Project Rundown Interview with BNBPay -Breaking
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BNBPay Interview on Project RundownHello guys. James Zhang, co-founder of BNBPay is available to discuss what BNBPay has to offer the rest of us.
Q. Q. We would be grateful if you could tell us more about BNBPay.
We are grateful to you. BNBPay is an open-source crypto payment system that aims at being the best for web3 commerce.
Q. Could you give us a quick overview of BNBPay?
BNBPay, which was created on Binance Smart Chain, incorporated ERC-1363 protocol. This allows users to pay expenses with $BPAY or other crypto tokens. BNBPay is a platform that allows crypto payments to be made anonymously, securely, and efficiently.
The company’s mission is to sculpt the future of crypto payments and change how people conduct those payments. BNBPay’s goal is to be the best-used crypto payment both for traditional brick-and mortar shops and e-commerce. BNBPay is well-suited to any in-store purchase because the transaction confirmation takes less than five seconds.
BNBPay offers a whole gamut of solutions for crypto payment, starting from the customer’s wallet to the merchant instantaneously. There’s no need to wait for confirmations or deal with the headache of failed transactions. Merchants will have the ability to receive cryptocurrency, fiat or stablecoin seamlessly through BNBPay Point of Sale. This eliminates volatility risks.
BNBPay’s e-commerce platform allows easy integration with subscription-based online services as well as retailers. Customers can use $BPAY to purchase goods or services and also earn passive income through the BNBPay wallet. This is just the beginning of the crypto ecosystem.
Q. Q.
BNBPay’s team is made up of cryptocurrency pioneers and payment specialists who have years of experience working in both the commerce and retail POS industries.
We have both the business and technical knowledge to grow the business of BNBPay through strategic partnerships and user-centric products. This will allow us to make crypto payments available to thousands of merchants around the world.
BNBPay POS Payment Terminal will allow merchants to instantly receive all crypto, stablecoin and more than 150 fiat currencies. It is designed to help them avoid volatility risk.
Q. Q.
Since BNBPay’s inception, we have come a long way in less than four months; our holder wallets have organically increased in number to nearly 50,000 holders.
At its peak, our market capitalization grew from less than one million to almost 450m. BNBPay will launch its mobile app, BNBPay Point of Sales and BNBPay eCommerce plugins by the close of this quarter. We are also in the process of applying with the Monetary Authority of Singapore to obtain a payment license. A Memorandum of Understanding was also signed with Kee Song Biotech, which will be Kee Song’s exclusive partner in cryptocurrency payments.
BNBPAY is very excited to announce our newest merchant onboard https://t.co/cDuAc0F642 who will partner /w us as their exclusive crypto payment provider!
It was founded in 1987. KeeSong Group was founded in 1987. It has grown to be Asia’s largest poultry producer, with a revenue of over $100 millions USD. pic.twitter.com/IhVWw4gFX3
— BNBPay (@BnbPay) October 27, 2021
BNBPay’s next twelve months are crucial as we accelerate merchant adoption and increase user adoption.
Q. Q. Is your team developing new features? How does it impact BNBPay overall?
Our product is everything. We have two distinct development teams: one that focuses on the customer and another on merchants.
Customers are influenced by the user experience. A user-friendly and visually striking UI/UX will help increase BNBPay’s adoption and retention.
Merchants are focused on seamless integration of their business payments flow. Our goal is to enable crypto payments that are quick and affordable and integrate with existing bookkeeping and accounting software.
Q. Q. Tell us more about your leadership team. Who is the leadership team behind this project?
Zave Huang, the CEO of Zave Business Solutions is an entrepreneur with a passion for entrepreneurship. He has more than 5 years experience in merchant payment processing and many other businesses. Zave Huang is responsible for leading the company to its goals, creating key strategic alliances, and raising funding.
Teason Phang, CTO has founded several technology businesses including two merchant payment companies. Teason bears the responsibility for BNBPay’s product development and R&D. And last but not least, I’m the CCO (Chief Crypto Officer) James Zhang, a finance entrepreneur with a love for all things crypto. The token aspect of our business includes token marketing, community and crypto-related partnerships.
Q. Q.
To become Kee Song Biotech’s exclusive cryptocurrency payment partner, we have just signed an agreement with them.
Kee Song Group in Taiwan is listed and is one the biggest poultry producers in Southeast Asia. The company has a turnover of over $100 million per year. In the coming 12 months, we will be negotiating with several more companies.
Q. What are the technical metrics of $BPAY? How do they guarantee a balanced and stable system?
Tokenomics offers 10% $BPAY Rewards, 10% Development and 5% Marketing. Already, we have used 20+% of the supply. Since then, we have been very cautious about price stability and haven’t drawn any dev or marketing funds. For company expenses, however, we use the 10% trading tax.
A 10% trading tax is a reward for early investors who reflect and discourage front-running bots. It includes 5% reflection, 33% development/marketing and 2% autobuyback. We listed our Pancake LP on BitMart’s first exchange on November 4th.
Q. What are BNBPay’s social media handles? What other places can you find information about this project?
Website| Lintree| BNBPAY Dapp| Merchant website| BNBPAY crypto wallet demo| Woo-commerce plugin| OpenCart plugin.
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