$PFT is a decentralized, yield, secure token on the Binance Smart Chain. Easy secure and fee free!
PayFlow Token or short PFT.
One of the goals is to motivate people by holding their coins and maximize their profits. We at PayFlow want not only to be part of the movement of Decentralized finance but play an active role in exploration, development, and above all implementations of this technology of the future of digital payments.
What is PayFlow (PFT) Token?
Our future goal is to function as a Digital Payment Solution. We will create a PayFlow Debit Card where you will be able to spend and withdraw your PFT everywhere! PayFlow will be easy-to-use and fee-free. We strive to make it possible to pay securely and quickly digitally without having to exchange currency 5 times and pay alot of fees. With PayFlow this is over! At the end, we want everyone to have the same chances of having fun in crypto trading and investing. This will make business truly efficient, transparent, and reliable. Payments are approved or declined immediately. Through PoPP and the PFT platform.
Market Competition.
The protocol of PayFlow is intended to be a comprehensive solution that offers robust payment mechanisms far more credible, efficient, flexible, cost-effective, and scalable than the current implementation. Unlike today’s payment methods which include credit cards and virtual coins like Bitcoin, the protocol is being designed from the ground up with the intention to overcome some of the existing payment problems. We believe that PayFlow will have the potential to increase economic efficiency, reduce friction, and minimize risk by removing intermediaries such as credit card companies that also charge excessive fees.
Target
PayFlow can be set as a simple transaction that includes, among others, recurring payments, pay-per-use payments, split payments, exchange rate corrections, or a combination of the above. We believe the solutions offered by PayFlow will create many opportunities for each and every person.
The current state of cryptocurrency makes it possible to create opportunities. Because the word cryptocurrency doesn’t ring a bell at every individual it can sometimes be difficult to understand the process as you have to have a fundamental understanding of the software that it runs on, the best security practices, the ability to get in and out, avoid fluctuation and find the lowest possible fees. In addition, even armed with these skills, many users are forced to include multiple actions and wait some time before their payments are executed. In the case of PayFlow, payments are approved or declined immediately. Through PoPP and the PFT platform, we are incentivizing usage and adoption of cryptocurrency and building an ecosystem for users.
PayFlow’s initial target markets will include certain underserved industries around the world that are operating legally and are compliant with state laws. This focus will allow PayFlow to reach into multiple-billion dollar markets in payment processing volume underserved by traditional payment companies because of the high-risk status. Furthermore, PayFlow will make cryptocurrency go mainstream for consumers through the ease of use and promotion of multiple blockchains and tokens. We hope that PayFlow will plug into millions of people using it daily with eventually reaching the top of the cryptocurrency market.
PROOF-OF-PROCESSED-PAYMENTS
Proof-of-Processed-Payments (PoPP) acts as a provable way of identifying users and distributing new currency into the system. At the same time, it rewards users who convert fiat currency into cryptocurrency. For this identity-based, volume-dependent distribution network, PayFlow first identifies a user through a social security number or passport ID with identification software. Second, PayFlow gets a photograph on file, either a selfie or picture of identifying documents.
PoPP
Third, PayFlow can link a credit or debit card number in preparation for processing a payment. If no credit/debit card is available, a user can sign up with only an email address and invoice credit/debit/ach accounts into cryptocurrency.
Provided all data points check out and the registered name on the identification matches the name on the credit or debit card, PayFlow initiates a payment using proprietary anti-money-laundering (AML) and anti-fraud technology. The payment typically declines or accepts in under one minute. The pending payment notification shows on the transaction list for the receiver of funds. When the payment is completely settled and the bank transfer or cryptocurrency issued, a portion of the gross amount of the payment is returned in PFT tokens.
This is 5% of the volume of the transaction at trading value for PFT in either direction (sender/receiver). As an 6 example, $100 in PFT is sent. It is trading $1/PFT. Both sender and receiver would both get 5 PFT.
We are aiming to promote more frequent use of the cryptocurrency in online and offline markets, thereby significantly increasing the total volume of payments transacted with cryptocurrencies, as well as contributing to the global trend of payment decentralization.
