#silverpay

SilverLineSwap-SPARCP2E

SilverPay is an Android & iOS Application with secured cryptocurrency payment technology.

That’s enough for now! Wondering why? Cause we wanted you to know the common ground between us before reading what we’ve got for you.

Remember the time, when there was a trending product out there that got launched just now, but a whole mass crowd ordered it and the traditional system failed without providing us with a proper and reliable network?

Now, there was a tie, when we urgently wanted to send someone money for a priority matter, but your traditional payment server becomes slow and you stand pity being unable to do anything?

At worst, have you tried paying your bills at the end of your meal, the last point of your cab or at the counter of your shopping, during which you would’ve depended entirely on your traditional payment method and that leaves you hanging saying that the server is down?

A cherry to all of this — when your own traditional savings system charges a hefty sum of money from you for all the above failures from their end.

So what was the result?

WE SLOWLY STARTED HATING THE TRADITIONAL PAYMENT SYSTEM — WHY?

There are a few reasons. The first reason is that traditional payment methods are inconvenient. For example, you have to carry around a lot of cash or remember your credit card number. And if you lose your wallet, you’re out of luck.

Another reason people hate traditional payment methods is because they’re insecure. Credit cards can be stolen, and if someone hacks into your bank account, they can steal all your money.

Finally, people don’t like traditional payment methods because they’re expensive. Credit card companies charge high fees for using their cards, and banks often charge fees for withdrawing money from ATMs.

WHY PREFER CRYPTO PAYMENTS?

Cryptocurrencies are slowly but surely making their way into the mainstream, with more and more businesses starting to accept them as payment. This is a good thing, as it means that we no longer have to rely on traditional payment methods like credit cards and bank transfers.

ARE TRADITIONAL BANKERS FEARING & AVOIDING THIS METHOD?

However, traditional bankers have been largely against this new form of payment, and there are several reasons for this.

The first reason is that cryptocurrencies are seen as a threat to the traditional banking system. Cryptocurrencies can be used to transfer money anonymously and without fees, which could lead to people switching from traditional banking services to crypto payment services. This would result in a loss of revenue for traditional banks, and so they are keen to do anything they can to stop this from happening.

Another reason why traditional bankers are against cryptocurrencies is that they are worried about their security. Cryptocurrencies are digital currencies that use cryptography to secure their transactions and control the creation of new units.

This makes them relatively secure, but there have been cases where cryptocurrencies have been hacked or stolen. Traditional bankers feel that the security risks associated with cryptocurrencies outweigh the benefits, and so they are reluctant to get involved in them.

Finally, traditional bankers may be opposed to cryptocurrencies because they don’t understand them. Cryptocurrencies are a relatively new technology, and so many people — including traditional bankers — don’t know how they work or what benefits they offer.

This lack of understanding may lead some people to be skeptical about cryptocurrencies, which could explain why traditional bankers are against them.

Now let us serve you the dish, what’s there for you in SilverPay ?

More than your traditional payment method — apps and systems. Here we go,

Choose a variety of Digital Products with more token payments

Choose from our selection of digital e-cards and Games from around the world and pay for them with Crypto.

Gift Cards & Vouchers

Top-up & Bill Payments

Top up any phone anywhere across 150 + countries and 1000+ supported operators with Crypto.

Receive Shopping Cashback

Directly connect your defi wallets to the SilverPay app for a quick payment transfer spend crypto at stores and businesses that support SilverPay.

WHY PREFER SILVERPAY?

There are a number of reasons why SilverPay is better than traditional payments. Firstly, they are much faster and more efficient. With SilverPay, there is no need for third-party intermediaries like banks and credit card companies. This means that transactions can be completed in just a few minutes, as opposed to the several days it can take for traditional payments to go through.

Secondly, SilverPay is much more secure than traditional payments. Credit card information is often stolen by hackers, resulting in millions of dollars worth of losses each year. By contrast, cryptocurrencies are much harder to hack due to their encrypted nature. This makes them ideal for online transactions where security is essential.

