Fintech disruptor @PAY announces MEXC & Raydium token listing along with mobile app beta

by James · September 12, 2022

It aims to be the number one DeFi payments and ‘buy now, pay later’ solution for shoppers, gamers, merchants and web3 businesses.

Fintech disruptor @Pay has announced its listing of its token ATPAY on MEXC and Raydium this Monday at 10 UTC. The app will start rolling out to sellers and customers in the fourth quarter of 2022. @Pay is a DEFI (Decentralized Finance) protocol that is the first BNPL (Buy Now Pay Later) platform built to integrate blockchain technology with its own cryptocurrency. @Pay is one of the largest projects in the DeFi space that aims to power millions of real-world transactions while taking on the multi-trillion dollar payments industry.

About the ATPAY Token

The @Pay token (ATPAY) is a Solana (SPL) based asset. The SPL token framework will allow a fast, scalable and efficient structure for the distribution, support and functionality of the native token.

The @Pay token is the token that powers the integrated @Pay rewards program available to all users who complete their repayments on time. The @Pay token can be used in a variety of ways, such as buying into a higher credit limit, being used as currency to purchase products and services from @Pay sellers on the @Pay marketplace and over time being able to vote on certain outcomes that may shape the result of the @Pay platform.

The recording will start 12 September 2022 at 10:00 UTC on MEXC
Total token supply 300 million
Circulating supply 100 million with the majority held by @Pay and subject to lock-ups. with the majority owned by @Pay and subject to lock-ups.

From the distribution date, ATPAY token holders with 200,000 or more tokens will be locked. These tokens will be unlocked annually according to the following schedule:

10% of the total @Pay tokens held by an owner will be unlocked on December 31, 2022.
10% of the total @pay tokens held by an owner will be unlocked on December 31, 2023.
40% of the total @pay tokens held by an owner will be unlocked on December 31, 2024.
The remaining balance of the total @pay tokens held by an owner will be unlocked on December 31, 2025.

About the project

@Pay aims to become a first-of-its-kind platform for BNPL solutions, combining three emerging markets; Buy now, pay later (BNPL), crypto and traditional currencies, and blockchain and smart contracts.

@Pay takes on the global payments and BNPL industry estimated to reach 233 billion by 2025* (consensus.gov). Even if it only takes 1% market share; annual turnover can reach 2.3 billion dollars. There are hundreds and thousands of transactions powered by @Pay’s blockchain technology.

@Pay aims to be a key player in providing decentralized finance (DeFi) e-commerce and retail solutions to customers and merchants. @Pay will also allow users to pay for their shopping with any traditional currency (fiat) or approved cryptocurrency they have in their wallet. Shoppers and sellers will be rewarded with tokens for all transactions and refunds. This places @Pay in the unique position of becoming the premier BNPL solution for gaming platforms, esports, NFT marketplaces, Web 3 businesses, while targeting traditional BNPL merchants.

@Pay has also already registered over 500 affiliate merchants. This includes major retailers such as adidas, Calvin Klein, JD Sports, North Face, Dior, F1, Fanatics, Coach, GAP and Lacoste among others. This is in addition to industry partnerships such as MetaRun, Fomolabs, Algorand, Solana and more. Other key partnerships in the works include Binance Pay and global soccer clubs.

Furthermore, @Pay has developed its own APs that allow @Pay to easily integrate into merchant payment gateways and give it access to thousands and thousands of merchants worldwide.

Here’s a summary of what users can expect from this unique ecosystem that stands out from its competitors:

Pay with cash or crypto
Buy now – Pay back in 4 installments
No interest or late fees
Earn rewards for completing repayments on time
Earn rewards in crypto
effort

The @Pay protocol and app will monetize in 4 key ways:

Merchant Fees for BNPL – a merchant pays @Pay 4-8% of each transaction when a buyer chooses to purchase an item or service using the BNPL feature.
Affiliate Merchant Payments. @Pay receives 5-10% of the transaction amount for driving customer traffic.
Monthly account maintenance fee of $8 is payable by anyone who has outstanding repayments from using the BNPL feature.
Crypto Pay transaction fee – 1% fee of the transaction amount.

All this is made possible by launching and increasing the use of our app. The app will start rolling out to sellers and customers in the fourth quarter of 2022. A single app for buyers and merchants to manage all their crypto and cash payments seamlessly. Switching between cash and crypto is as easy and fast as changing the channel on the TV. It’s some @Pay magic.

Alongside the app launch, @Pay business will be launched in October; unlocks the ability for businesses across Australia and overseas to be able to accept cash payments in store and have them converted to crypto instantly. @Pay business will be great for professionals (doctors, lawyers, accountants, beauticians, craftsmen, etc.).

We will then roll out crypto-BNPL late this year, followed by a virtual card early next year. Jump into this exciting project early! Get MEXC and buy now

Media inquiries

Josh Peacock CMO – [email protected]

Find @pay at

@pay Linktree: https://linktr.ee/atpay

Follow MEXC

MEXC Linkree:

This is a paid press release. Cointelegraph does not endorse and is not responsible or liable for any content, accuracy, quality, advertising, products or other material on this site. Readers should do their own research before taking any action related to the Company. Cointelegraph is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on content, goods or services mentioned in the press release.