I have two points of concern regarding PointPay, the first being the very serious issues with the scalability of the Ethereum network. You probably remember how it got totally congested because of the Crypto Kitties game - a simple game, while we are talking about a fully-fledged banking network here. It won't work until Ethereum 2.0 is launched and fine-tuned. The second issue lies in the immense opposition from central banks towards similar innovative solutions.
Aurora March 12, 2020 Reply
After getting a better insight into the issues with the Ethereum network, with all its scalability problems, time bomb, and clogging, I decided to disregard the fintech startups that offer the products on the basis of that blockchain. I reckon that Stellar, EOS, or even TRON, are far better platforms in the long run, though they are currently underperforming in comparison to Ethereum. That is why stopped reading the PointPay whitepaper after getting finding out on which blockchain they have built the three-faceted ecosystem.
Know1tAll January 8, 2020 Reply
When I first saw the introduction to the PointPay project, I was nothing more than skeptical. "Ah, here is another crypto bank that boasts about disrupting the financial sector - so boring," I thought to myself. But after getting a better insight into PointPay and its ecosystem, I have changed my mind. The team has already rolled out a functioning cryptocurrency exchange and digital wallet, which is uncommon for most ICO projects.
User120984 December 12, 2019 Reply
I wouldn't place too much hope in the platforms like PointPay that are built on the Ethereum blockchain, mainly because of its scalability issues, which are well-known throughout the crypto community. Sure, right now, Ethereum is one of the best solutions for the issuance of tokens and smart contracts. But pretty soon, the problems will begin to show, and they would be especially acute for PointPay and other finance-related projects because of a significant reduction of transaction speed.
NIcky J1 November 11, 2019 Reply
PointPay is merely the next one in the long line of blockchain projects that try to establish a foothold in the realm of online banking. None of them managed to achieve any sizable results, mainly because they fail to understand that people will keep distrusting such startups unless the proper regulatory framework will have been developed and implemented. Cryptocurrencies are a fun instrument for speculations, but they don't constitute the reliable assets, around which the global banking ecosystem should be built.
XeniaX October 12, 2019 Reply
PointPay has a large and competent team with a pool of reputable advisors; the financial plan and the roadmap implementation strategy appear solid, too. However, PointPay tries to serve the dish that we’ve seen on the menu many times before. Literally every month I stumble upon a project that claims to have developed the “first-ever” crypto bank that issues debit cards and so on. None of them were able to capture the attention of the global audience, and I see to prerequisites for PayPoint to be any different at that point.
Alonzo September 23, 2019 Reply
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