Place/Date: Switzerland - March 19th, 2019 at 6:34 am UTC · 2 min read
Contact: Mirjam Ruut, Source: Prepayway
People from different parts of the globe have an opportunity to contribute to the equity of the Swiss-Estonian startup using cryptocurrency. The self-hosted campaign brings together crypto backers and traditional crowdfunding contributors. Supporters will gain equity of the Fintech venture that plans to issue its own token, InBit.
PrepayWay is developing new technology for secure and risk-free transactions with new, unfamiliar business partners. At the same time, the PrepayWay technology focuses on the flaws of the existing transaction process: an obsolete document workflow management system is replaced by instant access to transaction information for all supply chain participants and remote signing of contracts.
The bureaucracy of contracting and payment procedures are replaced by an integrated money transfer service and risk management solution embedded in contracts. Lengthy litigation gives way to time and cost-efficient smart arbitration for dispute resolution.
PrepayWay combines the functions of lawyers, banks, escrow agents, and arbitral institutions and offers an all-in-one solution for international contracting, financing, payments, and dispute resolution. Just as smartphones have changed the way people interact and communicate by combining multiple functions in a single device, PrepayWay is changing the way businesses function.
The funds raised during the crowdfunding campaign will be used to develop solutions for international trade and real estate and a platform for diversification of international crowdlending. The contributors are offered equity in PrepayWay Systems Estonia OÜ, a subsidiary of the PrepayWay AG holding, that is developing the above-mentioned solutions. The roadmap can be seen on the company’s website.
The idea for PrepayWay was born in Switzerland, where computer science, banking, international business, and legal professionals came together to revolutionize business processes. Coming from a plethora of professional backgrounds, PrepayWays’ diversely experienced team is dedicated to creating an ecosystem that facilitates secure, swift, transparent commercial transactions, all while reducing transaction costs.
Disclaimer: Prepayway is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest