Bridging the gap between fiat and crypto currency
Smart contract blockchain
Svetlana Umarova - Vice-President / Co-Founder
Paycent is a global mobile dual e-wallet that can be funded by cryptocurrencies (e.g. Bitcoin, Ether, Litecoin) with high liquidity and fiat currencies within the same mobile application. This allows the cryptocurrencies holders multiple avenues of spend and straddle the world of fiat and cryptocurrencies. By having integrated fiat and crypto mobile wallets, plus the option of having a debit card linked to Paycent, this opens 200 countries and 36 million points that Paycent is accepted. The full ecosystem of Paycent and Paycent mPOS allows payments for daily household spend such as utilities, cable and Telco airtime. All conversions from cryptocurrencies to fiat will be done in real time.
Paycent looks very well prepared to deliver successful platform. They want to connect the cryptoworld with fiat mainstream one, by allowing users to use their cryptocurrencies to buy goods and services listed in fiat currencies. A digital cryptocurrency wallet will be connected to a plastic card, which can be used just like any general credit or debit card. They put great effort in describing in details all the features and technical aspects of the project. The pre-ICO phase was very successful. When it comes to drawbacks of the project, there are already a few other similar finished ICOs so the competition may be hard to beat, especially if other projects have already been funded and developed.
User ReviewWrite review 4 reviews
So another Monaco like project? I mean, I know that competition is need on all the markets, but I don't understand why would someone literally offer the same again and again. I really enjoy that idea of connecting fiat and crypto, especially with plastic cards, but come on. There were already at least 5 ICOs that offer the same.
I like a project that with the blockchain usage aims to connect the digital cryptoworld with our normal mainstream world and fiat currencies. Their biggest feature is their wallet, which is able to store both fiat and cryptocurrencies and convert and easily exchange among them. It is also very interesting to think that one day you will be able to pay your general bills with one of these cryptocurrencies or tokens. Site's design is quite okay and the team looks solid as there are a lot of people working on this project.
I've seen other similiar projects that aim to combine that fiat and crypto payments. I mean the idea itself is good, but looking at the Paycent I haven't seen anything that would convince me to use their service instead of other, more interesting ICO project that aim to do the same. I'd love to use one of such services when they are fully developed so paying in fiat/crypto wouldn't make a difference and was very easy to use, but Paycent needs to work harder as they are other projects far ahead of them.
This is a promising product! Great whitepaper. The product is well established which is now ready for download in both App Store and Google Play. Thats a great acheivement given the company is fairly new, 2-3 years old. The advisors are are also well known in the cryptocurrency world.
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