PAYGINE – Transformation of traditional banking into crypto service as a new stage of global banking evolution

Paygine is an open financial platform designed to serve FinTech and its crypto-economic needs in money transfers, currency exchanges and payment of “real” goods and services in White Label solutions.

– White Label Model

Provide customers with means of payment under their brand name, regardless of size of business.

– Using tokens

If the project is launched, each token holder will have the right to pay for goods or tokens in a ratio of 1 PGC = 1 USD.

– The strongest team

Long-term experienced professionals from retail space from all over the world. The developer team is ready to customize all your services for the project from varying levels of complexity.

Check out his video about the paygine project below:

Based on the needs of international banks and financial organizations, the founder of Best2Pay decided to create a new platform, unified by an open API IT system. The main competitive advantage of Paygine compared to similar projects is that it can improve the services and technology of Best2Pay, which is currently used by companies, e-commerce, and other FinTech.

The Paygine platform will offer the following services using the existing Best2Pay technology:

> Transfer crypto currency to / from bank card;

> Pay in stores and shops using cards in crypto currency;

> Crypto currency receipt as payment for goods and services in an online store;

> Transferring cross-border currency using crypto-currency at minimum cost;

> Maintaining a wallet in both currencies is fiat and cryptocurrency with the ability to easily and quickly convert funds between them.

Best2Pay and established in the UK in 2012 by banking sector specialists with experience in projects in American Express, SEB, Raiffeisenbank, Bank St. Petersburg. Petersburg, Russian Standard Bank and Sberbank.

Best2Pay services use projects from financial and e-commerce to serve more than 1.5 million subscribers, an increase of 34% every month.

The Best2Pay platform enables you to implement projects of any complexity that will take into account the unique capabilities of client’s business processes, infrastructure and client target customers.

BEST2PAY – LEADER MARKET FOR ONLINE PAYMENTS AND TRANSLATION

Best2Pay monthly earnings, loan repayment and peer-2-peer transfers for 2015-2017 (USD).

We came up with the idea to build an open financial platform that includes the bank (the founding bank of the platform) in 2017. At that time, we, together with our partners launched the Bitcoin-money transfer system for money transfers from the US to Mexico. We have developed an IT system to handle all legal issues with the help of lawyers, and accept legal opinions that affirm the legality of operations and actions.

It seems only one small thing – to find a bank ready for cooperation – that’s the beginning of our problems. As soon as they learn that we will use Bitcoin as a method of payment, the bank will immediately reject us, regardless of all submitted documents and legal opinions. We faced the same problem when we tried to set up the last money transfer service in Europe. All decisions are too complex – with many intermediaries – and do not guarantee a smooth operation for more than 1 or 2 months, even considering that, in addition to legal opinions, we comply with all requirements for AML / TRC. But that does not help. Banks and financial institutions simply refuse to work with us when they hear “bitcoin”, for no reason!

The second problem we face in the United States and Europe is that even if some financial institutions do not stop talking after listening to bitcoin, it turns out they do not have a “white label” option and they can not provide all the services we need through the API. This leads to the fact that our customers directly contact our partners, present the entire document, use their interface, etc.

As we know later, more than 79% of the FinTech crypto startup and associated CME are struggling with these two issues. Today, according to various estimates, the total crypto currency market capitalization has surpassed several hundred billion US dollars – and most of the money is not available for the real economy or for real people in their daily lives!

That’s why we decided to offer something fundamentally new to the market.