In traditional finance, money is used as a storage of value, a medium of exchange and something that can yield returns. Although, native currencies fulfill all above-mentioned purposes, they fail to grab higher yields due to the factor of inflation.
After 2008 financial crisis, Satoshi Nakamoto introduced a new model of finance, decentralized finance. The purpose of the newly introduced bitcoin was to enhance ownership of assets, increase transaction speed and exclude all financial intermediaries and their underlying costs to make money transfer as simple as a WhatsApp message.
Today, the entire cryptocurrency market is worth USD 300 billion with 2,400+ cryptos listed on 300+ crypto exchanges. The mantra of decentralization is on the rise, and so is the blockchain adoption. In all the scenarios where trading the digital asset becomes easier, investors are looking for stable passive income options via cryptocurrencies.
To make things even more interesting, PointPay is working to introduce the first native crypto wallet linked with a crypto bank. Meanwhile, the project is working on credit card systems to allow investors to take utmost benefit of their underlying investments in its wallet. Very recently, the management is also exploring the options to introduce Proof of Stake (POS) with native token PointPay (PXP). The idea would revolve around linking the PointPay wallet with that of a proof of stake master node which would allow minting of new tokens and in return investors would be given the benefit of more PXP tokens which can then be traded on exchange.
The idea would bring additional returns for PointPay investors, enhance the decentralization notion for the project and would allow the management to boast an even larger community, driven by investors, traders and consumers.
