Does this mean that regular individuals can't use Paybear's website to send and receive payment like Paypal?
As I said on my comment, right now the main focus of their team is to be able to provide merchants w/ no cryptocurrency payment option the ability to receive payments from us the "Crypto holders".
Just checked their site and I think (Not sure) it's mainly a payment channel for merchants. I hope that they can expand so that non-merchants can use their low fee service like Paypal and Bitpay.
In their telegram an Admin said: "Paybear is focusing on the merchants but it doesn't mean that we will not launch an ICO." I think their plan is to settle first before launching it, IMO.
ok great! Also, less than 1% fee is awesome... Where did u get this news? I'm interested to follow.