Paymasters Group purports to enable “secure, instant and nearly free global financial transactions of any size with no chargebacks.”
Crypto-currency is based around a shared, public database or ledger, which uses a consensus process that allows for payments, exchanges and remittance in a distributed process.
Paymasters Group accepts coins or tokens representing fiat currency, crypto-currency, commodity or any other unit of value such as frequent flier miles or mobile minutes.
Convert your value into crypto-currency and move it anywhere you want!
Crypto-currency is a service for anyone making a “cross-border” payment.
Example: With real-time settlement and no foreign exchange fees, a firm in Mexico looking to make a purchase from China would select this service.
Crypto-currency is a medium of exchange using cryptography to secure the transactions and to control the creation of new units. Crypto-currencies are a subset of alternative currencies, or specifically of digital currencies that use decentralized control as opposed to centralized electronic money/centralized banking
Decentralized cryptocurrency is produced by the entire cryptocurrency system collectively, at a rate which is defined when the system is created and which is publicly known. Now corporates, families, sovereigns or others may literally control the supply of currency they own and use.