Finally, SilverPay is much cheaper than traditional payments. Credit card companies often charge high fees for their services, while cryptocurrency transactions are typically free or very low cost. This makes them ideal for small businesses and individuals who want to save money on their transactions.

Overall, it is clear that cryptocurrencies offer many advantages over traditional payment methods. They are faster, more secure and cheaper, which makes them a great choice for anyone looking to make safe and efficient transactions online.

Wait! This is what SilverPay means as well — faster, Secure & Cheaper!

SilverPay — Your Bridge between DeFi & E-Commerce!

Or to simplify,

SilverPay — your new weapon against Traditional payments & your golden ticket to hassle free financial world!

SilverLineSwap-Crypto News

Tether has announced that its USDT stablecoin will be available in over 24,000 ATMs operated by fintech startup SmartPay starting November 3, 2022.

Millions of people will benefit from the move:

Tether highlighted a January 2021 report by the Brazilian research organization Instituto Locomotiva, which found that there are more than 34 million unbanked citizens in the South American country. Tether announced that SmartPay’s addition of USDT to its line of ATM products will provide access to digital financial services to millions of these unbanked Brazilians. Paolo Ardoino, Chief Technology Officer of Tether, stated:

“Adding Tether tokens to ATMs across Brazil provides the opportunity to include more people in the financial system. This will bring major changes to the payments industry and the entire Brazilian financial ecosystem. “

Customers will be able to send and receive tether tokens all across the world thanks to this connection. SmartPay customers will also be able to exchange their USDT for Brazil’s fiat currency, the Real, at ATMs.

The USDT is gaining popularity in Brazil:

In Brazil, cryptocurrencies such as USDT, Bitcoin (BTC), and others are rapidly being utilized in regular transactions. The sector is experiencing rapid acceptance, and more firms are taking advantage of this opportunity to give the general public direct access to virtual currencies. Each month, the Brazilian Federal Revenue Authority (RFB) states cryptocurrency ownership in the nation to keep track of the market’s progress and direction. According to the most current data, numerous people and institutions have registered ownership of crypto assets, with USDT being the most commonly used. According to the report, 12,000 organizations admitted to having cryptocurrency in their portfolio in August. This figure includes roughly 700 more people than it had in July. According to the August announcement, almost 1.3 million individuals possessed some type of digital asset. Furthermore, according to the RFB’s August report, USDT is the most extensively utilized cryptocurrency in the country. More than $1.4 billion was transferred using the dollar-pegged stablecoin in that month alone, with an average transaction value of roughly $18K.

The Brazilian Government and Businesses are Taking Advantage of the Cryptocurrency-Frenzy

Given that the Brazilian tax authorities also recorded a large number of individual BTC ownership declarations in July and August, these numbers show that the country’s crypto industry is rapidly developing. As a result, several fintech companies, including SmartPay, Picpay, and Nubank, as well as traditional banks, including Santander, have announced their intentions to integrate crypto services into their portfolios. The Gplans for the Brazilian central bank’s digital currency (CBDC) is also progressing. “Real Digital,” according to Roberto Campos Neto, President of the Brazilian Central Bank, will begin its experimental phase later this year. The CBDC’s value will be tied to Brazil’s Reserve Transfer System, and it will have a fixed supply, similar to Bitcoin. The Brazilian government is presently attempting to profit from the country’s Bitcoin mania. Aside from CBDC’s growth, lawmakers, earlier this year drafted a crypto bill to govern the cryptocurrency sector. The measure, which has been in the works for over three years, will define many aspects of the crypto space, such as what constitutes a virtual asset, what constitutes a broker or exchange, and which sections of the federal government will have jurisdiction over the industry.

SilverLine is one of those who has gradually come to see bitcoin as the new face of the future because we believe it will transform the world in a new way and pave the road for financial independence. Because SilverLine is recognized for its most popular applications, like Silverpay, it comes to reason that adopting bitcoin to improve your purchasing experience is a smart idea.

