Just one account needed to start using all the PointPay products.
Additional information PointPay Team has created a course of educational video tutorials for beginners to make crypto mass-adoption happen. While they are normally intended as payment methods, actually spending cryptocurrency is no easy task, especially when the vendors accept only FIAT payments. PPPS solves this by integrating with payment providers and leveraging its own cryptocurrency exchange service.
What happens behind the scenes when you swipe your card or touch the point of sale terminal with your phone while buying goods?
We will add just one more simple step for you to this sequence and you will be able to use your crypto assets in brick bitcoin payments ecosystem market mortar stores, ATMs and even at online shops!
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The PointPay Wallet A cryptocurrency wallet is a software program that stores private and public keys and interacts with various blockchain to enable users to send and receive digital currency and monitor their balance.
If you want to use Mike hearn bitcoin or any other cryptocurrency, you will need to have a digital wallet. Security Cryptocurrency transactions occur all the time.
Most of those transactions are done in small amounts such as small purchases and payments to merchants. On the other hand, large money transfers are a lot more seldom and require better security and validation.
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This is where the concepts of Hot and Cold wallets in the cryptocurrency space come from. They, however, offer a higher speed of execution and availability.
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In the PointPay system, only a small amount of funds will bitcoin payments ecosystem market kept in HS. Regardless of this fact, this does not mean that the funds in those wallets will not be monitored. They are not constantly connected to a network and require an SV interaction with the cold storage in order to approve a transaction.
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Using HS requires extra commissions and makes large-amount transactions slow and not user-friendly. What happens if the user wants to manage his money in a fast and secure way, even without supervision?
If this is done, every transaction afterwards must be confirmed with a special payment password. All of the user's secure-sensitive data will be encrypted with this password.
Even if another person has full access to the PointPay system, they still cannot decrypt this data. In the event where the user loses his payment password, it will be recoverable, by passing an extended verification procedure.
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So what is PPM? Private key from this public key is stored in cold storage, access to which granted only to SV.