Hello, this is Paycoin.
PayProtocol is proud to announce the official launch of the PayProtocol Global App on May 15, 2025, along with the introduction of the 'Paycoin Mastercard,' which enables real-time payments at Mastercard merchants worldwide. Issued in partnership with Swiss bank SR Saphirstein AG (Fiat24), the Paycoin Mastercard is an innovative virtual asset-based debit card that offers seamless usability both online and offline, setting a new paradigm in the global payments market.
1. Real-Time Payments with Paycoin, Anywhere in the World
The Paycoin Mastercard allows users to top up with Paycoin (PCI) and make real-time payments at any Mastercard merchant worldwide. It can also be registered with major mobile payment services such as Google Pay and Apple Pay, offering an optimized payment experience for various global lifestyles including overseas shopping, travel, and subscription services.
2. Innovative Web3 Account Verification and Digital ID
Card issuance is simple through the PayProtocol Global App. After installing the app and depositing PCI, users receive an Account NFT from the Fiat24 platform, which serves as a Web3 account verification tool. This NFT acts as a digital ID based on a Web3 wallet, providing an innovative authentication method that replaces traditional IDs and passwords.
3. Real-Time Currency Exchange, No Global Payment Fees
During payment, PCI charged in the Web3 wallet is automatically converted to USDC via the Uniswap liquidity pool, then further converted to Fiat24's 24 Tokens (USD24, EUR24, CHF24, RMB24), which are issued to the user's wallet. The token balance is deducted in real time during payments, with absolutely no currency exchange fees, offering a significant advantage to global users. The monthly usage limit is set at 1,000 Swiss francs (approximately KRW 1.66 million), but there are plans to increase this limit as user verification is enhanced.
4. Optimized Payment Solution for Global Travel & Subscriptions
The Paycoin Mastercard is a practical alternative to traditional travel cards or foreign currency payment methods, providing an optimized payment solution for global travelers and subscription service users. Users can pay conveniently anywhere in the world without complex currency exchange processes or additional fees.
5. Expansion of the PayFi Ecosystem & Upcoming DeFi-Linked Services
Starting with this card, PayProtocol plans to sequentially launch various DeFi-linked financial products, including virtual asset-based rewards, vouchers, and credit services. Ultimately, by expanding the global PayFi ecosystem using stablecoins, we aim to strengthen the bridge between decentralized finance and traditional payment systems.
The PayProtocol Global App is available for download on the App Store, Google Play, and the official PayProtocol website.