TokenPay (TPAY) might be ranked below the top 100 list as well as seen in a decline by -5% against the fiat in the period when the majority of top cryptos are going up; however, this “small” cap cryptocurrency has big plans.
TokenPay might be best known as one of the greatest supporters of Verge (XVG) during their first crowdfunding campaign upon acquiring a deal with MindGeek which brought them to Pornhub and millions of users as one of the available payment methods.
Furthermore, TokenPay, later, announced that they are planning on buying shares in a German bank in Munich which should allow them to issue crypto-charged cryptocurrency debit cards.
Litecoin (LTC) and TokenPay (TPAY) later on made an agreement set to purchase the shares in the mentioned bank, also having Litecoin as one of the first cryptos to get their own debit card with TPAY.
TokenPay went further than representing a mere supporter of other blockchain-based projects, also launching a crypto ATM in Europe, as well as working on improving their decentralized trading platform, called eFin.
TokenPay (TPAY) Has Some Big Plans with e-Commerce Merchant Platform
TokenPay seems to have come up with a new project that might take TPAY to a more “serious” ranking spot on the global list of trading currencies.
The platform has presented their plans for Q4 which includes the arrival of e-commerce merchant platforms which is described on the official website of TokenPay as “the world’s most secure coin and payment platform.”
The initial merchant platform that ought to be launched soon by TokenPay is said to be released during the last quarter of the current year.
The platform is said to support fiat as well as Bitcoin (BTC), Litecoin (LTC), TokenPay (TPAY), and Ripple (XRP).
The team is expecting to see major financial activity on the platform once it is officially launched, also adding that this financial ecosystem would bring “the most advanced merchant tools and technology in the market.”
The new e-commerce platform that the team is set to launch in the next two months by the end of 2018, could even bring some security in the market when it comes to skyrocketing TPAY to a more flattering ranking.
TokenPay is waiting for Binance to Respond to Their Application
In one of the announcements on Twitter shared by the TPAY team on November 3rd, TokenPay stated that they have submitted their proposal for getting a listing on Binance.
The submission was sent several months ago and the team is expecting to get a positive answer soon.
Binance is one of the biggest exchanges in the crypto market and the addition of TPAY to the list of live trading coins on this exchange would have a tremendous effect on this currency in the market as its visibility would significantly increase.
TokenPay: Crypto Debit Cards to Arrive in 2019, Verge (XVG) is First in Line
Within the same announcement where the team stated that the e-commerce merchant platform is arriving in Q4 of the current year of 2018, one of the followers under the username “CryptoGuru,” asked whether the new platform “is a fairytale like the debit cards.”
TokenPay responded by stating that the crypto-charged debit cards are definitely going to happen. The team representatives further added in their reply that the debit cards would become an option once the partner bank is fully acquired through the purchase of shares.
It was further stated that this acquisition is planned to be completed in the following year of 2019, which should further contribute to the expansion of their platform.
Through an agreement made months back, TokenPay stated that Verge (XVG) will be the first currency to get their crypto-charged debit card, while Litecoin (LTC) will follow up right afterward as a crucial part of the acquisition plan.
More cryptocurrencies should get their debit cards, showing that although TPAY makes up for a small cap crypto by its ranking, TokenPay surely has some huge plans, not only for TPAY adoption but for the adoption of cryptocurrencies in general.
CryptoGuru further continued with questions within the same thread on Twitter asking if the team have squired large stakes in the bank.
TokenPay stated within their reply that the team is working on regulations in order to get an official approval, for which the team obviously needs to stay discreet for now.