PayFbit has launched a suite of payment products including a wallet, P2P exchange, cryptocurrency exchange, and smart cards, involving the use of cryptocurrency.

These products have been developed using blockchain technology.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

PayFbit users can use the wallet to store, send, and receive crypto and fiat assets.

The PayFbit P2P Exchange can be used for peer-to-peer trading of digital assets.

Similarly, the PayFbit cryptocurrency exchange platform can be used to trade top cryptocurrencies.

Lastly, the smart card is clubbed with the wallet, allowing users to settle cryptocurrency payments.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

These products will work side-by-side to give users a unified blockchain-based payment experience.

PayFbit has launched an ICO to support the ecosystem’s development. The five-month program started this month and will run until December 2020.

At the beginning of the program, the company will offer its PayFbit Token (PFBT) at as low as $0.10.

This token can be bought with Bitcoin, Ethereum, Tether, Litecoin, and Dash cryptocurrencies.

The token price will rise incrementally as the ICO event progresses.

Moreover, PayFbit introduced a bounty program and a referral program, alongside the ICO event.

These activities are said to help users engage with PayFbit’s platform and earn rewards.

In a press release, PayFbit said: “Cryptocurrency usage is picking up pace in recent times.

“Factors, such as decentralization, negligible transaction fees, and interoperability, are some of the many factors driving this trend.

“However, the technology behind these decentralized assets is complex and confusing.

“PayFbit understands this disconnect in the market and has developed products tailored to offer simplicity and convenience to the user.”