• Banking
  • Business services
  • Payment

Paygine 3/5 (1) - Open Financial Blockchain platform for Fintech and Crypto business

Paygine is an open financial platform designed to operate within its own proprietary banking structure and designed to serve FinTech and crypto-business needs in areas of money remittance, cryptocurrency exchange, and payment for "real" goods and services under white label solution. Paygine's key competitive advantage over similar projects is that it can leverage off existing platform and technologies that is currently used by FinTech businesses, e-commerce, and beyond. The Paygine platform would offer the following services by utilizing Best2Pay existing technology: - Transferring cryptocurrency to/from a bank card; - Paying in shops and stores using a card in cryptocurrency; - Accepting...

Token sale ended

3.0
Hype2.0
Security4.0
Team3.0
Vision3.0
  • Token: PGC
  • Price: 1.00 PGC = 1.00 USD
  • ICO start: 18 Jun 2018
  • ICO end: 17 Aug 2018
  • Country: United States
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Paygine is an open financial platform designed to operate within its own proprietary banking structure and designed to serve FinTech and crypto-business needs in areas of money remittance, cryptocurrency exchange, and payment for “real” goods and services under white label solution. Paygine’s key competitive advantage over similar projects is that it can leverage off existing platform and technologies that is currently used by FinTech businesses, e-commerce, and beyond. The Paygine platform would offer the following services by utilizing Best2Pay existing technology: – Transferring cryptocurrency to/from a bank card; – Paying in shops and stores using a card in cryptocurrency; – Accepting cryptocurrency as a payment for goods and services at online stores; – Carrying out cross-border transfers of fiat currencies by means of cryptocurrency with minimal costs; – Maintaining wallets in both fiat currencies and cryptocurrencies with the ability to conveniently and quickly convert funds between them.

https://youtu.be/rk7RhltrSYM

Team

Kirill Radchenko

CEO, Best2Pay and cofounder of Pay Engine Limited

Michael Luposhtyan

Senior Vice President

Maxim Neshcheret

Business Development Director

Raniya Luposhtyan

Chief Financial Officer

Alexander Petrov

Chief Technology Officer

Vitaly Furmanov

Senior Vice President

Advisors

Partners & Investors

Milestones

  • 1 STAGE (36 MONTHS)
    Buying banks: Paygine Bank Europe and Paygine Bank Caribbean Implementation of core system, integration with accounting systems Updating the peer-to-peer system Adjusting existing payment gateway to work with cryptocurrency Global open API for all services + blockchain (private DL) Development of operational documentation and AML procedures Agreements and integration with world crypto exchanges Introduction of processing (emission and acquiring) Entering the MPS + implementation and certification Registration of the exchanger + IT system Workflow management, changing banks team, opening additional correspondent accounts Launching the crypto-wallet service Launching merchant account product Own issue of cards to the wallet, virtual cards Peer2Peer services on platform based on partnership Peer2Peer service based on its own emission Transfers from Europe to US and other countries
  • 2 STAGE (36 MONTHS)
    Obtaining a license in all states Money Transfer(MT) software, integration with external systems Development of operational documentation and AML procedures Global openAPI for all services + blockchain (integration of Paygine Banks via private DL) Signing agreements and integration with major world cryptocurrencies Launching API for US-MX and US-EU transfers API Launch for transfers in each state to the extent of MT license availability or entering into an agreement with local operating MT Creating an infrastructure for receiving and providing cash
  • 3 STAGE (30 MONTHS)
    Opening of Paygine Bank representative offices in Southeast Asia and the US Connecting offices to the system Paygine core bank system Global open API for all services + blockchain (uniting with PaygineBanks and MT (US) into one private DLT) Registration in the MPS + connection of offices to the central processing Adjustment of operational documentation andAML procedures for new activity in the representative offices Closing of all cash flows of the platform in the banks of the Paygine group Launching all services in Asia

Token

  • Platform: Ethereum
  • Price: 1.00 PGC = 1.00 USD
  • Accepting: BTC, ETH
  • Token distribution: 57,03% - Reserved 28,14% - ICO 14,83% - Team
  • Soft cap: $3,000,000
  • Hard cap: $30,000,000

Proof Points
4/5

Legal entity

Address: Paygine Crypto, LLC, Address: 20 West 36th street, 12th Floor New York, NY 10018

opencorporates.com

Prehistory of project

Paying system Best2Pay.

Product or its MVP

No product or its MVP.

 

Blockchain experience

Partner Gary J Ross has experience as founding partner in iShook.

 

Escrow

No escrow information.

Comments

Update 30.06.2018

Media

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