The world of cross-border payments has experienced significant changes in the past five years. Traditional correspondent banking methods have faced challenges from emerging alternative solutions and new industry players. However, the direction and impact of these changes remain uncertain. At PayAccept, we firmly believe that decentralization is crucial in creating a better society for all. By facilitating the global transition to digital assets, we are actively contributing to this transformative direction.

International payments have played a vital role in enabling cross-border trade and investment, shaping today's global economy. Banks traditionally dominated the cross-border market due to their extensive network of trusted parties, regulatory and technical infrastructure, and liquidity capabilities. These banks were occasionally affected by price pressures but still maintained robust margins. International payments generate approximately $200 billion in revenues globally, with transaction fees and foreign exchange (FX) revenues accounting for an equal share. This represents 27% of total global transaction revenues and is growing at a rate of 6% annually.

The global cross-border payment landscape is currently undergoing several trends that could fundamentally alter competitive dynamics. These trends include emerging technologies like distributed ledger technology (DLT), card and network innovations, evolving regulatory and sanctions frameworks, expanding international commerce, and changing customer demands. Moreover, new entrants such as TransferWise, Alibaba, and Amazon are intensifying competition for established players.

PayAccept's mission is to implement a comprehensive digital infrastructure in line with our roadmap. This infrastructure will facilitate the mass adoption of crypto assets and provide access to traditional and blockchain-based financial tools for individuals, businesses, and the unbanked. Our platform will feature a user-friendly wallet management system, enabling seamless conversions between cryptocurrencies, stablecoins, and fiat currencies. PayAccept has developed a blockchain that supports multiple liquidity pools, allowing for swift conversions between various assets. Digital asset transfers to stablecoins or locally accepted fiat currencies can be executed globally within seconds.

PayAccept users will have access to a range of financial services powered by blockchain technology. These services are built on blockchain protocols, enabling users to trade assets, create unique assets, operate as a wallet service provider, and interact with decentralized protocols and digital assets through a user-friendly interface.

Key Features of PayAccept: - Fastest payment application built on the blockchain - 100% decentralized - Support for all tokens and coins - Built-in support for DeFi and NFT - On-off ramp with fiat gateway - Mobile application available on iOS and Android - Company located at the High Tech Campus in Eindhoven