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ZPay

Last edited 14 days ago by Hiro Hamada

Abstract: ZPay introduces a groundbreaking approach to digital payments by enabling transactions through internet identities, such as social media usernames. This whitepaper outlines ZPay's innovative technology, key features, market focus, and future plans to capture significant market share in emerging markets.

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1. Introduction

ZPay aims to simplify digital payments by leveraging existing internet identities (e.g., Facebook IDs, Instagram usernames) for transactions. This method eliminates the need for traditional account details, streamlining the payment process and enhancing user convenience.

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2. Market Opportunity

India's UPI market is projected to reach $1 trillion by 2026. However, spending crypto in everyday transactions remains challenging due to high tax rates. ZPay addresses this gap by focusing on UPI-like crypto payments in India, converting crypto to digital currency within the ZPay wallet, and facilitating merchant acceptance and withdrawals in INR or crypto.

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3. ZPay Technology

ZPay utilizes advanced blockchain technology to enable secure, transparent, and efficient transactions. The platform supports identity-based payments, ensuring seamless integration with existing social media and internet identities.

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4. Key Features

Identity-Based Payments:

Sender Action: Initiate payments using internet identities instead of traditional account numbers or emails.

Receiver Action: Log into ZPay and verify ownership of the specified identity to claim funds.

Seamless User Experience:

For Senders: Simple and straightforward process requiring only the recipient’s internet identity.

For Receivers: Flexible and convenient fund claiming process by proving internet identity ownership.

Value Propositions:

Scan and Pay: Quick transactions using QR codes.

NFC Payments: Contactless payments for NFC-enabled devices.

Bluetooth-Based Offline Payments: Secure offline transactions using Bluetooth.

ZPay Tokens: Gain discounts and cashbacks while shopping.

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5. Workflow

Sender’s Process:

Open the ZPay application or website.

Enter the payment amount and recipient’s internet identity.

Confirm the transaction and send the funds.

Receiver’s Process:

Log into the ZPay application or website.

Select the option to claim funds.

Authenticate ownership of the specified internet identity.

Receive the funds in their ZPay account.

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6. Security and Privacy

Authentication: Secure methods verify ownership of internet identities, ensuring rightful claims.

Privacy: User data and transaction details are encrypted.

Fraud Prevention: Advanced techniques prevent fraudulent claims and transactions.

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7. Tokenomics

ZPay tokens incentivize users and merchants, promoting widespread adoption. Users earn tokens through transactions and can redeem them for discounts and cashbacks. Merchants use tokens to offer deals and gain additional visibility.

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8. Roadmap

Phase 1: Launch MVP focusing on UPI-like crypto payments in India.

Phase 2: Expand operations to UAE, Saudi Arabia, and Qatar.

Phase 3: Onboard citizens earning salaries in crypto and capture 15-30% of the UPI market, targeting a $150-300 billion valuation.

Funding:

Pre-Seed: Raising $600,000 for $1 million worth of ZPay tokens. IEO scheduled for 2026, with consideration for IDO in 2025.

Seed: Raising $2 million to expand overseas and gain a foothold in the Indian market.

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9. Conclusion

ZPay offers a revolutionary payment solution that leverages existing internet identities, providing convenience, security, and flexibility. With a strong market opportunity and a clear roadmap, ZPay is poised to transform the digital payment landscape.

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Contact Information:

Calendly:

calendly.com/laciferin⁠

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Community:

t.me/zpay2024⁠

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Investor Group:

https://t.me/+ppcEXA05uXkyMzdl⁠

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LinkedIn: