- As the crypto industry evolves, more reliable gateways to convert popular cryptocurrencies into usable fiat are needed.
- Paycent solves this through its one of a kind crypto debit card.
- Paycent also has an innovative mobile app with crypto wallet capabilities and instant conversion between crypto and fiat for use on its variety of prepaid debit cards.
- Paycent also provides merchant services for businesses that qualify.
- PYN token is the utility token for the Paycent ecosystem.
Crypto debit cards have been continually evolving in a bid to fill a market niche for the swift conversion of digital assets into their fiat equivalent for easy use for the daily purchase of goods and services. One such crypto debit card that stands above the rest, is Paycent (PYN). With its state of the art mobile app with crypto wallet capabilities, users can easily store, convert crypto into fiat and load their cards on the platform. The platform has the PYN native taken that has various uses such as the payment of transaction fees.
Paycent Mobile App With Crypto Wallet Capabilities
The mobile app is where all the magic happens. Users can sign up, verify their identities and order the card for $49. The crypto debit card is shipped anywhere globally in a matter of days. The card is powered by UnionPay International: a subsidiary of China UnionPay. More on the debit card can be found here.
The mobile app also provides crypto wallet capabilities supporting a variety of digital assets. They include, Bitcoin (BTC), Ethereum (ETH), Paycent (PYN), Verge (XVG), DragonChain (DRGN), Ontology (ONT), DigitByte (DGB), GroestlCoin (GRS), Binance (BNB), Litecoin (LTC), XRP, Dash (DASH) and STEEM.
The innovative app allows you to convert the aforementioned cryptocurrencies into fiat that can be easily loaded onto the Paycent debit card or any other card supported by Mastercard.
Migration of PYN Onto Binance Chain and Listing on Binance DEX
The Paycent (PYN) token is available on both the ERC20 Ethereum protocol and on Binance Chain. The official announcement announcing the token’s availability on Binance Chain was made in June of last year. The token was then listed on Binance’s Decentralized Exchange the following month. Owners of the ERC20 version can easily swap them for the BEP-2 version on the mobile app. The latter token is labeled as PYN-C37 on the platform and owners are encouraged to stake the token for a variety of rewards.
Market Analysis of Paycent (PYN)
Further checking Coinmarketcap.com, we find that Paycent (PYN) has also not being spared by the crypto market carnage of today, March 12th. The token is currently down 28% in 24 hours and is currently valued at $0.001618 at the time of writing this.
As earlier mentioned, PYN is available for trading on Binance DEX amongst other exchanges. The latter include YoBit, Bithumb Singapore, Mercatox and P2PB2B.
(Feature image courtesy of Webaroo on Unsplash)
Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Crypto Gazette or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you.