Hey guys! Happy to connect today and learn more about BNBPay! Can you tell us more about the founding of BNBPay and what the problem is that you were addressing?
Thank for you having me. My name is James and I am the co-founder of BNBPAY- we are a crypto project aimed at becoming the most widely adopted crypto payment gateway for web3 commerce.
Could you please give us a rundown of the most important things about BNBPay?
Born on the BSC, BNBPay incorporates the ERC-1363 protocol to enable users to pay expenses using $BPAY and other crypto tokens.
Vision: Trustless, immutable, and efficient are our core principles to build the payment industry’s decentralized digital economy. Our mission is to sculpt the future of cryptocurrency payments and to change the way we conduct cryptocurrency payments. BNBPay strives to become the most widely used crypto payment for commerce. (Both eCommerce and brick and mortar shops). Transaction confirmation in each payment will be ready in less than 5 seconds which makes it well-suitable for any in-store purchase.
BNBPAY PAYMENT ECOSYSTEM
•BNBPay offers a full-scale solution for crypto payment, from the customer’s Wallet to the merchant instantaneously. Why wait for confirmations or deal with the headache of failed transactions?
• BNBPay POS payment terminal will give merchants the option to receive any crypto, stable coin or fiat seamlessly so they can avoid any volatility risk.
• BNBPay e-commerce allows for easy integration with online retailers and subscription-based services.
• BNBPay reward system allows customers to pay using $BPAY, as well as earn via staking through our BNBPay wallet.
• $BPAY is just the beginning, the entire crypto ecosystem is the future.
So going forth into 2021 and beyond, how will BNBPay make an impact in the crypto space, or on the world?
Behind the BNBPay project are a group of payment specialists and crypto pioneers with decades of combined experience in the payment and retail POS & commerce industries.
So we have the technical and business know-how to scale BNBPAY as a business, through strategic partnerships, user-centric products and existing networks to bring crypto payments to millions of merchants around the world.
BNBPay POS payment terminal will give merchants the option to receive any crypto, stable coin or over 150 fiat seamlessly so they can avoid any volatility risk.
Now, could you tell us about BNBPay’s accomplishments so far, and in the history of the project, please tell us what you are most proud of.
- We have come a long way in just under 4 months since inception.
- Our holder wallets grew organically to almost 50,000 holders.
- Our market cap went from under 1 million to almost 450m at its peak.
- We are scheduled to launch our BNBPAY mobile app, BNBPAY e-commerce plugins, Point of Sales, and Staking rewards platforms towards the end of this quarter.
- We started the process of applying for a payment license with the MAS (Monetary Authority of Singapore).
- We have recently signed a MOU with Kee Song Biotech to become their exclusive crypto payment partner.
- The next 12 months will be huge for BNBPAY as we look to accelerate growth in merchant and user adoption!
Now, give us a quick rundown of the future of BNBPay. For example, what new things are you seeking to bring to life and what will it mean for the overall project?
The product is everything for us. Our development team is separated into product development for the customers and product development for merchants.
For the customers the user experience is everything — an intuitive and visually stunning UIUX experience will go a long way to increasing user adoption and retention.
For the merchant, it’s all about seamless integration with their existing business payment flow. We need to make crypto payments fast, affordable, and compatible with their existing accounting, bookkeeping software.
Tell us about your team. Who’re the people behind the screens?
CEO Zave Huang: A spirited entrepreneur who has built many businesses, with 5+ in merchant payments. Zave is responsible for guiding the company towards its vision, establishing key strategic partnerships, and acquire funding.
CTO Teason Phang: Built multiple tech businesses including 2 in merchant payments. Teason is responsible for BNBPAY’s product development and R&D.
CCO (Chief crypto officer) James Zhang: Finance entrepreneur with a love for everything crypto. James is responsible for the token side of the business, from token marketing and community to crypto related partnerships.
Which partnerships have BNBPay engaged so far, and which ones are the most impactful?
We have recently signed a MOU with Kee Song Biotech to become their exclusive crypto payment partner.
Kee Song Group is a public listed company in Taiwan and is one of the largest poultry producer in South East Asia with revenue of over $100m USD per annum.
We are in talks of a few more large companies and plan strike more strategic partnerships in the next 12 months.
Now on a more technical side of things, what are the coin metrics for BPAY, and how do these lead to a stable and balanced system?
Tokenomics is 10% BPAY rewards, 10% Dev and 5% marketing.
We have already burnt 20+% of supply.
We have been very careful with price stability up till now and have not yet drawn down any of the dev or marketing wallet and likely never will.
We instead rely on the trading tax of 10% for company expenses.
The 10% trading tax is there to reward early investors with reflection and prevent front-running bots (5% reflection, 3% dev/marketing, and 2% auto buyback).
Our Pancake LP is locked until 2026 and we have just listed on your first exchange BitMart 4/11/21.
If people would like to follow BNBPay on your social media pages, visit your website or read your important documents like your white paper, what are the links they need to visit? Please list them below.
BNBPAY Dapp: app.bnbpay.io
Merchant website: merchant.bnbpay.io
BNBPAY crypto wallet demo: https://youtu.be/q9ecjhtSklA
Woo-commerce plugin: vamos.bnbpay.io
OpenCart plugin: buca.bnbpay.io
Thank you so much for your time!