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Milestones Selfpay

Connecting traditional payments & cryptocurrency

Believing that the main problem for sellers and merchants to accept a cryptocurrency is both change resistance as well as core technology issues, we are proposing an innovative mixed solution with a clear update path to bring sellers to accept any cryptocurrency, anywhere, anytime. Giving crypto reward for each transaction help to demystify the crypto currencies across merchants and give them a real incentive to use our solution. Our Point of Sale can accept both credit cards and cryptocurrencies.

1.1
2 1 expert rating
Benchy 1.0
KYC
Experts
1.0
3.0
3.0
Review: coming soon PRO
Unknown
Token
SxP
Type
Price
1 SxP = 1.01493 USD
Platform
Accepting
ETH
Soft cap
1,250 ETH
Hard cap
25,000 ETH
Country
Whitelist/KYC
KYC & Whitelist
Restricted areas
USA, China
Report

Milestones

1
2016: SELFPAY IS BORN

After 2 man years of development, the first alpha version of SelfPay was released in mid-2016.

This version was then iterated upon to work as a payment aggregator, and by the end of 2016, the new version was released incorporating aggregation functionalities and a new design. The release laid the groundwork enabling the product to work as a SasS (Software as a Service) to accept payments via different payment gateways.

This version of SelfPay was alpha tested in two Southeast Asian countries using Omise (creator of the OMG token) and CyberSource (the parent organisation of VISA) as payment gateways.

2
Q1 2017: SELFPAY BEGINS BETA TESTING

Building on top of the existing product, version 2.0 of SelfPay begun a period of beta testing with a few selected trusted testing users.

The payment aggregator functionalities became validated. Sellers could man age their own payments both offline and online with self-managed payment gateway keys and their own contracts with their preferred payment gateways.

During that time, while the team was investigating new ways of funding SelfPay to maintain its growth, the ICO project began.

During Q3 2017, the ICO project was officially launched.

3
Q2 2018: OFFICIAL PRODUCT RELEASE

Funds raised during the ICO are used to market the product across Southeast Asia.
- Ether cash back and SxP retribution process are added to the application.
- The SxP token is added to major cryptocurrency exchanges.
- Sales teams are set up to market the product in Southeast Asia.

4
Q3 2018: EXPAND CUSTOMER BASE

- Customers are able to pay using bank accounts as well as credit cards (bank to bank payments).
- Customers are able to pay using Alipay, representing 450 million potential Chinese customers.
- The inventory used by each seller is used to create a marketplace, enabling offline sellers using our solution to have a new eCommerce channel provided for free.
- Integrate SelfPay with remaining eCommerce platforms and shopping cart services (e.g. WordPress, PrestaShop, Magento, Wix, Weebly, Shopify).

5
Q4 2018: INTEGRATING THE BLOCKCHAIN

We offer the possibility to each seller to exchange their blockchain assets seamlessly from one user to another in a decentralized manner, removing any risks that is usually associated with current centralized solutions.

Each seller will be able to send transactions between each other using the SelfPay system, thus providing a B2B solution.

Crypto rewards can be received in any major cryptocurrency and ERC20 tokens, enabling sellers to manage a multi-cryptocurrency wallet of rewards.

Since fees are taken from the token transacted in, the most popular tokens used accumulate to the distribution contract, helping the value backing SxP tokens.

6
Q1 2019: SETUP SELFPAY EXCHANGE

Any seller can be paid directly in any cryptocurrency, achieving the original target to bring cryptocurrencies seamlessly to any seller.

Internal exchanges setup to optimize the cross-sell between the crypto rewards given to sellers and the rewards withdrawn by the merchants. Local exchanges are still being used to provide liquidity when needed.

The product is then being consolidated to integrate other Web 3.0 functionnalities coming from other blockchain projects including OMG, OpenBazaar and weTrust.

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ICO KYC Report
2 members invited
Julien Chalté
Passed
Raphaël Tant
Passed
KYC procedure verifies selected/specific team members only. It does not guarantee ICO success nor is a call for investment.
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