Quote from: TrueReligionn on February 20, 2018, 10:09:51 AM

Quote from: hua_hui on February 19, 2018, 07:13:04 PM

Quote from: magisterr on February 19, 2018, 06:28:29 PM

to TrueReligionn

as for liquidity of PYPL tokens, I read their whitepaper. and if you will do same, you would know, that, people will pay in Pypl tokens for insurance and have bonus. So it will be more profitable to pay in their tokens instead of fiat.

Quote

Members gets additional 2% bonus rewards in PYPL tokens when purchasing insurance policies on the PolicyPal Platform.

They also will have own blockchain in Q3 2018 (because transaction on Ethereum are to expensive and not stable). Alpha and Beta will be on Ethereum blockchain early.

Do you think, such big player like Paypal can allow himself to work with shitty projects?

I cant understand, why people dont doing research, and believe in real full shit like "Blockchain 4.0" with unknown person and incomprehensible projects, who just made hype and want to grab money, and than this people will be crying. May be better to pay attention really good projects, with real team and real product?

Really thanks a lot for helping me to answer the questions.

Using the Policypal Network tokens will entitled you to have a discount on the insurance package/policy.
In addition, the 'cashback' will also be rewarded in tokens form.
More functions for the token usage will be announced in the future when the main net is closer to launch. By then, with it own mainnet, there will have even more utility of the tokens.

Hello, I pmed you about unban in telegram group

I have replied you in pm

Quote from: magisterr on February 19, 2018, 09:34:38 PM

As for exhange fiat to PYPL on their platform - Im agree. It should be convenient for users. But I think they will do this of course. They are professionals, and I think they know how to do better.

As for Paypal, read this article:

http://fintechnews.sg/11127/insurtech/policypal-becomes-first-start-graduate-mas-fintech-regulatory-sandbox/

Quote

Founded in April 2016, PolicyPal employs the use of algorithms to analyze current insurance coverage received funding from 500 Startups and angel investors and is presently working with global insurance
companies to help them go digital. PolicyPal Pte. Ltd. is a company under the incubation of PayPal. The PayPal incubation program is an APAC Fintech focused incubation program run by PayPal.

Quote

It has also partnered with global insurance companies in Singapore AIG, Aviva, AXA, Etiqa and NTUC Income. PolicyPals regional expansion strategy includes scaling their existing platform and operations beyond Singapore to include Japan, Taiwan, Indonesia, and Thailand.

Just for example:

Aviva - Market capitalization: 19,83 billions dollars
AIG - Market capitalization: 53,46 billions dollars
AXA - Market capitalization: 61,39 billions dollars

If PolicyPal will take its niche, can you imagine what marketcap will be in policyPal? At last few billons dollars from primary 25 millions... And how much can be cost tokens (coins in future)?

Policypal Network will be tapping on the unbank community mainly in Asia. They are not as policy maker but they are linking the unbank people to the necessary insurance agency. So in this way, they are not try to have a cut in the insurance agency, but they are working together with them so that both can gain even more from tapping on the unbank. On the other hand, as Policypal Network is not covering the insured sum, Policypal Network is not exposed to risk whenever there are massive destruction.

Like what Val say during the meet up, the risk that Policypal Network has is about not able to reach out and help as many unbank people out there.