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Peyya

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Sweden

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18 Mar 2022 (3 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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    Get to know Peyya

    Peyya is the only payment provider to support payments in metaverse as well as classic e-commerce and our physical world. We empower creators, merchants, and everyday people to join and thrive in the open metaverse by helping them pay and get paid hassle-free using regular money. No need to exchange for stablecoins or cryptocurrency, with Peyya you can pay your bills and buy your favorite NFTs with one single wallet and the regular money you already have in your bank account. To put it simply - Peyya is a better way to pay and get paid! We are fueled by the fundamental belief that increased trust and financial freedom, create opportunities and financial inclusion that liberates people to live life to its fullest. By bridging the gap between traditional banking and decentralized finance, we bring the next generation of DeFi infrastructure based on blockchain rails and distributed ledger technology, to the masses. Our SaaS platform brings together everything needed in order to issue bank-regulated electronic money in currencies such as USD, EUR, and GBP, along with the infrastructure and building blocks to design and implement blockchain-powered payments in any solution. Transactions are made on blockchain rails over a global payments network and therefore directly between sender-receiver without any routing or intermediaries. With a state-of-the-art atomic swap technology, the transaction, clearing, and settlement are done in one single request and performed instantaneously. Not only does this reduce cost and mitigates risk to virtually zero. It also means that money can now flow continuously, effortlessly, and safely between people, companies, and nations all over the world in any way they choose. Without the boundaries of intermediaries and legacy technology. All while gaining improved transparency, traceability, and accountability. And this, we believe, will empower people and entrepreneurs to join and thrive in both the creator economy and global economy. And it will contribute to democratizing society, reducing poverty, and creating a sustainable financial ecosystem. Peyya is a DeFi fintech, developing the next-generation of payment infrastructure and services.

    Industry

    • Crypto CryptocurrencyPRIMARY
    • Financial Other Service
    • Financial PSP Gateway

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