PayCoin is a global currency that lets you send money to anyone, anywhere, anytime. Sending and accepting money is totally free, lightning fast and insanely easy - whether you’re a person or a business.
PayCoin uses a new Hybrid Flex Blockchain technique that regularly validates, compresses, and archives old transaction data to creates near-instant transaction times with a light, efficient, and extremely secure blockchain. PayCoin doesn’t fight existing infrastructure – it works with it. PayCoin is specifically built to work with legacy credit card hardware with merchants who accept it.
PayCoin is backed by a fiat-based reserve of USD that shields early adopters from risk and increases acceptance by large institutions. PayCoin’s ICO launches the world’s first Coin Adoption Fund – a fund whose sole mandate is to grow the cryptocurrency by spreading adoption world-wide. PayCoin launches with more merchant acceptance than any other cryptocurrency in history. The PayCoin network distributes low-cost hashpower to individual miners, supplied by PayCoin’s CAF.