Point Pay’s Road Map: From Payment Processor to an Exchange Platform

On average, the global financial industry manages transactions worth USD 200 billion on a daily basis. Further analysis highlights that in order to process each transaction, it requires at least 3–5 business days for a transaction to get clearance and get deposited into receivers account. Needless to say, the financial intermediaries take 3% of the total transaction value as a service fee. Now, this method is not only time consuming but also expensive.

The project is aiming to build its own centralized exchange with a native token, PointPay (PXP). The exchange would allow crypto-to-fiat, fiat-to-crypto, crypto-to-crypto and fiat-to-fiat conversions at the most affordable service charges and in the shortest time possible.

While the PointPay payment processor allows fast transactions, complete ownership and instant withdrawals while using blockchain technology, its own exchange platform offers complete security, easy trade, hedge accounts, leveraging option and crypto loans. Hence, with a complete focus towards building an eco-system of money management leveraging blockchain technology, PointPay is working on bringing a range of solutions catering to traders, investors, institutional investors, and retail users.