As seen during the world recession on 2007–08, banks hold all the information and hence, users can not take objetive decisions. For instance, when banks where selling toxic assets to their clients, clients had no other option but to buy as banks were advising to do so. And this happens every day with most services that banks sell; clients are not at centre of the relationship but banks are.

For that reason, we believe that current decentralized banks are not managing well blockchain as they just use it as mean to improve the technologic layer, but not to re-shape the relationship with users.

This is exactly what we are doing at PayPro, to re-imagine how banking could look alike. In order to do so, we believe that we can not centralize in our organization the offer of services, otherwise there is no guarantee for the user that we will only look after his interests.

Thereby, we have done the following;

PayPro will not offer any financial service. Instead of that, we will open the doors of our market place so any financial dApp can offer its services.

PayPro will not have any right to decide what dApp should be in and which one should be out. This is why we have built an amazing decentralized rating system that allows the community to rate dApps. More information on our rating system here.

If we accomplish this, the next time you look for an insurance or a credit, for instance, you could find +100 companies offering the service that you are looking for. Thus, we will make financial suppliers to struggle on improving their services so they can finally become the one you choose. At the end, we are creating an eco-system where competition is promoted, which results in better quality services for the user. Exactly the opposite of what currently happens with any form of bank, either traditional banks or decentralized banks (also called neo-banks and / or crypto-banks).

We like to think on PayPro as the AppStore, where the iPhone would be our wallet and Apps would be any dApp offering their services.