August 2019, Estonia – In an effort to expand cryptocurrency adoption, Payfty is debuting the first ever crypto-focused cCommerce platform. The exchange will give customers the ability to buy and sell various day to day commodities using established cryptocurrencies such as Bitcoin. Through the expansion of commercial activity in the cryptocurrency space, Payfty aims to provide security and stability to the once volatile sector.
With volatility as the pre-eminent roadblock to vendor acceptance of crypto-payments, Payfty has moved to minimize volatility risk with the creation of a stable coin known as USDP. By pegging USDP to US Dollars (USD) and backing the cryptocoin with actual dollar deposits, Payfty enables USDP to maintain a 1 to 1 value ratio with the US Dollar.
Payfty maintains a leg up on the competition by enabling customers to receive cashback and discounts through the use of USDP in its cCommerce store, USDP is purported to officially roll out as a primary payment method on Payfty’s cCommerce…