What is SGPay?
SGPay is an ICO project that combines fiat and virtual currencies into one seamless wallet experience. The service is one simple platform that allows users to complete a myriad of tasks. Users can use a wide array of the SGPay’s services, buy and sell cryptocurrencies, and make e-payments using their credit cards.
SGPay combines its token and platform to do virtually everything – from your debit and credit card payments to fiat and crypto e-wallets – in the same location.
The biggest advantage of SGPay is the ability to manage and conduct all of your daily transactions using one app. SGPay makes it easier for users to manage their multiple cryptocurrencies no matter your location and give you the ability trade on the platform itself.
- Crypto Transactions: Local e-wallet that supports the most cryptocurrencies.
- Online Mall: SGPay will work with their merchant partners to include them in their ecosystem.
- Large Partnerships: SGPay will be working with industry leaders from all verticals to provide the best options for their customers.
- Stored Balance: Easily send fiat money to other users.
- Card Payments: You automatically earn reward points when using their platform.
What is SGPay’s Solution?
The current problem with the E-payments industry is due to a few mechanical flaws in its system. First, people are unable to send money to other users quickly. On average, it could take up to 3 days to send payments using traditional platforms.
Second, E-payments can increase the fees at an extremely high rate. On some occasions, companies will charge up to 10% for each transaction. This can lead to some users becoming frustrated with the platform and seeking for better alternatives.
SGPay’s solution is to create a platform where users can buy and sell cryptocurrencies without having to wait for the long processing times.
And, SGPay gives users better diversity and choice for payments in Asia and Singapore. This reduces the chance of any e-wallet obtaining a monopoly power and setting unfavorable terms on users.
Lastly, SGPay will allow the use of cryptocurrency to conduct regional payments. Doing so will appeal to the users that already know how to use e-payment apps. Now that cryptocurrencies are supported and promoted on popular apps, it will increase the overall usage.
Token Sale Information
- Seamless Management: SGPay allows users to manage both fiat and cryptocurrency in one simple platform.
- Faster Processing Times: Transactions done on SGPay’s platform is instant and require a little fee to complete.
- QR Code Payments: This feature makes it easier for everyone to use SGPay and send payments the easy way.
- Direct Competition: While SGPay is an innovative platform, there is already high competition in the E-payments field.