Home » aBey announces its new crypto-friendly payment system, aPay

aBey announces its new crypto-friendly payment system, aPay

Ali Raza
  • November 16th 2019, 14:10
  • Last Updated: November 16th 2019, 14:11
  • BlockShow Asia 2019 has brought numerous discussions, announcements, and revelations, one of which was a new crypto payment system, aPay.
  • aPay was developed by aBey Foundation, whose co-founder, Dr. Ciprian Pungila, used this opportunity to announce it.
  • The payment system will support high-speed transactions, and it will provide users with a Mastercard, VISA, or UnionPay credit card that can be used for paying with crypto.

A new crypto-friendly payment system was just announced by Dr. Ciprian Pungila, the co-founder of aBey Foundation. The new payment system is called aPay, and it will allow crypto users to make daily payments though credit card integrations.

Dr. Pungila made the announcement during BlockShow Asia 2019, stating that aPay allows users to send their coins to the platform, which will allow them to choose from three different credit cards. The cards operate with Visa, UnionPay, and Mastercard. After choosing one, users will be able to make delay payments with it at any location that accepts their chosen card.

About aPay

The new payment system is blockchain-based, and it was developed by the aBey Foundation. It features a fast blockchain, with a new architecture and high-performance capabilities. As a result, it has significantly faster transactions. In fact, Pungila claims that the system is designed to be among the most flexible and fastest ones in the world.

Furthermore, Pungila also revealed that the system currently supports a number of cryptocurrencies, including Bitcoin, Ethereum, XRP, Bitcoin Cash, Litecoin, EOS, Zcash, Dash, Ethereum Classic, as well as its own, native cryptocurrency.

He also pointed out that this is not a type of card that will only work with merchants who accept cryptos. Instead, it can be used anywhere in the world, as long as the merchant supports the user’s credit card. aPay will do everything else, quickly and easily converting the crypto payment into fiat currency, and then depositing it to the merchant’s account.

Pungila also went on to say that blockchain technology’s impact on the financial sector remains unclear at this time. However, there is no doubt that it will bring major changes to the financial industry, as well as to the technological landscape.

Of course, he is aware that both landscapes have already been changed by blockchain. However, he expects that a lot more will come in the following years, as the development of this technology continues.

About the author

Avatar
Ali Raza
A journalist, with experience in web journalism and marketing. Ali holds a master's degree in finance and enjoys writing about cryptocurrencies and fintech. Ali’s work has been published on a number of cryptocurrency publications.

Leave a Reply

Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence. This website is free for you to use but we may receive commission from the companies we feature on this site. Click here for more information.