Date : 12 November 2021
Time : 12:00 PM UTC
Guest : Mr. Ben (CEO of 8 Pay)
Venue : https://t.me/Crypto_Talkzs
Website : http://www.8pay.network/
๐ Mr. Ben – CEO of 8Pay shared us the Details about ‘ 8Pay ‘ and itโs Unique featuresโฆ ๐
Host : ๐Hello Chat , Welcome to another exclusive Crypto Talkz AMA. Today with us, we have 8Pay. welcome to our community, I’m glad you here to join the AMA today! Mr. Ben ๐
Mr. Ben : Hello everybody, it’s a pleasure to be here ๐
Host : Welcome! How is your day going so far?
Mr. Ben : very good thanks, excited to answer your questions about 8PAY.
Host : can please introduce yourself to our community Ben? ๐
Mr. Ben : Sure, I’m Ben, CEO and co founder of 8PAY. We started working on it already in 2018, aiming to solve payments in the crypto industry.
Introduction segment
Host : Can you briefly introduce 8Pay and from where you get the project name? What does it mean to you? And why you choose this name for your project?
Mr. Ben : 8PAY is a multi chain decentralised payment protocol enabling several type of billing models on blockchain. We allow merchants and customers to use crypto for almost all the type of payments, specially recurring payments that are automatised by our smart contracts.
8 represent the infinity stream of payments, from there the name 8PAY.
Host : Tell us, What is your mission and vision to build this project? What you want to achieve through your project in future?
Mr. Ben : To enable the entire world, also the countries who don’t have access to the most common financial services, to adopt crypto payments in a user friendly and decentralised way, keeping self custody of their funds, without third party intermediary. we aim to recreate in the crypto world what stripe represent in the traditional space.
Host : And What strengths does 8Pay have to compete with competitors?
Mr. Ben : In addition to that, most of the other crypto payment gateway don’t support subscriptions and recurring payments, forcing the user to pay the entire plan in advance. Important to mention also the simplicity of integration, allowing also non technical user to use 8PAY to accept crypto payments.
Host : So, How important is the community to your project? and How can we collaborate or help share token for the development of the project?
Mr. Ben : Definitely one of the most important aspect of a project like 8PAY. Every member of the community can contribute to our project trying it out and giving constructive feedback, using 8PAY to send and receive payments in the crypto space having them automatically organised, spreading the vision of the project and bringing more awareness to their friends and community.
Host : And also, Could you please provide some progress on your Roadmap and what results 8Pay has achieved so far?
Absolutely, we went live on BSC with our app audited by Certik, supporting all the type of payments. Partnered with few projects that will use 8pay to execute payment in their platform. Released woocomerce plugin integration. Succesfully executed the first automatic subscription and scheduled payment on BSC.
Our roadmap is available here for anybody requiring more details on it: https://8pay.network/#roadmap
Twitter Segment
Q1. Twitter ID: @Godpelpa
In less than a week they will announce a new partnership but I did not find any information about it. So, can you give any preview of this important partnership you are developing? How important is working together with this new partnership for the development of your platform?
Mr. Ben : I can’t disclose too many info at the moment but what I can say is get ready for the first use case of 8PAY in the Charity and Gaming space. We all know how big those industries are and once we’ll go live with the first merchants on those categories many people will realise the potential of this project ๐
Q2. Twitter ID: @Lidiamga
I read that users will be able to use BNB and some BEP-20 tokens and stablecoins to pay for goods and services. Users will also be asked to keep an 8Pay token in their wallet to pay the fee, etc. Or will you charge in the token that the user uses to pay?
Mr. Ben : Users can pay in the token selected by the merchants. Itโs not mandatory to have 8PAY but a great addition to those whoโd like to use 8PAY to accept payments or schedule recurring transfers to minimise the fees.
Q3. Twitter ID: @Godpelpa
I read that currently, 8Pay supports several BEP-20 tokens, but very soon it will be extended to Matic and Solana. So, can you give detail about the tokens that are currently allowed on your platform? Why did you decide to work mainly with MATIC and Solana chains?
Mr. Ben : Sure, you can find the BEP20 supported directly in our website. We want to guarantee an excellent experience in terms of speed and low fees to our users, so we believe Polygon and Solana are the best move considering their efficiency and ecosystem.
