PAYPRO : The First Decentralized Bank Built
Have you ever heard the term PayPro ? In 2015 a new innovation was born named PAYPRO , this is an online tool for making payments in 25 currencies saving up to 90% on hidden bank fees. Paypro got regulated by the Financial Conduct Authority, raised two funding rounds of €750,000 in total and spent a little bit more than a year in the market. Paypro managed to process € 500,000 per month, which is not bad at all compared to the early beginnings of Kantox or Transferwise, for instance. From that experience, soon Paypro learned that the payments / banking industry was totally outdated. Thus, Paypro soon realized that Paypro had to make a step forward if wanted offer a truly disruptive value proposition and if wanted to change the industry. This is why Paypro started to listen to the market, talk with industry’s experts and do a lot of test and fail. And this is how created PayPro: the first decentralized bank built. So, In a future where Smart Contracts...