aXpire introduces new cryptocurrency payments app – PayBX

aXpire introduces new cryptocurrency payments app - PayBX

aXpire, a financial technology software solutions company, has announced the forthcoming launch of PayBX, its new cryptocurrency payments application for iOS and Android.

The app is a custodial wallet that allows its users to spend crypto with their existing bank-issued debit cards, while also providing features for cashing in and out of crypto, swapping between supported cryptos, earning interest on select crypto holdings, and sending feeless payments to friends, family and merchants also using the PayBX application.

What Makes PayBX Different?

PayBX aims to take a different approach to mainstream crypto payments, avoiding the need for another card in a user’s wallet. There’s no PayBX debit card. Instead, users can connect their existing bank-issued cards, both debit, and credit, into the application. Then, whenever a transaction is made using that card, PayBX will recognize it — and if enabled — will sell an equivalent portion in crypto and deposit this into the user’s bank to cover the cost of the transactions.

As a custodial wallet, PayBX users don’t hold the keys to their wallet, yet this means newcomers to crypto don’t need to know the details of web3 while paying expensive fees unless they’re operating on layer-2 or a less adopted blockchain — either option still requiring extensive knowledge of the crypto industry.

“We don’t pretend to be disrupting the industry. Our goal is to provide a reliable, easy-to-use application that simplifies crypto payments, improves users’ ability to get into crypto, and earn interest on their crypto holdings by putting it to work, and that paves the way for broader adoption of this nascent technology.”
– The aXpire Team

Core PayBX Features

The main features of PayBX can be seen below, with these comprising the core functionality of the application for the first version and public release.

Feature Roadmap

After the initial release of PayBX, aXpire plans to improve on the features offered within the app. Check out below some of the future planned upgrades:

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