PointPay is a bitcoin banking platform that has been running since 2018. The firm has over a million active users globally. Vladimir Kardapoltsev, CEO of PointPay, stated that blockchain-based banks, an exchange platform, a crypto wallet, and a payment mechanism are all part of the PointPay ecosystem.
Kardapoltsev appreciates that cryptocurrency is not tied to a certain country, so it is unaffected by the activities of that country’s government. He gave the example of how Russia’s foreign policy caused the ruble to crash through the floor, and residents were left to face the brunt of the damage. As a result, the majority of them immediately lost money in terms of other currencies. On the other hand, crypto does not belong to any one country; it is worldwide in the sense that most individuals may purchase, trade, and use it. Crypto is all about ideas and technology, and that is what most inspires us.
He added that cryptocurrencies have a significant advantage over fiat currencies since they cannot be diluted or depreciated. Bitcoin’s value is defined by its scarcity, security, and transferability. Bitcoin is being used by an increasing number of institutional investors to hedge against inflation and currency depreciation, as well as to diversify their holdings.
He explained that there are several variables that influence the value of a cryptocurrency, including rising demand, network growth, adoption, manufacturing costs, and so on.
- The digital currency’s value is affected by supply and demand. If there is a finite quantity of cryptocurrency, its popularity should drive up its price.
- As cryptocurrency gains popularity, its value might surge. If money, like present fiat currencies, is beneficial in everyday transactions, it will most likely play a key role.
- The number of network nodes and wallets associated with a cryptocurrency also reflects community support. This is especially relevant in gauging the currency’s ability to recover from a crisis.
- The price of digital assets can be influenced by government laws. Russia and China, for example, have targeted exchanges and trading activity, which has a detrimental impact on cryptocurrency values.
PointPay is thrilled to be at the forefront of the crypto banking revolution, offering the most comprehensive range of crypto banking services in-house. Our mission is to empower financial independence by providing crypto banking services that are available to everyone. As a result, we’ve created an ecosystem that comprises a blockchain-based bank, an exchange platform, a cryptocurrency wallet, and a payment system. We are also working on new solutions, such as the PointPay launch board and NFT platforms, among others.
PointPay places a high value on security. We employ automated vulnerability scanning techniques to discover threats and vulnerabilities. In addition, our organisation employs SSL to encrypt transferred data in accordance with industry security norms. Our website is also PCI DSS (Payment Card Industry Data Security Standard) compliant. This means we guarantee security against client data theft and other fraudulent activity during transaction processing.
PointPay staff is continually trying to strengthen the security of our websites. In 2021, we added 2FA via email and Google Authenticator security features to the app. PointPay is also adopting the KYC procedure on our platform to avoid financial crimes and money laundering. The company is collaborating with cybersecurity professionals, ecosystem partners, and regulators to fortify PointPay’s defences against assaults and security breaches. We are dedicated to finding innovative methods to give our platform’s users a more secure experience.