SelfPay allows merchants to accept cryptocurrency payments using the same Pint of Sale of a credit card.
Pre-Sale October 3 to November 3
Interview with SelfPay
BitcoinChaser: What kind of problem, market deficiency or opportunity inspired you to launch your project, and how will your project address this?
SelfPay: Being in Asia for a long time, we realized that there was a lack of trust in payments by cards, and also that many sellers did not accept card payments. We wanted a solution that helped people feel safe when they paid by cards, and empower sellers to be able to accept card payments and expand their business opportunities.
BitcoinChaser: How will your project address this problem, market deficiency or opportunity in a unique way?
SelfPay: SelfPay is a payment aggregator where the critical step of entering payment information happens on the buyer’s terminal. Buyers are more likely to trust that their own phone is secure and happy that they do not have to enter their personal information in a stranger’s terminal. For the sellers, all they need is their own phone and they receive payments in real time without having to pay high fees to banks and/or rent credit card terminals.
BitcoinChaser: How do you think that competition will develop following your ICO?
SelfPay: We have seen some movements on the market from competitors but the issue is often the same, their payment solutions require either a long time to be registered, or a long time to receive payments. SelfPay takes less than 5 minutes to be registered, and payments are in real time, so we believe we are one step ahead in this segment of the market.
BitcoinChaser: For all those who have read your white paper and are still on the fence about contributing to your ICO, what can you tell them that could lead them to buy into your project?
SelfPay: While we see numerous ICOs that are more or less promising, the vast majority of them rely on a concept or an idea and are trying to raise funds to develop this idea. SelfPay is an existing product, that has been beta tested and that works. For us, it’s the guarantee that our project is solid and based on facts, rather than just a concept that could end up being impossible to achieve.