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BitcashPay is an all-in-one DeFi project that includes a payment system, decentralized exchange, crypto academy, decentralized lending and many more.
BitcashPay is an All-in-One DeFi Project
Payment System
BitCashPay Financial Technology Inc. aims to be one of the largest payment solutions that globally provides real-time transaction balance and history. By using BitCashPay App, users will be able to purchase products and services such as mobile minutes, fast food, gasoline, airfare, and more.
Decentralized Exchange
BitCashPay will develop a decentralized cryptocurrency exchange integrating Layer 2 scaling solutions to solve the high fees and slow transactions in the Ethereum network. This exchange will also integrate a cash-in/cash-out feature wherein users can buy cryptocurrency with their credit or debit cards as well as convert their cryptocurrencies into fiat.
Decentralized Lending
All lending activities will be accessed through a smart contract to prevent misconduct to both lender and borrower.
Crypto Academy
Since it is true that Cryptocurrency is at its inception, BitCashPay Inc. will offer a Crypto Academy which aims to educate everyone, especially lawyers and accountants who want to expand their knowledge in understanding the concept of Crypto; its process; and its use. They will also offer help for their mentees with placements and referrals.
Staking and Liquidity Farming
Through these, users can earn up to 12% APY by staking in the platform and up to 180% APY by providing liquidity.
Bitcash Co-op
This is a multi-purpose cooperative that is being established and will soon become Bitcash Bank with secured permits and licenses. This will allow their members to borrow money by buying $BCP token and use it in paying their loans.
Token Burn
Five percent of the monthly income of Bitcashpay Financial Technology Inc. will be used to buy tokens from exchanges and burn them to reduce supply.
BitCashPay Team is focused on product development. They launched their first peer-to-peer lending platform, FastCash3K, on July of 2019 and is already partnered with one of the biggest transportation company, the Nokarin Transport Services. They have created 6 products within one ecosystem: blockchain-based bank with staking, crypto lending, crypto exchange, crypto wallet, payment gateway for merchants, and the Bitcash Co-op.
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