The Cryptocurrency currency market is growing very fast. According to a 2017 study published by the Cambridge University Alternative Finance Center, "Cryptocurrency such as bitcoin has been viewed by some as just a passing or insignificant trend, but that view is increasingly in conflict with the data we observe."
The Center's research states that as of April 2017: the combined market value of all cryptocurrencies is $ 27 billion, representing the degree of value creation on the order of Silicon Valley success stories such as AirBnB. The emergence of cryptocurrency has also triggered many new business platforms with considerable valuations of their own, along with new forms of peer-to-peer economic activity.
Further studies show that the total cryptocurrency market capitalization has increased by more than 3x since the beginning of 2016, reaching nearly $ 25 billion in March 2017. Other estimates suggest that the value of ether, bitcoin and more than 800 other blockchain-based assets is estimated at $ 154 billion, according to CoinMarketCap with year-on-year growth of 1,240 percent year on year.
Consumer Sentiment Against Cryptocurrency Use - Consumers gradually and consistently warm up to cryptocurrency usage. According to the PwC 2015 Consumer Cryptocurrency Survey, 6% of respondents said they were "very" or "very" familiar with cryptocurrency.
From this data PwC concludes that familiarity will increase as consumers begin to have access to innovative offers and services that are not available through traditional payment systems. Furthermore, the findings from this survey show that 86% of respondents who have used cryptocurrency last year expect their cryptocurrency use to increase significantly in the next three years.
Furthermore, respondents believe that cryptocurrency will have a significant potential impact on banking and retailing. Thus, "the majority (76%) of users today say cryptocurrency will redefine the banking as we know it, and 59% say their banking experience will be enhanced if they have greater access to cryptocurrency currencies."
Consumers have shown affinity towards adopting cryptocurrency purses and transfer applications. Estimates of the use of cryptocurrency for payments vary due to issues regarding the quality of available data to track these transactions. The 2016 report published by the Federal Reserve of Boston estimates that "75% of US consumers with cryptocurrency have used it for payment in a 12 month period." A report released by Coinbase / ARK Invest indicates a more conservative estimate, stating that "46% of Coinbase users use bitcoin as a 'transactional medium' (defined as making at least one payment per year)."
According to the Cambridge University Alternative Finance Center, the approximate percentage of 35 million cryptocurrency purses in active use ranges from 7.5% to 30.9%. In addition, estimates indicate that "there are at least 3 million people who are actively using cryptocurrency today with between 5.8 million and 11.5 million purses currently estimated to be active." From this data can be concluded that the use of wallet will continue to grow.
PaxPay aims to provide various consumers in the crypto market with new and innovative experiences when they spend, send some money, sell or just buy. So the company has seen a solution to this problem that exists in the market is to create all in one platform that will meet all your transaction needs.
With this promising platform, the company promises to expand it globally, to ensure all users enjoy the benefits that an efficient system can offer. Not to forget, they have ensured that they have designed an easy-to-use platform that will be able to get rid of the market of general monetary transaction problems we've been through. The company hopes to create a further expansion of blockchain technology; thus, this will shape a brighter and better future for various participants in the market.
The platform will have a futuristic crypto bracelet. The futuristic bracelet is called Paxlet. This will serve you as the fastest and even most reliable way you can pay with your cryptocurrency in the real world. All this can be done simply by scanning or even swiping your bracelet on physical business, while still having the highest level of security to prevent hacking your account.
The wallet will be super user-friendly. This wallet has been designed with high security features that allow you to quickly transfer and also sell your cryptocurrency using your email, name, or phone number. This can all be done via a secure mobile phone card, nothing can be easier than this. With crypto-based mobile payments, you'll be able to spend your funds with a brick-and-mortar or online option.
There will be a virtual marketing platform. The marketing platform will allow you as a user to sell, buy, or auction items using cryptocurrency or just fiat currency. PaxPay will undoubtedly be the first to launch a marketing platform that will allow users to use cryptocurrency as their payment mode; surely you have to be a part of it.
You have the opportunity to earn extra income. It's easy, all you have to do is register trade and skills that other users can use on the PaxPay platform. They have really thought out of the box in many ways you can make a little extra money.
This platform has a very simple withdrawal and storage feature. This platform will allow you to transact funds into your account quickly. And do not forget the bonus structures they have set up, this every time you use PaxPay for payment, so get on the platform and enjoy the benefits that can be offered to you.
PaxPay will offer users the option to contract smartly with other individuals on the PaxPay platform to perform any kind of job, service exchange, and / or product. Once the terms of the contract are met, funds can be released automatically or manually for other parties on the PaxPay platform.
The PaxPay virtual market platform is already under development. This platform will enable merchants, large or small, to build unique and customizable stores for all types of businesses to increase revenue by selling goods around the world. The PaxPay platform will allow consumers the ability to purchase goods at wholesale prices directly without intermediaries.
PaxPay seeks to fill the needs in the cryptocurrency application market by simplifying and making cryptocurrency use more accessible and consumer friendly. PaxPay provides a potential platform for existing cryptocurrency users, future users, and large potential markets of individuals and industries that do not have bank accounts that want a seamless way to conduct global and local transactions.
Furthermore, PaxPay strives to provide a low-risk and secure way for consumers looking for a secure way to spend and receive cryptocurrency in a manner similar to current mainstream payment methods. Paxlet will be a new and innovative way of providing secure storage for consumer digital currencies while delivering a fast and efficient way to use crypto currency for all types of transactions. In short, PaxPay's value lies in its ability to create a comprehensive and easy-to-use financial platform that will bridge the gap between cryptocurrency and fiat currency transactions.
PaxPay comes in the form of a digital currency named PAX. The PAX Token will go on sale from April 24, 2018 to July 1, 2018, at a price of 6500 PAX equivalent to 1 ETH. The purchase of token itself can be done with foreign digial currency such as ETH and NEO. Do not forget, get also purchase bonuses at certain time period.
PaxPay itself is the result of teamwork initiated by Duy Tran, PaxPay strives to provide their best capabilities in this project. In addition, the team also strives to provide the best benefits and services, to anyone interested in joining the project.
So that's all for review our ICO project for this time, hopefully can increase your knowledge in choosing the best project ICO to you invest. If you are interested in joining this project, or intend to buy a token in the sale. You can visit their official website and page below:
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