What is PointPay Platform (pointcompare)?

08/12/2023 01:53 • Digital Disruptors • 168 views

PointPay is a platform based on Ethereum for digital payments. PointPay is a peer-to-peer trading platform that supports real-time payment services for Bitcoin and Litecoin (including debit and credit cards) and provides instant funds transfer functionality. Through this method, users can enjoy the convenience of financial services without having a bank account. PointPay uses blockchain technology to solve payment problems, with the goal of enabling global economic participants to achieve faster and more secure transfers using the internet.

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Editor’s note: This article is from 8btc news (ID: bitcoin8btc), written by Michael McSweeney, translated by Overnight Porridge; original article link: https://medium.com/@mcc_wlgvnr

Over time, more and more developers have started using the PointCOMP protocol to expand their products. These projects are often referred to as “pointcompare” and refer to companies that create, share, and trade various products and services by providing a common framework. They leverage this new functionality to build products and services with many different advantages.

In the past two years, we have seen some new use cases. For example: 1. The blockchain network can operate as a platform independent of other systems. 2. Integrating smart contracts with another system and having it run in a trusted manner is key to making this possible. 3. Ethereum is decentralized: all assets are secure. 4. “Peer-to-peer electronic cash” is a trustless and immutable technology that allows anyone to participate and manage their own funds or assets. When it comes to this technology, I think it is important because it is “peer-to-peer electronic cash,” which is not as susceptible to fraud and other issues as traditional payment methods. “Peer-to-peer electronic cash” actually benefits those who do not have a bank account to some extent. However, because they are issued by central banks, they are not suitable for most users to perform daily tasks. However, it is important to realize that peer-to-peer electronic cash is still one of the most popular methods. If people want to have easier access to their wallets rather than sending funds directly, they should be able to fundamentally change this process. Additionally, considering peer-to-peer digital currencies, one thing we must be aware of is the significant risks and threats they pose.

For peer-to-peer electronic cash, we will focus on the following aspects:

1. It eliminates potential user privacy issues (i.e., data leaks).

2. It provides transparency (especially for small personal information) and a way to reduce fraudulent behavior.

3. “Peer-to-peer electronic cash” means that you don’t have to worry about not knowing if your account contains sensitive data, and you don’t need to worry about third parties as you do now. If you want to remain completely anonymous, you need to know who owns your account.

4. “This is an exciting feature. But as we mentioned in a previous article: “We have noticed some flawed issues that are causing public concern… Let’s see how to avoid such situations.”

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What is PointPay Platform (pointcompare)?

pointcompare

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