The aBey Foundation Introduces new Crypto-Enabled Credit Card Technology
Cointelegraph By Cassio Gusson's original article for cointelegraph.com reduced by 51%
Speaking at BlockShow Asia 2019, aBey Foundation co-founder Dr. Ciprian Pungila announced aPay, a payment system that lets the cryptocurrency community use its assets for daily payments via credit card integrations. aPay users can send their cryptocurrencies to the platform and gain access to three different credit cards that operate with UnionPay, Mastercard, and Visa.
They can therefore use their cryptocurrencies for daily payments. Based on new blockchain technology developed by the aBey Foundation, aPay promises to be a speedy blockchain that introduces new architecture and high-performance computing that would enable faster transactions. The co-founder revealed that aPay supports Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, Dash, EOS, Ripple, ZCash, and a native cryptocurrency built by aBey.
They only need to accept conventional credit card payments, and aPay's solution automatically converts the payment from crypto to fiat. Dr. Pungila also stated that aBey's blockchain supports high-speed transactions in order to support e-commerce needs, enabling repayable transactions, home loans, commission payments, and more.
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