Pay It NowPrice

(PIN)

Pay It Now is described as a leading blockchain innovator offering a comprehensive digital payment system. It includes a user-friendly digital wallet (the PIN Network App) that enables users to buy, sell, and spend cryptocurrency. Functioning as a cryptocurrency exchange, it also provides essential on/off-ramp solutions for digital assets, facilitating easy conversion between crypto and fiat currencies within its ecosystem for both individuals and businesses.

The PIN token is the native cryptocurrency of the Pay It Now Ecosystem. Its primary purpose is to support various core network features within the app, including facilitating payments, enabling staking activities, and supporting in-app trading functionalities. Importantly, it serves as the settlement currency on the PIN Network, underpinning transactions and economic interactions across the platform to ensure smooth and efficient operations.

Merchants using Pay It Now Payments enjoy significant advantages, including no transaction fees or initial setup costs. The system eliminates gas fees for customers and provides secure, seamless connections via its Layer 2 blockchain solution. Businesses benefit from instant conversion of digital assets to cash (NZD or AUD), with the price locked at the point of sale to avoid market volatility. Furthermore, the underlying blockchain technology eliminates chargeback risks, and payouts are processed daily.

Pay It Now states that for buying, selling, or swapping cryptocurrencies within its app, they do not add trading, service, or forex fees. Users will only encounter a small spread on transactions. Additionally, the in-app exchange features are designed to be "gasless," meaning users do not incur network transaction fees commonly associated with blockchain operations. This aims to provide a cost-effective and transparent experience for users managing their digital assets.

A recent announcement indicates that the PIN token is migrating to become exclusively available within the Pay It Now Network App, phasing out its Polygon version. Liquidity will be removed from external platforms, and PIN will no longer be tradable outside the app. Holders of the Layer 1 PIN (on Polygon) must migrate their tokens into the PIN Network App within a strict six-month period. This involves creating a support ticket and providing their external wallet address for verification. This move aims to strengthen long-term stability and security, ensuring PIN operates reliably within its ecosystem.

The Pay It Now Web3 Mastercard is a fully digital virtual card designed to allow users to spend their digital assets. It can be used globally at any retailer that accepts Mastercard, offering broad utility. The card is compatible with popular mobile payment systems like Google Pay and Apple Pay, enhancing convenience for users. An additional, seamless KYC process is required for its issuance, managed by a third-party provider. Currently, it is only available as a virtual card, with no physical option.