We also received great feedbacks from the Solana community so we are very excited to scale and make 8PAY available for all of them.
Q4. Twitter ID: @kimterbear
8PAY is a DEFI platform for trustless crypto payments. In what products can we use 8PAY as a payment method?? Are you currently focused on E-COMMERCE PAYMENTS? Aside from payment, what are your other products and solutions?
We are going to release a merchant directory in the next months, but stay tuned for the next announcement on the 18th and you’ll be able to use 8PAY on a new merchant.
8PAY can be easily integrated in any woo-commerce store and website. We are currently focused on Ecommerce but also on different industries such as charity, gaming, saas.
In addition to send, receive, track and schedule payments, youโll be able to automatise some trades (more info on this will be released next month) ๐
Q5. Twitter ID: @Reiyan_12
Can you tell us a bit about your Staking system and native wagering rewards on the 8Pay platform? How can we benefit from these rewards and why do they implement two forms of participation for 8PAY token holders: single asset and LP?
Sure, 8PAY holder can enjoy single staking directly from our website: https://staking.8pay.network/. We also offer LP staking for the most advanced user who would like to provide liquidity on pancake with an higher APY.
Telegram Live Q&A Segment
Q. The team has worked hard to design and develop one of the most important features in the entire network, making 8PAY much easier to use even for non-technical users, thanks to Autobiller. What is AutoBiller? How does Autobiller work? Benefits?
Mr. Ben : Autobiller is a feature automatising several operations in blockchain. Thanks to that it will be possibile for everybody to automatically charge their subscribers and schedule recurring transfer such as payroll. For the most technical the autobiller solve the scheduled cron-job problem, missing on the EVM technology.
Q.They are adding a feature to set up scheduled payments through the 8Pay user interface more easily. What is the 8pay scheduled payments feature? How does this function work? advantage?
Mr. Ben : Scheduled payment feature allows everybody to automatise recurring transfer. Imagine companies sending crypto salaries to their team every month, they would have to manually execute the payments every time. While with traditional bank was possibile to schedule recurring transfer in fiat, from now on it’s possible to do it also in crypto thanks to 8PAY, keeping custody of your funds and without depositing funds in advance.
Here you can find more about it: https://8pay.medium.com/8pay-enabling-payroll-and-scheduled-payments-on-bsc-af3229b6110e
Q.Tier tiers allow 8Pay users to choose their rate based on how much they plan to use 8Pay features. What are the 8pay levels? What do these 8pay levels allow? What advantages does the existence of these levels offer?
Most of the fees are from a merchant perspective, so they allow companies to accept payments and decrease the 1% fee based on their tiers. While for all the users they will be able to minimize the fees for scheduled transfers and soon, other several features ๐
You can find the tiers section under “My account” section once logged in the webapp.
Q.โญโญโญโญ Question : Sir I want to buy your token. is it listed
#pancakeswap? #Binance #Kucoin #MEXC OR Any Exchangers??
Where can I buy your tokens now?? Can you tell us please? โญโญโญโญ๐๐
Mr. Ben : Yes of course, 8PAY token is currently listed on Pancakeswap and Uniswap for the dex part. Regarding the CEX it’s possible to buy 8PAY on Bithumb Global. Just few days ago 8PAY got listed on FTX (formerly Blockfolio), so you’ll be able to track it from there.
Q.Which wallets are the best to use 8pay products? Do you have any video or guide to make it easy for beginners?
Mr. Ben : Every hot wallet supporting BSC can be used with 8PAY. That means we support Metamask, Trustwallet and many more, including hard wallet like Ledger. For your security, we support the last version of the standard EIP-712 signature.
Host : Thanks for diving us deeper into 8Pay
Its time for Wrapping Up, any last words you would like to say to the community? Mr. Ben ๐
Thanks to you and your great community for all the questions. We wait your feedbacks in our group chat to improve 8PAY even more. ๐
Thanks for having me, I wish you all a great crypto journey.
๐ Here below are links for you to get the latest update about 8Pay
Website: http://www.8pay.network/
Telegram: https://t.me/official_8pay
Telegram News Channel: https://t.me/ann_8PAY
Twitter: https://twitter.com/8Pay_network
Medium: https://8pay.medium.com/