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Paytah Payment Solutions has announced the release of its new digital platform: The Paytah Wallet – a multi-currency account app running on the blockchain.
The new digital platform was developed in collaboration with Heat Ledger. Use third-generation distributed ledger technology to improve traditional money services and add special features related to security, privacy and transparency.
Transactions are faster, cheaper and safer. The Paytah Wallet is linked to a fully functional IBAN and incorporates all the major financial services of a payment account. Services include: instant transfers within Paytah accounts; transfer in euros to external accounts via SEPA and SWIFT; deposit in euros via SEPA, international bank transfer and credit card; encrypted private messaging between client / Paytah or client / client and additional FIAT currencies (26 currencies available).
Transactions are faster, cheaper and safer
The use of blockchain technology provides a complete and non-editable audit trail to meet regulatory requirements. In addition, client-side encryption adds another layer of security to the system. Blockchain and the private key system put the customer under control of his resources. Account balances can not be adjusted or transactions authorized without the registered device of the user who explicitly provides login credentials for each transaction.
The founder Marco Lavanna states: "Having a current account on the blockchain eliminates the need for the so-called trust factor, and here is the importance of resorting to block-chain technology to improve traditional financial services.
"Our app replaces the confirmation payment codes usually sent via SMS and traditional token devices with exclusive private keys.The private key puts the owner of the account in control of their own funds, no third in addition to the private key holder can validate transactions When a transaction is authenticated, the private key triggers an automatic process that can not be tampered with or interrupted.
"Blockchain technology brings to our relationship with customers a level of transparency otherwise impossible.In the financial world we know that financial transactions are 100% dependent on the good intentions of a third party.When moving funds, the person relies on a bank to successfully transfer to the designated beneficiary No trust is required when you have an account running on the blockchain. "
Add-ons are already under development and account owners will soon be able to store, send and receive funds and in cryptocurrencies.
The service is now available for individual and business customers. The user interface includes a mobile and desktop version. And it has been meticulously developed to be simple and easy to manage.
To open an account and start using Paytah Wallet services, visit http://www.paytah.com.
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