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An introduction to DIMPAY

DIMPAY is a payment platform based on a NEM blockchain technology, which is specialized in fast and secure online financial transactions.

DIMPAY offers an affordable and instantaneous method of payment, and also an error-free environment for online monetary transactions. This platform facilitates peer to peer, business to business, consumer to business and business to consumer transactions.

The ecosystem of the DIM world

The DIM Ecosystem encompasses the DIMPAY platform and the elements from which it is made from. DIMPAY is composed out of DEPOTWALLET, its mobile version and the DIM Debit Card. These components allow the user to make secure online transactions involving cryptocurrencies and their digitized assets from all over the world. The DIM Ecosystem is accessed through the combined forces of the HYBRID Sock Exchange and Wise Consulting Ltd.

WISE consulting Ltd.  is a wise-exchange that enables the trading of fiat currencies for DIM currencies, which occupies itself with transfers from the DIM accounts into the user’s bank account.

HYBSE (HYBRID Stock Exchange) is an online platform that permits stock exchanges which is of great help for small and medium enterprises (SME’s) to reach and access international capital.

DEPOTWALLET- your virtual wallet

DEPOTWALLET has been developed to act as a virtual wallet which lets the user buy, sell, hold and manage their cryptocurrencies and digitized assets.

The mobile DEPOTWALLET is basically the same as a DEPOTWALLET, but is a mobile app. This app will be released first as a beta version for initial testing, and then future updates and upgrades on the software’ s security will be implemented. The user can have access to HYBSE through a Business account.

DIMPAY’s Debit Card

Debit card holders will be able to change their DIMCOINS into DIM Currencies, and then make purchases of goods and services in brick and mortar shops, and in online shops.

Private accounts

The Private account has been designed to offer the user full control over his account. He will be able to oversee and manage his cryptocurrencies and crypto assets as he sees fit.  The user will also be able to make payments anywhere and anytime, while being independent of the need to use physical money, which will greatly reduce the chances of theft.

The primary functions of the private account are that you can:

  • engage in point of sale payments,
  • engage in carrier payments,
  • view and manage the funds and the cryptonized assets in the DEPOTWALLET,
  • make everyday transactions like sending remittance,
  • stand orders of recurring payments such as rent and insurance,
  • perform direct debit procedures (creditors deduct the amount directly from the DEPOTWALLET account),
  • get guarantees (such as those issued by the bank to a creditor).

There can be added additional functions at this stage of development.

Business accounts

The Business account will cater to the need of those interested or already active in the business sector.  This account will let business users to observe and manage their funds and transactions.  They will have complete authority over the management of their customers’ shopping and checkout history. This account will send them notifications when payments have been finalized and credited in their account. The various billing options will interest many business merchants and it will probably expand into different professional fields.

Other features include:

  • Checking the balance and funds available in the account
  • Tracking the income and expenditure from the account
  • Creating an invoice
  • Statement of financial positions (such as a balance sheet, cash flow)
  • Receiving invoice status updates
  • Making salary payments
  • Making expense payments

DIMPAY ICO release

For the complete integration in the DIM Ecosystem of DIMPAY, there are still required more funds to help this development process. This approach is a chance for DIM TOKEN and cryptocurrency holders to help the integration of this new concept that is DIMPAY into the DIM Ecosystem. This initiative could lead to the growth of DIMCOIN.

The ICO (Initial Coin Offering) will be launched by DIMPAY starting with the 7th of December and it will last up until the 18th of December. The maximum target is 1,500 BTC (Bitcoins).

There will be bonuses available:

  • 25%(35% for those using NEM cryptocurrency) date: 4-6 December
  • 10%(20% for those using NEM cryptocurrency) date: 7-12 December
  • 5%(15% for those using NEM cryptocurrency) date: 13-18 December

The minimum purchase per person is that of 1 DIMCOIN. There is no maximum purchase limit.

The accepted cryptocurrencies for this launch will be Bitcoin, Ethereum, NEM.

The obtained funds from this coin offering will be used to improve sectors of the DIMPAY environment. Marketing will get 30% of the funds, software development and engineering will receive 25%, structure development also 25%; legal & compliance and operational & administration both get 10%.

Aside from funding various areas in the DIMPAY platform, this ICO is sure to increase the platform’s popularity and further uses.

Posted by Tom Clancy