When we started to talk about fintech and starting up back on 2014 we always talked about creating a technologic bank. Though, neither our resources, nor our expertise were high enough in order to accomplish such an ambitious goal. For that reason, we decided to go step by step and create a payment tool.

Thereby, PayPro was born in 2015 as an online tool for making payments in 25 currencies saving up to 90% on hidden bank fees. We 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. We 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From that experience, we soon learned that the payments / banking industry was totally outdated. Thus, we soon realized that we had to make a step forward if we wanted offer a truly disruptive value proposition. This is why we started to listen to the market, talk with industry’s experts and do a lot of test and fail. And this is how we created PayPro: the first decentralized financial-marketplace built.

In a future where Smart Contracts will be used for many of our daily activities, such as using decentralized computer power, trading or insuring a car, we believe that banking is also going to be decentralized.

On the one hand, traditional banking services are being decentralized thanks to many initiatives coming from all over the world and being built over the Ethereum protocol — some of them can be tracked here: https:// www.stateofthedapps.com. In our perspective, all these applications need to be offered through a common platform same as iOS applications are offered in the AppStore, as otherwise the user experience diminishes.

On the other hand, users are going to need new forms of storing value due to the raise of smart contracts. All tokens coming from smart contracts and currencies need to be stored at the same place and hence, a new form of wallets need to be created. These wallets are meant to represent all the crypto-assets and liabilities of an individual.

As a result, if our marketplace manages to gather a universal crypto-wallet and a financial marketplace in the same place, we will have created the first decentralized financial-marketplace where users will be capable of storing and managing all their crypto assets, ranging from storing currencies, loans or investments.

If you want more info, please do not hesitate to visit our website on www.payproapp.com.