What is PaymentBox

What is PaymentBox

PaymentBox is a decentralized blockchain-backed Secure Payments Platform that provides a simple way for online purchases. No more entering a credit or a debit card during checkout. The purchase is validated on the corresponding mobile app: either on your own mobile device or delegate the payment request to someone else's. All transactions are verified to ensure security, accountability and convenience.

Problem

Problem

Get a really cool solution for your payment services

  • Difficult for merchants to accept cryptocurrency without a large investment Require finding a provider and processor, and then integrating it all into their accounting systems

  • Exchange rate risk

  • Difficult to help pay for other people’s purchase without giving up own financial information

Solution

Solution

Cryptocurrency Payment

PaymentBox bridges the gap between merchants and consumers who leverages cryptocurrencies. The solution focuses on making the cryptocurrencies more accessible and available at local physical stores or online store. Merchants are not required to make any changes to the merchants infrastructure to accept cryptocurrencies.

Payment Delegation

Consumers have the option to delegate the payment request to another person (e.g. think teenagers/college students shopping and need parental approval), which traditionally has been a pain point involving sharing sensitive information or needing to be physically present. PaymentBox provides a secure and convenient option where you can select an in network trusted friend or phone number to delegate payments to. Once selected, PaymentBox sends the transaction request to the selected person for payment. A smart contract is created and the transaction recorded in the ledger.

Payment Approval Chain

Additionally, PaymentBox’s delegation model enables proof of ownership and the transfer of ownership from one entity to another in a chain without the need of third-party intermediaries.

Ecosystem Incentives

Ecosystem Incentives

Customers

We are offering PaymentBox tokens (PAYT) to incentivize bootstrapping of promote strong user participation. PaymentBox tokens can be obtained from the public exchange, and PaymentBox/merchant promotions and incentives. Each time a user completes a transaction with PaymentBox, a percentage of the transaction will be rewarded back to the user as PaymentBox tokens.

Roadmap

Roadmap

Project Envision
June 2018
July 2018
Team Formation
Market Research + Development Starts
August 2018
Sep 2018
POC Successfully Created
Mobile App + Platform Pilot Launch
Q3 2019
Q1 2020
Official Launch
Development
Deployment
Growth

PRE-REGISTER

PRE-REGISTER

Team

Muasir

Founder

Ex PayPal and eBay leader, where he lead the PayPal REST API and eBay Enterprise AppStore teams. Focused on making the PaymentBox platform the most secure and deliver the most value to clients. His commitment and energy sets us up for success.
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John

Founder

Experienced technical program manager, architect, and team leader. Expert in the enterprise security, the cloud architecture, and DevOps. John holds 10+ patents in security, system managements, and other areas.
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Ankit

Founder

Trained as an engineer, Ankit has various experiences working for Fortune 100 companies with background in software development, product management, leadership, and business growth.
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Bren

Director of Engineering

Senior software engineer with over 10 years of development experience in defense, investment banking, and connected fitness products. Spent the past 5 years researching advanced reinforcement learning algorithms with a focus on continual learning, hyperparameter learning, and sample efficient algorithms.
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Tonya

Tonya Browning is an experienced technology leader with expertise in digital design, software engineering, usability, and accessibility.
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Shakeel

Advisor and angel investor in many startups in TX with Capital Factory and rest of US with HBS Angels. Helping them from concept through multiple funding rounds.
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Aldrich

Aldrich Huang is CEO & co-founder of UXTesting, Founder of SavvyUxer, and Organizer of Savvy UX Summit 2017.
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Max

Max was Technical Director in Magento Inc., where he was responsible for organizing, scaling and executing technical delivery of Magento 2 product.
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Videos

Videos