What is Pallapay?
Pallapay is a blockchain-based cryptocurrency payment gateway that allows merchants to accept, process, and disburse digital currency payments. Pallapay offers a comprehensive product suite that gives users access to all payment modes including net banking, credit cards, debit cards, and popular wallets.
Pallapay Crypto Payment Gateway accepts any cryptocurrency on the network. The product allows e-commerce businesses to accept payment in crypto and receive digital currency in their wallets or fiat in their accounts, depending on their preference.
Pallapay also has a cryptocurrency point of sale (POS) machine, designed to accept crypto payments in any cryptocurrency on any network. It allows easy processing of payments. The Pallapay crypto POS payment system supports the following major fiat currencies: USD, EUR, GBP, and AED.
Besides, Pallapay has a decentralized cryptocurrency wallet application that allows users to buy, sell, store, and swap any crypto on Bitcoin, Ethereum, and TRON networks. It supports crypto-to-crypto and crypto-to-fiat swaps. The wallet allows users to transfer their balance to local or international bank accounts. You can also withdraw funds at Pallapay branches.
Moreover, the project offers digital and physical payment cards that holders can use for daily expenses globally. Users can apply for Crypto MasterCard and UnionPay through the official website page and top it up with the native token, PALLA.
Lastly, Pallapay introduces a cryptocurrency exchange that allows users to trade crypto for other digital tokens or fiat. The exchange accepts credit card payments and wire transfers.
Pallapay ecosystem is fueled by the utility token Pallapay Coin (PALLA). Pallapay price is displayed on the live price chart.
Use Cases of PALLA Tokens
Pallapay crypto asset is a multi-utility token that powers the Pallapay ecosystem. PALLA fuels transactions in the Pallapay ecosystem. The token is also used to reduce the costs of transactions and payments. Moreover, it can be used to pay for goods and services at a low cost. Additionally, it provides various services, such as issuing prepaid cards.
The fluctuating PALLA price presents an opportunity for investors to buy and sell the token for a profit. The data on Pallapay price is available on the chart above.
Who Founded Pallapay?
Pallapay was founded in 2017 by Vehid Abdullahi. Vehid is a Fintech and Banking Software expert. He is also an experienced business development manager. He obtained his Master's in Computer Science from California State University, Fullerton. He has guided many companies and individuals to manage their financial operations efficiently. Besides, Vehid is also into the latest technologies in areas such as blockchain and artificial intelligence.
Tokenomics of Pallapay
Pallapay token has a maximum supply of 10 billion PALLA. The fixed supply mechanism protects the token from inflation resulting from the endless minting of digital tokens. An increase in demand for the token would drive the PALLA price up once the maximum supply is reached.
