Bonpay is the latest solution to make transactions and get to financial freedom via digital payments around the globe. The rates are transparent, and the system is quick and simple to use.

This is a full-fledged service on the blockchain with a range of solutions, flexibility, and smooth transactions. Thanks to its infrastructural inclusiveness, its technological reliability, and the team’s deep financial knowledge, Bonpay stands out and offers unique solutions for those, who are looking to make and accept payments globally.

Bonpay Website

Who Is Behind Bonpay?

Together, the main team behind Bonpay has over 30 years of collective experience in both electronic payments and international finance. Leaders also have professional knowledge and experience with cryptocurrency. The CEO, Alex Blazhevych, has more than seven years of experience in crypto financial systems and is also a business partner, executive, analyst, and business developer.

Bonpay Team

The CTO, Oleg Boykov, is a developer with over six years of experience and a strong technical developer. The CPO, Valentin Kaduchenko, has more than eight years of experience in financial operations management, engineering, and marketing. The CFO, Julya Bashtannik, has more than four years of experience with business strategies and international financies.

What Are the Benefits of Bonpay?

When using Bonpay, users have transparent, reasonable rates. This low price is possible due to the blockchain technology and decentralized. The blockchain allows the funds to be transferred instantly and securely with the best possible rates for any cross-border fees.

Bonpay has multiple providers, which improves the ability to convert between additional cryptocurrencies and fiat currencies. Making the conversions is now as simple and quick as sending a message. The data protection is also self-controlled, thanks to the zero-knowledge security system of Bonpay. This makes it simple to resolve security, compliance, and technical issues.

Another great service from Bonpay – Prepaid Cards. For added benefits, Bonpay Cards allow you to use Bonpay like you would any other plastic or virtual card. Companies who take advantage of Bonpay can accept and use cryptocurrencies, giving them an advantage over the competition.

Statistics for Bonpay

Bonpay is supported in more than 130 countries around the world. With this much support, your business can grow with ease, conducting transactions nearly any way. Bonpay charges nothing to register and create your account, moving you toward financial freedom. Bonpay wallet supports now only Bitcoin but in future it will support over 125 currencies (fiat and crypto), meaning you are incredibly likely to find the specific currency you need.

How Do You Store and Use Bonpay?

With Bonpay, you store all your assets in a specific wallet. The single wallet is for receiving, storing, spending, converting, and transferring cryptocurrency in any way. There is also the option of Bonpay Cards, either virtual or plastic ones, to make your payments in crypto simple and fast in a traditional manner.

What Should You Know About the Bonpay Wallet?

The wallet relies on the latest advanced technologies to always keep your funds protected, ensuring your personal and financial information remain secure. Best of all, the Bonpay wallet is always available. You can use it on any platform or device at any time. And as it was told earlier developers will add support of multiple cryptocurrencies, such as Ethereum, Litecoin, Dash, Ripple, some of ERC20 tokens and many more.

Bonpay Wallet

How Is Bonpay Different from Other Similar Products?

Bonpay is not the only payment method of its type within the blockchain, but it is the only one to offer the complete package. The product behind Bonpay is already live, giving it an advantage over Monaco and Tokencard. There is also a reward for token holders, something you won’t get with Monaco/Tokencard or Xapo/Wirex. Although other systems only have a hosted wallet, Bonpay adds a card balance for convenience. Compared to the other options, Bonpay offers the best cryptocurrency exchange rate, just 1 to 2 percent at first and 0 percent after the DLN is launched. You also control the rates since you choose when you want to top up your card.

Comparison

Most similar products limit the ways to fund your wallet to cryptocurrencies, but Bonpay is about to work with BTC, ETH, ERC20, Ripple, and other cryptocurrencies, in addition to bank transfers and PayPal. The foreign exchange fee for Bonpay is also lower than others, and there are no POS limits per day, which other payment platforms like TenX impose.

What User Rewards Are There?

Both token holders and cardholders for Bonpay receive rewards. There is an incentive reward for Bonpay token holders. Each receives reward from 0.65 percent pool of fees for all the transactions made by card owners. This reward will be paid in ETH or BON. For cardholders, every single purchase they make leads to a 0.15 percent cash-back bonus (in BON tokens). There are also Limited Edition Black Cards that have even lower fees and higher limits.

What to Know About the Bonpay Initial Token Sale

The initial token sale for Bonpay has already ended. At the time of this writing, 1 ETH was the equivalent of 500 BON with a 30 percent bonus. There were 20,426 ETH raised, passing the soft cap of 15,000 ETH in first few days.

Everyone who participates in the ITS receives access to the Exclusive Affiliate Program. Those who contribute with more than 20 ETH will be eligible to get the Special Black card design, free card maintenance for a year, better fees, a low unlimited bank exchange rate, and 24/7 customer support with priority. Those who contribute at least 200 ETH get free card maintenance for life, a personal support manager, an increased free monthly ATM limit, special gifts, free use of the new payment methods via gadgets that integrate with cryptocurrency, and special access to the latest versions of products.

Conclusion

Bonpay is a useful multicurrency service, which includes wallet and prepaid card for those who want extra security. It is also lets users to spend and receive money in a range of countries with the help of the card. Between the wide acceptance of Bonpay and the low rates, it is a smart choice for those who have holdings in numerous crypto and fiat currencies.

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Posted by Oliver Dale

Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all.


All content on Blockonomi.com is provided solely for informational purposes, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security, product, service or investment. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate.

One Comment

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    Thank you for your guide to Bonpay services.

    Reply

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