Post
Topic
Board Altcoin Discussion
Re: Paysic is launching new transaction system
by
Paysic
on 17/10/2019, 12:38:55 UTC
Aren't fiat transactions already instant? There are new banking systems which allow instant payments from different banks.

There's also other apps like Skrill and Paypal where you can send fee-less transactions instantly. What's the point for me to pay you a 15 cent fee for doing this?

Not sure what's the point of an ICO here, I really don't see a future application to this and it's nothing new. No offence.
Hey!
Thanks for your questions!
Fiat to fiat transactions are still the subject of change: all bank-bank transactions are wire based therefore they cost a bit more than server-based ones that can be easily hacked, duplicated or destroyed.
About the PayPal, they do charge fees that are larger than ours (they are percentage-based) in case the money is sent to another country.
The ICO for the platform itself is not needed, however for the crypto-fiat payments there is a need for HRC 20 token in the system, therefore, we have decided that the best solution would be our own token.
Hope everything is answered, if not I'm here Smiley