A DEFI commerce solution for consumers and merchants

Whitepaper

What is @pay?

@Pay is a DEFI (Decentralized Finance) protocol that is the first BNPL (Buy Now Pay Later) platform built integrating blockchain technology with its own cryptocurrency. @Pay will offer significant cost savings to all participants in the ecosystem by utilising smart contract technology and blockchains. @Pay aims to be a key participant offering DEFI e-commerce and in store solutions to shoppers and merchants.

@Pay will also allow users to pay for their shopping with any approved cryptocurrency that they hold in their @Pay wallet. Shoppers will be rewarded through a program that is built on allowing all contributors to the ecosystem to benefit.

@Pay is powered by the @Pay token which will be used as a mechanism through which the protocol is governed. A broad distribution across the entire ecosystem including users, merchants and marketplaces will ensure that all participation is rewarded.

@Pay users pay no interest and no late fees ever.

01.

Stake

Stake an approved stable coin and earn a yield over the selected term.

Staking your approved stable coin means you also receive @Pay governance tokens as an added bonus. Users will be able to hold, transfer and stake their crypto holdings through the integrated wallet in the @Pay app.

Stake your @Pay tokens and receive more bonuses.
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02.

Shop

@Pay gives approved users the ability to purchase online or in store from merchants on our platform.

At the checkout users will have the option of paying with either the @Pay BNPL payment solution (for approved users) or they can use any of the approved crypto assets they hold in their digital wallets.

Users who use the BNPL solution repay the purchase in four equal instalments over 3 months. Repayments can be made with approved crypto coins or direct debits made from their debit or credit cards.

Once the instalments have been completed the user will receive a reward in the form of @Pay tokens.

Buyers can also shop for their products with any of their approved crypto assets.

Users can use the @Pay tokens earned to access higher purchasing limits or to vote on proposals that will continue to shape the direction of the protocol into the future. @Pay tokens can also be used to shop in merchant stores.
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03.

Merchants

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01.
Governance Token
Merchant partners will receive an allocation of @Pay Governance tokens which they can use to vote on initiatives that will shape the future of the protocol.
02.
Incentivised Shoppers
Merchants may also use their allocation of @Pay Governance tokens to incentivise shoppers through promotions and marketing.
03.
eCommerce Solution
@Pay gives merchants the opportunity to access the currently USD$2.2 trillion and growing currency class. Taking shopping solutions into the digital future.
04.
Removes Credit Risk
Remove credit risk. Merchant makes the sale and is paid in full instantly - we take care of the rest.
04.

Wallet

@Pay will also allow users to pay for their shopping with any approved cryptocurrency that they hold in their @Pay wallet. Shoppers will be rewarded through a program that is built on allowing all contributors to the ecosystem to benefit.
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Questions? Get in touch with us.

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