Send USDC to other users and let smart contracts handle more complex payments.
For example, use PayCoin to pay a security deposit for a short sublease agreement, with added date and time constraints.
You'll be able to view your transaction history and contracts which are stored on the Stellar network's ledger.
Be part of the future of mobile stablecoin payments.
PayCoin operates on the Stellar blockchain network. Stellar is a fast open-source blockchain network built specifically to enhance the world's financial system. Stellar supports Circle, which powers USD Coin (USDC). USDC is always redeemable 1:1 for U.S. dollars. USDC reserves are held in the management and custody of leading U.S. financial institutions and Circle is regulated as a licensed money transmitter under U.S. state law.
The mission to power the world's
mobile USDC payments is achievable by pursuing
regulatory compliance.
You'll have access to 2FA (Two-Factor Authentication) and multisig.
PayCoin is a non-custodial wallet, only you have access to your account's secret key which is stored in your operating system's cloud keychain storage and you are the only one who can access your money.
PayCoin charges a service fee of 0.9% for each initiated payment on the app. This fee helps PayCoin provide a safe, fast and intuitive stablecoin payments experience on mobile!
Smart contracts are self-executing programs stored on the blockchain that enables two or more parties to exchange money, property, shares, or anything of value in a transparent, conflict-free way while avoiding the need for a third party. PayCoin will use Soroban, a smart contracts platform built with Stellar's speed and interoperability in mind.
