Cleverly look ahead with PayPro

Februari 25, 2018

Cleverly look ahead with PayPro

OUR BEGININGS

PayPro was born in 2015 as an online tool for making payments in 25 currencies saving up to 90% on hidden bank fees. We got regulated by the Financial Conduct Authority,raised two funding rounds of €750,000 in total and spent a little bit more than a years in the market . We managed to process €500,000 per month ,which is not bad at all compared to the early beginningsof Kantox or Transferwise ,for instance .

From that experience ,we soon learned that the payments/ banking industry was totally outdated .Thus, we soon realized that we had to make a step forward if we wanted offer a truly disruptive value proposition if we wanted to change the industry.This is why we started to listen to the market ,talk with industry's experts and do a lot of test and fail.And this is how we created PayPro: the first decentralized bank built.

OUR FUTURE

In a future where Smart Contracts will be used to many of our daily activities,such as using decentralized computer power ,trading or insuring a car ,we believe that banking is also going to be decentralized.

On the one hand,traditional banking services are being decentralized thanks to many initiatives coming from all over the world and being built over the Ethereum protocol - some of them can be tracked here : https://www.stateofthedapps.com in our perspective ,all these applications meed to be offered through a common platform same as Android applications are offred in Google Play ,as otherwise the user experience diminishes.

On the other hand,user are going to need new forms of storing value due to the raise of smart contracts.All tokens coming from smart contracts and currencies need to be stored at the same place and hence, a new form of wallets need to be created. These wallets are meanst to represent all the crypto - assets and liablities of and individual.

As a result ,if our marketplace manages to gather a universal crypto - wallet and a financial marketplace in the same place ,we will have created the first decentralized bank - alike application where users will be capable of storing and managing all their crypto asset ,ranging from storing currencies,loans or investments.

THE PRODUCT

We understanding that the core functionalty of PayPro has to be its capacity to store currency - value and spendit .Otherwise there is no point of storing value if it can not be used.For that reason,we have built the banking platform first.

Wallet

PayPro will accept most formsof crypto - currencies.Useing Ethereum will allow user to store at least the 100 most used curriencies by transaction volume per day .Of course,PayPro Token will be our main curriency and will be easly exchanged with any other currency.

So far,we have developed an iOS app that allows to store BTC,but this is just a proof of concept made for user experience purposes. You can download it on the AppStore here :https://itunes.apple.com/us/app/paypro/id1225181484?l=ca&ls+1&mt+8

TIMELINE