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Overview of Paypex
At the basic level, Paypex is geared towards reducing cost of money transfer and providing an instant sending or receiving of cross-border payments. This is possible because Paypex connects different stake holders in the process protecting revenues and fraud, boost sales and overly reduce costs of payment.
Simply put, this platform is a payment gate way shop-owners, ecommerce businesses and individuals can use when making online digital payments via the Ethereum blockchain. In a nutshell, Paypex has this nice integration that enhances customer experience, improves management and reporting.
This is possible because Paypex transactions are instantaneous when executed straight from Paypex wallet and the good thing about it is that there are no transaction fees. Paypex tokens (PAYX) is a bridge between Paypex wallet and Fiat money and PAYX tokens can be stored at My Ether Wallet.
Paypex uses the Ethereum blockchain consensus Proof-of-Work (PoW) with an aggregated supply of 150 million PAYXs and a circulating supply of 68.4 million PAYXs.