Crypto finance protocol NearPay has released virtual crypto cards and its wallet for iOS and Android in an effort to bring what the firm refers to as “the current digital banking experience” to the crypto sphere. Residents in the European Economic Area (EEA), which includes the member states of the European Union, Iceland, Liechtenstein, and Norway, as well as the UK, can currently use the service.

Now accessible across all platforms — including the web, iOS, and Android — is NearPay Wallet. The company stated in a press release shared with Cryptonews.com that users may buy cryptocurrency using credit cards or bank transfers, send, receive, and swap it, as well as make withdrawals directly to their bank accounts. According to Neary, its wallet already supports 38 cryptocurrencies, including Tether (USDT), bitcoin (BTC), and Ethereum (ETH).

“Along with crypto payments and conversion, you can make conventional bank transfers in EUR and GBP. In the near future, Wallet will provide earning rewards with a compound rate of up to 15.81% API without any deposit or withdrawal fees,” according to the statement.

Users can obtain a virtual Visa debit card that converts cryptocurrency purchases made online into money on demand. Anywhere Visa is accepted, users of the NearPay Card can make routine purchases using cryptocurrencies, according to the company. The card is functional “as soon as your registration is accepted. Afterward, you can watch your spending through the NearPay app or website interface, manage your PIN, freeze/unfreeze your card, and more “the release stated.

A spokesperson for NearPay told Cryptonews.com that currently, the company is only offering a virtual card to its customers in Europe, but that physical cards “will be launched soon”.

According to Ivan Ilin, COO of NearPay, users can access NearPay Wallet on the go and instantly obtain virtual crypto cards to spend their assets without first converting them by using the company’s “newly launched iOS and Android apps.”

The company predicted that, according to Insider Intelligence data, the total transaction value of payments made using cryptocurrencies will exceed USD 10 billion this year. According to the report, 60% of cryptocurrency owners express interest in utilizing their coins as a form of payment to buy goods and services online.

Using e-CNY, a Chinese state-owned commercial bank will test a “smart contract solution” that will enable parents to pay for their children’s primary school tuition. According to the media outlet The Cover, the Bank of China, one of the “big four” state-owned commercial Chinese banks, is behind the project. In China’s central Sichuan Province, in the city of Chengdu, the project is being carried out. Parents will be able to use digital fiat to pay for their children’s before- and after-school clubs, sports classes, and extracurricular activities thanks to a collaboration between the bank and Chengdu’s financial and educational authorities. In accordance with the program, parents use digital yuan to make a fixed deposit. After that, the private companies who manage the clubs or provide the instruction enter into a “smart contract” with these funds.

This agreement only becomes effective when the youngster shows up for a class or club. The contract is void and the deposit is refunded to the parents’ e-CNY wallet if, for instance, the child is unable to attend a session due to illness. Local financial and educational authorities have typically had to serve as middlemen in such cases, keeping track of attendance and collecting payments from parents before disbursing money to the private contractors. However, the Bank of China was cited as saying that adopting digital yuan smart contracts would allow regulatory officials to remove themselves from the picture and allow parents to pay the private contractors directly. The bank claimed that smart contract technology would help encourage payment transparency. The People’s Bank of China (PBoC) contends that it may use smart contract technology in its own e-CNY initiative even though they are typically used in the blockchain and cryptocurrency area. The term “smart contract” appears in the titles of at least eight patents that the PBoC has previously applied for. Once the digital CNY has been implemented countrywide, smart contract technology, according to Chinese financial experts, might be included in the country’s payments system. The Bank of China, meantime, has stated that it will distribute digital yuan tokens to Chongqing citizens under the condition that they only use the coins to pay for goods and services with minimal carbon emissions, like food deliveries without plastic and public transportation.

“Paxful, one of the main Bitcoin exchanges today, permits you to shop for Bitcoin without problems and securely. You will pay in your crypto in over 300 ways, inclusive of the pinnacle charge techniques in Paraguay, including financial institution transfer, Mercado Pago, and PayPal, in addition, to present playing cards and different cellular wallets.”

