In the age of digitization, the mantra of decentralized finance has picked up pace. The world is eyeing on witnessing the biggest transformation of money from card to now digital assets. Backed with the blockchain technology, PointPay aims to offer the easiest and simplest form of money transfer from one corner of the world to another.
PointPay allows its users to send money with the help of entering only mobile phone number in place of encrypted private keys. This feature is available on PointPay via its crypto wallet. The project has already implemented the idea of using email-address in place of private keys, Now the use of mobile phone would allow regulators to keep a tab on the end users and to make it simple and easy to remember for users. Initially, the feature was offered only in web based wallet but now the management boasts its professionalism and expertise by offering the same option into mobile application too.
The use of mobile phone number makes it handy for end users to transfer their digital assets. It also provides reality to the dream of “money on the go”. Acceptance rate of mobile application due to user-friendliness and simplicity is expected to rise thereby reducing any chances of money laundering and misuse of blockchain technology.
PointPay promises a world of true decentralization where ownership of funds remains in the hands of its users. The crypto based wallet caters to the needs of its users and makes it simple for less tech-savvy people hence promoting blockchain technology to numerous retail and institutional clients.