@Pay

Description

@Pay (Atpay) is a unique first-of-its-kind platform that incorporates five emerging and fast-growing segments:

1. BUY NOW PAY LATER (BNPL)
2. CRYPTO PAYMENTS
3. BLOCKCHAIN & SMART CONTRACT TECHNOLOGY
4. BUY CRYPTO & WALLET
5. STAKING

@Pay (atpay) is a global payment and BNPL platform that creates solutions for shoppers, merchants, and marketplaces. It empowers customers to access the things they want and need while maintaining financial wellness and control, with the aim of helping people spend responsibly. Incorporating blockchain technology generates several important advantages over existing BNPL providers. In terms of the platform, blockchain increases security, speed, and transparency; it also significantly reduces costs and improves efficiency. The technology allows users and merchants to use cryptocurrencies and incorporate reward and governance tokens. It also allows the deployment of Decentralized Finance (DeFi) protocols, like staking, and many other advantages discussed later in this whitepaper. According to the Australian Finance Industry Association. BNPL will grow at a 45% CAGR by 2030.

In recent years, both the BNPL sector and the adoption of cryptocurrencies have grown at explosive rates. The first was mostly driven by an increase in online consumer spending, which was accelerated by the Covid pandemic. The second has grown as a result of increased adoption and its technological advantages. Both sectors are expected to continue to grow at exponential rates with BNPL and the market size for digital wallets expected to grow at a CAGR of 54% and 24% respectively, until 2030. With @Pay (atpay) users access a multi-solution payment protocol. They can pay for their products using the BNPL function or by using approved cryptocurrencies they already hold in their wallets. Users can also pay with fiat currency using their existing debit and credit cards. Users have the ability to buy now and pay later without the risk of being charged interest or late fees. The purchase amount is split into four repayments over a period of two months, for both online and in store purchases. While the repayment remains outstanding the user is charged an account keeping and administration fee per month until repayment is made in full. Users are rewarded for completing their repayments on time with @Pay (atpay) reward and governance tokens, which can be used in various ways, such as buying into a higher credit limit, as currency to purchase products and services from merchants in the @Pay (atpay) marketplace, and to vote on certain outcomes that can shape the future of the @Pay (atpay) platform. Additionally, @Pay (atpay) has created a fully integrated digital wallet that, along with the marketplace, tokens, payment and BNPL solutions, and the @Pay (atpay) community, creates a full ecosystem that benefits both users and merchants in unprecedented ways.