…And alongside the new currency comes Paybase, the platform that serves as the batteries to PayCoin’s remote-controlled car. Paybase allows customers to transfer their PayCoin into bitcoin for the purchase of goods and services.
Supported by major investment backing, PayCoin claims to be user-friendly and simple enough for those brand new to the digital currency universe. With topics such as mining and staking made easy for PayCoin users, the platform is aiming to remove any fears or reservations potential customers may have towards cryptocurrency.
PayCoin is also backed by a treasury reserve of U.S. dollars. Those behind PayCoin feel this gives the platform a strong edge over its competition and offers users yet another reason to discard any bitcoin fears they might have.
As a spokesman for the organization explains:
“The developers behind PayCoin have done in depth research into the limitations and possibilities of cryptocurrency and have used that to inform their approach. Unlike their competitors, they have focused all their efforts on maximizing the positive potential while minimizing the negative drawbacks and side effects. The result is the most robust and consumer-friendly cryptocurrency to ever enter the market, and with PayBase creating a single, unified client system to control all major users for currency there is no reason it cannot take the place of existing systems like PayPal.”