PAYFREQENCY; THE ACCEPTABLE STABLECOIN ACROSS BORDERS

in #ethlast year

INTRODUCTION:

A brief glance at the emerging market of crypto projects is sufficient to understand the potential of the blockchain as a powerful, advanced technology of the future. Yet, despite its vast prospects, a major part of blockсhain-based systems still remains at an entry-level, far from being qualified for a general user. Today, the developers’ community is facing a number of unresolved issues preventing a full-scale implementation of the blockchain technology in a vast variety of industries, where it could potentially be applied at a great profit.one of the areas where the blockchain technology could be applied and utilized effectively is the quest for digital money. Since Fiat has been dominated and controlled by government and centralized bodies elected by the people. The blockchain has ushered us into a new era. The era of smart contrast to create digital money which are pegged to the fiat money. It is known as stablecoin. The usage of stablecoins as a means of payment for services.

PAYFREQUENCY:

The need to peg the FIAT money gave raise to stablecoin. This happens to be the reason behind the payfrequent token which was issued in the republic of Seychelles. Registered under the international business companies Act 2016 of Seychelles financial law. The token was pegged with the native Seychelles fiat money in the ratio of 1:1. This token was designed in the tomochain blockchain platform.

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IMPORTANT OF STABLECOIN;

The reason behind the stablecoin is to develop a cryptocurrency that is pegged with the Fiat money creating a means by which cryptocurrency investors can easy hold their funds with little or no effect of price value. It is built to maintain a stable value price of 1:1usd, euro and other fiat currencies. One of the most important benefits of stablecoins is that, if widely adopted by a large number of crypto exchanges, they create an opportunity for price hedging and risk management that is several times cheaper than hedging versus fiat.

WHY PAYFREQUENT TOKEN.

TRUSTED AND SECURED.
Most of the stablecoins available in the market today has flaws. Most stablecoins are not properly audited while some are charges high fees when transferred from one platform to another. The #Payfrequent stablecoin token offers one of the best and as it stands the fastest in transaction with little or no delay in the network(2 seconds to transfer funds from one account to another). Another great feature of the payfrequent stablecoin token is transaction is very cheap.
The diagram below shows the difference between most popular stablecoins.

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INCENTIVIZE PAYFREQUENT TOKEN HOLDERS.

The payfrequent token holders is the first stablecoin token to rewards long term holders in the platform. This is the first stablecoin with plans to rewards token holders in other to encourage them.
Payfrequent token holders are automatically rewards based on their holding balance. You can spend your balance whenever you want without waiting for the reward to be cleared. The diagram below shows how holders will be reward

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THE FEATURES OF PAYFREQUENT TOKENS.

The payfrequent wallet.
PayFQ Card
PayFQ Merchants

STABLECOINS OFFERED BY PAYFREQUENCY.

1; PUSD. PUSD Coin (PUSD) is a type of cryptocurrency that is referred to as a stablecoin which is redeemable at the rate of 1 PUSD Coin for US$1.00, giving it a stable price.
2; PEUR; PEUR Coin (PEUR) is a type of cryptocurrency that is referred to as a stablecoin. Which is redeemable at the rate of 1 PEUR Coin for € 1.00, giving it a stable price.
For more information on PAYFREQENCY;
VISIT: https://web.payfrequent.com/
https://t.me/payfrequent
https://twitter.com/payfrequent