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Meet @Pay, The First BNPL Platform Integrating Blockchain Technology and Crypto -Breaking

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Meet @Pay, the First BNPL Platform to Integrate Blockchain Technology and Cryptocurrency
  • @Pay opens up a new market for blockchain technology.
  • It’s the first BNPL platform decentralized to ensure buying power, regardless of status.
  • @Pay provides security, transparency, and rewards for prompt repayments.

Technologists and vision-oriented people are always looking for solutions to problems in a rapidly changing world. Technology is solving more and more of the world’s problems every day, thanks to the rapidly growing blockchain ecosystem.

The credit card system was created to make it easy to purchase our necessities without the need to save for money. It was designed to provide a way for consumers to pay off their debts and use the money immediately.

The high interest rates make it nearly impossible for ordinary shoppers to get these credit cards. Additional, banks offer cards only to their existing customers. As a result, fintech created buy-now-pay later products and services. A DeFi-based ecommerce platform @Pay has a new purpose for this credit product.

@Pay Integrates Blockchain Into BNPL

Most importantly, @Pay, a DeFi BNPL payment option for consumers in all areas, including online and offline markets, shoppers and retailers, is noteworthy.

It comes at a time when cryptocurrency and blockchain technology are still in the spotlight and when many people seem to be interested in crypto tech. @Pay is a true bridge between decentralized and traditional finance, as it provides consumers with buying power regardless of their social status.

@Pay: Bridging The Gap between Traditional and Decentralized Finance

The protocol uses blockchain technology to provide instantaneous purchasing power for its users. There are no third-party payment processors or hidden fees, and there is no late-payment fee. Trust, security, transparency and rewards are all provided for timely repayment. The credit limit is $250. Users can also make purchases directly from online stores to repay their credit in three months. Repay loyalty by obtaining @Pay tokens for users who quickly repay their BNPL credit loan. This token is also available as payment for partner merchant sites.

At the moment, @Pay tokens serve as the native tokens for the platform. They offer a range of benefits, so they are worth holding. These tokens can be used to increase their payment limit or to participate in the governance of the platform. The more tokens a user has, the higher their credit limit.

Furthermore, to ensure security and facilitate easy crypto-fiat conversions whenever required, @Pay integrates Chainlink’s Oracle (NYSE:) Network into its operations. As well, merchants can integrate @Pay’s crypto-fiat feature into their payment system. As the industry booms in the future, @Pay aims at being the leading payment solution for innovative BNPL service providers.

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