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PayNetX

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United Kingdom

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04 Oct 2021 (4 Years)

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    What are the differences in regulations for each

    License

    A Grade License

    Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

    B Grade License

    Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

    C Grade License

    Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

    D Grade License

    From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

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    Company Information

    Get to know PayNetX

    PayNetX is the first global hybrid platform that is designed to effectively bridge the gap between traditional financing and decentralized financing on an unique model allowing users to both open and manage multiple fiat currency accounts (the only in the world supporting all 180 fiat currencies across the globe), together with importing their cryptocurrency portfolio from third party wallets and exchanges accounts. Once set up, PayNetX account allows instant transactions from any crypto to crypto, crypto to fiat, fiat to fiat and fiat to crypto currencies across the globe solving probably the largest cross-border and interoperability issues globally. PayNetX plans to support over 50 000 transactions per second with estimated settlement time of 0.01 to 0.02 seconds regardless of location, currency or value transacted all at a transaction cost of fraction of a cent saving hundreds of millions of transactions fees for the users per annum. Apart of the above, PayNetX is also considered incredible multipurpose app as there are few more key features that make users lives easier. We're on a mission to set the new standards in global payments.

    Industry

    • Crypto CryptocurrencyPRIMARY
    • Financial Other Service
    • Financial Payment

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