PayCoin Aims to Save the Day
Bitcoin, litecoin, altcoin, dogecoin, darkcoin... And now here comes PayCoin, announcing its new cryptocurrency for worldly use in the digital arena... ... And alongside the new currency comes Paybase, the platform that serves as the batteries to PayCoin's remote-controlled car. Paybase allows customers to transfer their PayCoin into bitcoin for the purchase of goods and services. Supported by major investment backing, PayCoin claims to be user-friendly and simple enough for those brand new to the digital currency universe. With topics such as mining and staking made easy for PayCoin....
Related News
It has been a tough couple weeks for GAW with a $350,000 lawsuit and now an announcement that it and its cryptocoin, Paycoin, has changed from its original iteration. According to a new whitepaper that is being circulated, Paycoin has entered a new stage where it leaves the hands of GAW and is now being held by a consortium of organizations. "The fate of Paycoin is now in the hands of every person and organization that hold coins. With this newfound freedom, we want to exercise our rights to make Paycoin the people's money and do what is necessary to help the coin thrive," the Paycoin....
Instant altcoin exchange ShapeShift.io chose to remove PayCoin from their platform. Today, altcoin exchangeShapeShift.io formally removed PayCoin (XPY), GAW CEO Josh Garza's controversial altcoin, from their list of accepted coins. Citing PayCoin's (alleged) broken promise to buy PayCoins at $20 each, ShapeShift considers PayCoin a fraud. Also read: Coin-Swap Retires Some Altcoins. PayCoin Delisted from ShapeShift.io. ShapeShift made the announcement in a Reddit post. They explain that they originally added the coin due to customer demand but decided to remove it after allegations that....
PayCoin-the much-hyped altcoin developed by GAW's Josh Garza-launched on December 12 to much fanfare and a highly-questioned top-tier market cap ranking. However, the PayCoin price has plunged since December 29, perhaps in part due to the recent PayBase security issues, as well as confusion about the full functionality PayBase's Amazon integration. Also read: Josh Garza Speaks On PayBase Launch With Amazon Shopping Using PayCoin. PayCoin Price Plunges. Scores of altcoins launch each month, and most receive little attention. However, PayCoin is one of those rare altcoins with enough funding....
The much-anticipated launch of PayBase is happening on 12/30/14. This launch follows the launch of PayCoin by GAWMiners. PayCoin launched with a roar drawing in excess of 40 to 50+ peta hash of SHA-256 mining power, the same type used in Bitcoin. Now moved into the POS (Proof of Stake) phase of maintaining the network the next step in its platform PayBase is going live. PayBase is a platform for trading PayCoin, exchange symbol XPY, as well as a portal for much more. CCN was able to speak with Josh Garza on the PayBase and PayCoin launches to go over what to expect. Also read: Josh Garza....
Recent news has seen a lot of turbulence surrounding the launch of Paycoin and its progenitor, GAW Miners CEO Josh Garza. A polarizing argument has arisen over the value of Paycoin, the Peercoin fork which many feel has too many promised deliverables to be real. At issue, is the perceived value of Paycoin. In a Google Hangout a few months back, Garza promised that PayBase would make it difficult for the price of Paycoin to dip below $20. Since Bitcoin traded under a dollar until February 2011, to many this seemed ambitious in the best light, but the nature of value is in the belief....