PayCoin (XPY)

What is PayCoin (XPY)?

PayCoin is a digital currency, often called a crypto-currency.

To someone who has never heard these terms before, it may sound like this is something that computer

gamers would use, or something secretive and scary that computer hackers would use, or it may just

sound made up and unreal altogether; it may sound like something that is not for you. It is real though and

even you can use it!

Simply think of it as online cash. You can exchange this money for other monies, just like you can with the

tangible bills and coins you have in your wallet now. You can exchange the Euro for US Dollars for Yen. And

you can exchange PayCoin for other digital coins and at (the cash that you are accustomed to).

With PayCoin, you can send money to anyone, anywhere, anytime. Whether you’re a person or a business,

sending and receiving PayCoin is easy and fast. Unlike wire transfers, there are almost no fees to send

PayCoin. Unlike banks and other digital currencies, there are no long waits for PayCoin transactions, and

there are no chargebacks. Imagine being able to instantly send money across the globe to family members

in need without the large fees typically associated with international transfers. This is one of the major

benefits of using PayCoin.

You can spend PayCoin as well through merchants that accept PayCoin as a payment method for their

goods and services. Purchasing and paying online is now common practice, so this may not seem signifi-

cant, but know, there is a difference. There are also benefits to spending PayCoin instead of using a credit

card or bank drafts online. Due to the way that PayCoin works, the fees that are traditionally incurred with

banking and credit cards are dramatically reduced, and that’s not all, you’re also receiving up to 5%

compound interest per year on your balance. This is why PayCoin is called, “the people’s money”. It is giving

control back to the people, instead of finance systems.

What does XPY mean? Just as at currencies around the world have codes, companies have letter codes for

the stock exchanges and airports have three letter codes when you book a ight, digital currencies have

exchange codes too. US dollars are USD and PayCoin is XPY.

Why use Paycoin and not everyday currencies I use now? There are many reasons to use PayCoin over

traditional currencies.Transfer of funds are very fast and easily traceable with very low fees when

compared to the banking system. Transfers across international boundaries suer no exchange rate depletion.

There is also an easy and fast process to convert PayCoin to traditional currencies via an exchange and

straight into a bank account. So whether you are a business owner or an avid shopaholic or somewhere in

between it’s time to get involved in this forward thinking digital currency!

What is the blockchain? When people talk about PayCoin and some other digital currencies, they reference

something called the blockchain. The blockchain is a continuously updated system in place with all

crypto-currencies that serves as a comprehensive public ledger for all of the transactions performed within

a network. Here’s why this matters to you; the public ledger gives transparency and a wealth of information

to you. All transactions are there, which brings safety, security, and peace of mind to you because nothing

can be hidden or forged.

What is a wallet? Just like you have a wallet for the bills, coins, and credit cards you carry, you will have a

wallet for the digital currency you have; it’ll just be on your computer instead of in your pocket or purse.

A wallet provides location and ownership of PayCoin addresses. Using these addresses, you can send and receive PayCoin

through your personal digital wallet. There are dierent wallet-types to suit you. Just like with the money

you are accustomed to now, you can choose where to keep your PayCoin. You can keep it at home or carry

it with you. You just have to nd the right t for you.

Software Wallets Software Wallets are installed on your computer. They give you complete control over

your wallet with the responsibility to backup and protect your PayCoin on you. Recommended Software

Wallet: www.paycoin.com (PayCoin QT)

Mobile Wallets Mobile Wallets store PayCoins on your mobile device, enabling simple person-to-person

exchange and the option to pay-in-store via QR code scanning or “tap & pay”.

source: https://paycoin.com/downloads/paycoindoc.pdf

PayCoin (XPY)