Token/Coin ID: SXP
Business Category: Business services, Cryptocurrency, Banking, Investment
Launch Date: 2017-10-03
|Selfpay Market Cap|
Bridging the gap between traditional payments and cryptocurrency
Taking the opportunity that, in Asia, the transaction fees are very high and always added on top of the final price, instead of proposing loyalty point to customers that are mostly tourists and will unlikely return, we are sharing those transaction fees with the seller and our ICO backers!
An Existing product
Our product already exists (released in 2016) and is ready to be marketed and spread across South East Asia. We have a clear roadmap to ensure a product market fit at each step (offline seller to online merchants)
A mature team
Our team is balanced, including senior people that are able to manage the growth, but also young talented members to keep the steam going
Applying existing technology
We are building on top of other existing technologies such as using payment aggregators instead of setting up our own payment gateway which is time consuming. We`re leveraging the Ethereum blockchain technology to bring cryptocurrency transaction to small and medium businesses.
The right place
We are targeting South East Asia first – as an Asian based team and company, we know that our product is answering the local payment needs. Typically SelfPay enables the critical step of entering credit card information, to be performed on the buyer`s device, helping to build up the trust that is needed in transactions in Asia.
A unique approach
Business to business (B2B)
Meanwhile most of the projects are targeting Business to Consumer, we are also targeting Business to Business. We want to smooth up the financial transactions between Distributors, Retailers & Wholesalers, using the lower fees proposed by cryptocurrencies but also be able to help by providing credit facilities, powered by other decentralized technologies
Cross-border across S.E.A
Business to Business cross-border payments in Asia happen everyday and leave much to be desired: High fees, not working during week-ends, high local banks fees, etcâ€¦ It is slowing down the entire ecosystem in Southeast Asia
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