Decentralized Finance (DeFi) and Blockchain Technology; Interview with Christiaan van Steenbergen, founder of PayAccept


PayAccept is on a mission to change how we interact with blockchain technology and traditional finance by bringing digital wallet management to the masses. The founder of PayAccept will be sharing more details with us in this exclusive interview with TechBullion.

1) Please tell us more about yourself.

I’m Christiaan van Steenbergen, founder of PayAccept and I have already been for 15 years in business and had several companies in fintech, telecom, and software development. For 5 years, I’ve been in the cryptocurrency market and have a strong focus on DeFi projects, in which I believe will create the bridge between traditional and decentralized finance.

2) What is PayAccept? 

PayAccept is a decentralized finance (DeFi) and blockchain technology company headquartered in the Netherlands that offers its client cryptocurrency and fiat payment processing, financing, loans, credit issuances, and risk management services. In a nutshell: we make it easy for everybody to create a decentralized wallet for coins and tokens, which can be used in the physical and digital world by spending them in shops and e-commerce platforms.

3) What are the significant features and services provided by PayAccept, and how do they work? 

It is a new platform intended to provide an all-in-one non-custodial storage wallet offering support for different cryptocurrencies. It may sound familiar, but the PayAccept portfolio will integrate high-quality security, cold-storage, and allow users to trade between different crypto assets on various blockchains in one scoop using a sleek interface. The wallet can contain and support all cryptocurrencies, including significant coins such as Bitcoin, Ethereum, Ripple, and many more. We aim to launch the platform with over 50 cryptocurrencies. 

PayAccept is the first wallet which will integrate the Raiden network, to execute instant CEX-like transactions, while running as a DEX and swap assets between users.  

This feature is much needed in the market since old blockchains are slow and can only handing a few transactions a second. Besides this exciting technology, we are making it possible to:

* Link your bank accounts for fiat withdrawals, depositing cryptocurrencies, and fiat without worrying about how you should do this.

* Use a familiar interface that notifies you instantly of any incoming and outgoing transactions made on your asset’s balance.

* Get relevant detailed information on a daily, weekly, and monthly base

 * Use Cold Storage, definitely a must for every multi crypto-wallet, to ensure your funds are safe.

* Release private keys for Non-custodial wallets, an essential aspect of an individual wallet application that every platform should have.

4) What is the market size for services and products like PayAccept, and how big is the demand? 

The majority of the world, both individual and business, relies on legacy banking and payment systems for their financial activity. But these legacy systems can be impacted by the decisions of political leaders and central banks. Nowadays, if you want to open a business that is active in the cryptocurrency market, banks are refusing to do business with you. In some countries, you don’t even get access to a bank account. Without it, you cannot be active in the global financial system. Gladly, blockchain and decentralized finance are making it possible to give these businesses and (the unbanked) people around the world access an excellent alternative platform.

5) What is so unique about the PayAccept terminal which you want to deploy? 

The PayAccept terminal works like a regular payment terminal. Normal bank cards are working, and credit cards like Visa and Mastercard are accepted. Still, besides that, we also enable vouchers, rewards points, and of course, our PayCards where users can pay directly in (online) shops. We also make it possible to download the payment terminal as payment as a service (PaaS) application. It allows you to make a full payment terminal from your phone and pay to each other with our app by using QR-codes. The payment terminal gives us more options since it has a card reader (NFC), but the mobile version will provide us with faster market adoption.

6) On PayAccept, you can stake your PAY tokens and mint new tokens into the market, how does this work? 

Yes, staking will start from September 1st. All holders of PAYT will get up to 10% annually on top of their holdings. For the big investors (over 45000 PAY), we have PayNodes, which will give a 50% annual. We have only a few slots left, so it’s only available to the early investors who are deciding fast. 

7) Are there any open opportunities for investors and partners at PayAccept?

For investors, PAY is a long-term investment. Since we are not the typical token, we give investors the possibility to convert their ERC20 token into ERC721 (to receive dividends from the company), at the moment we are getting the required licenses. It gives us the ability to trade security tokens and digitize company shares, like listing a Facebook token and pair it with BTC, Ethereum, or PAY (which can be used as cryptocurrency as well). Since we want to become the gateway between traditional and decentralized, we welcome other financial institutes and even banks to work together with us, with our technical knowledge we can build up a lot of blockchain-powered possibilities. 

8) Could you tell us about your team and customer support? 

Our team of ten full-time persons has a strong background in the blockchain and fintech market. All this expertise we are using to make incredible products and services for PayAccept. Our customer support is top-notch; they put themselves on a target to update users on a daily base when they run into an issue. We understand that newcomers are looking for information since it’s still a learning curve. Regularly, we are releasing blogs and articles to get a better sense of what PayAccept is doing.

9) How Safe is PayAccept, would you like to talk about your legal and security measures?

 PayAccept runs on top of the Ethereum blockchain as a decentralized application. This blockchain is already proving herself that it’s very secure. All wallets will have a unique identifier on the chain with recovery and private key. So all users have full control over their assets. The only side-effect is that if they lose the private key, the funds are lost. 

10) Do you have more information for our readers? 

PayAccept is a project in the long run. The team has proven itself to be already in the crypto space for almost three years. They survived the ‘bearish’ market and kept on going to deliver the project. Currently, the DeFi market is booming, but there are many ‘fake’ projects. If you want to invest, do your due diligence before investing. PayAccept is an established enterprise with a registered office in the Netherlands; also, PayAccept is a registered European brand name. At the moment, we are running our IEO on Exmarkets; link: The price per token is fixed at 0.40$. The initial circulation supply is 25M, in which 15M is on sale, 5M for the team, and 5M for marketing. All unsold tokens got burned. The current supply circulation is around ~875k. Yesterday we reached our soft cap of 100k$, and our next target is 2M$; this will ensure that we can operate and compete with existing players in the market.

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