent Platform – is a platform that matches
employers with remote professionals. The Talent Platform is our
solution to finding and attracting top-level talent worldwide. Q:
Your company provides cryptocurrency banking services. What
functions are already available? Tell us more about it. A:
PointPay, a blockchain-based bank, allows users to earn interest on
32 of the most popular digital assets by simply funding a Savings
account. We offer a transparent and simple interest rate that
allows anyone to earn APY on their assets. Furthermore, PointPay
customers can borrow and lend seven popular cryptocurrencies with
USDT as collateral. Cryptoloans do not require a credit check
because digital assets serve as collateral for transactions. We
offer the lowest interest rates on cryptocurrency loans – users can
borrow assets from us at 0.012% per day. We are planning to launch
crypto debit cards, enabling users to make online and in-store
purchases with the same ease as with a traditional debit card. Q:
What crypto processing options do you offer? How do you work with
accounts? Can a large business organize cryptocurrency acceptance
with the help of your solutions? A: Several months ago, we
introduced the Unified Balance System. Now users have two accounts
in the PointPay System – Regular and Savings. Regular Accounts can
be used to perform any transactions, such as trading on the
exchange, buying or selling crypto, etc. A Savings account serves
as an interest-bearing account. It is suitable for holding your
funds as you can transfer funds only 3 times per month; otherwise,
you will not earn interest on your funds. PointPay Payment System
allows customers to buy and sell digital assets with a bank card
for fiat currencies, such as USD, EUR, GBP, and others. You can
easily buy or sell assets using Visa, MasterCard, Bank Transfer,
and more. We support over 50 major fiat currencies via our
developed network of payment providers. We are planning to
introduce recurring payments for individual clients and businesses
so that they can accept periodic payments from customers. Q: What
earning opportunities for regular users (staking, trading) does
your platform provide? A: In addition to Savings accounts, we offer
a Staking Program that allows you to earn passive income. The
program provides an easy way to earn passive income by locking up
PXP tokens in your personal wallet. Users can lock their tokens for
3, 6, or 12 months to receive rewards on a progressive scale – the
more tokens they invest, the higher their return will be at the end
of the period. We are constantly adding new ways for customers to
earn rewards. For instance, our new service Launchboard allows PXP
token holders to vote on projects that want to be listed on our
platform. In return, token holders will receive project tokens. Our
users can take advantage of our cryptocurrency exchange to grow
their portfolios. We provide three types of interfaces: Classic,
Advanced and Quick Exchange. The Classic and Advanced versions are
intended for experienced customers, while Quick Exchange offers
simplified exchange functionality. We also offer some of the
market’s lowest trading and withdrawal fees. Q: Tell us more about
your token. How is it used in the ecosystem? A: PXP is a utility
token that allows our clients to use all the benefits of our
PointPay Ecosystem. As the owner of the token, you can enjoy:
Reduced Maker/Taker fees, depending on the number of tokens you
hold; Earning passive income on Savings accounts and Staking;
Instant commission-free transfers within the PointPay Ecosystem;
Access to promising innovative projects on the Launchboard platform
and much more! We are constantly working on expanding the perks and
bonuses for our token holders. Q: Tell us about the company’s plans
for the next 3-5 years. A: We are committed to becoming a crypto
bank for 7 billion people. We plan to attract investors, traders,
and everyday users by creating an ecosystem of complex solutions.
We always follow the trends in cryptocurrencies to offer the most
relevant and in-demand products. Soon, we plan to launch several
new solutions such as Margin Trading, Recurring Payments, ACH
transfers, and much more. In three to five years, we aim to build
the leading ecosystem of cryptocurrency products that provide our
users with all the services they may require in one place. We
strive to become the number one cryptocurrency services provider in
the world.
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