That’s how the chapter of Paraguay accepting the cryptocurrency started, as how bitcoin works wonders to whoever understands the tech underneath it, Paraguay tends to join the list. The country’s Senate has passed a law to govern cryptocurrencies and their operations in Paraguay. With minor recommended adjustments, the bill — which had already been submitted to the deputy chamber was adopted, establishing precise definitions and tax exemptions for businesses engaged in cryptocurrencies and crypto mining.

The Paraguayan Senate Passes the Cryptocurrency Bill

To provide greater certainty to investors committed to the industry in the region, Latam countries are working to standardize and regulate cryptocurrencies. On July 14, the Paraguayan senate approved a cryptocurrency bill that lays out a number of guidelines that businesses and individuals must abide by in order to use cryptocurrencies. The bill, which Senator Fernando Silva Facetti and others filed last year, was changed by the deputy chamber, which made certain suggestions that Facetti felt were improvements. The bill designated the country’s Ministry of Industry and Commerce as the body in charge of policing cryptocurrency-related services. The measure also stipulates that cryptocurrency mining businesses must submit a power consumption plan to the national power administration, which has the authority to cut off their power supply if they don’t comply. Additionally, advance payments will be required for the power services. Companies that deal in cryptocurrencies will not be subject to value-added taxes but will be required to pay income taxes.

The Bill Is Still Unsettling to Lawmakers

The cryptocurrency measure has been adopted by the Senate, and now Mario Abdo Benitez, the president of the nation, must decide whether to endorse it or veto the bill. However, certain parliamentarians voiced their displeasure with the law’s adoption in its current form, advocating for a presidential veto in specific cases. Another senator, Esperanza Martnez, attacked the bitcoin law attempt and claimed that it was not even a legitimate sector. Martinez added that the sector was “electro-intensive and extractivist,” noting that it used a lot of resources to support the few jobs it provided. Another senator, Enrique Bacchetta, agreed with Martinez’s viewpoints and called for a presidential veto of the legislation. This bitcoin measure won’t be the first in Latin America to be vetoed if it passes. Due to concerns about potential money laundering problems associated with cryptocurrencies, the president of Panama, Laurentino Cortizo, partially vetoed a cryptocurrency law in June.

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SilverLine Crypto News

Users will be able to use Dogecoin as a form of payment for Loop rides through Elon Musk’s Boring Company. The Boring Company created the Loop transit system for Las Vegas. Outside of the Las Vegas Convention Center, the business unveiled a new Loop station. The new Loop station included a new payment method. Elon Musk, who founded the company, had high-occupancy vehicles traveling at 150 mph in mind, but Loop consists of passengers riding in Tesla cars driven by people at a speed of about 35 mph. In a few years, the business plans to advance and execute higher-speed automated driving.

Elon Musk is now supporting Dogecoin once again

One of Elon Musk’s most recent and ambitious projects is the Boring Company’s adoption of Dogecoin. The business also intends to increase the number of loop stations to around 50. Dogecoin has received ardent backing from Elon Musk. Elon has continued to show his support for the coin despite numerous challenges. The Loop rides are now free, but fees will soon be added. Single trips will cost approximately $1.50, while day passes will start at $2.50. Dogecoin can be used by users to pay for rides. US cash and credit card payments are available for those who prefer alternative payment options.

Dogecoin was initially intended to be a Joke! Since its release in 2013, DOGE, which includes a Shiba Inu dog, has become a well-known internet meme. Once Elon Musk started talking about it, the coin flourished in the spotlight. Following that, the meme coin has some fleeting gains each time Elon tweets about DOGE. The DOGE stock price is $0.068050 at the time of writing, up 1.6% over the previous day. In the past 14 and 7 days, respectively, DOGE’s share price increased by 3.6 and 3.1 percent.

And do we have a say on this? — Yes we do, SilverLine is one among those, who have progressively come to recognize cryptocurrency as the new face of the future because we think it will change the world in a different way and pave the way for financial freedom. Because SilverLine is known for its greatest use cases, including SilverPay, it stands to reason that using cryptocurrency to enhance your shopping experience will let you enjoy daily purchases without worrying about expenses.