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Below is our recent interview with Daniel Cheine, CEO and the Founder of PTPWallet:
Q: Could you provide our readers with a brief introduction to CannaSOS?
A: CannaSOS is a social network that is specifically tailored to the cannabis industry. It was created back in 2014 with the sole vision of connecting all segments of the cannabis industry under one roof. Throughout the 4 years, the site was used by over 13,000,000 users and is currently used by over 1200 businesses (comprised of many different industries). The site has many features such as the Strains database, which allows users to read highly-detailed information on over 9,000 cannabis strains and is considered the world’s largest and most informative North American-based strain database, the News section which allows users to read cannabis-based news, a cannabis map which allows users to search for dispensaries, and much more.
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Q: You’ve recently finished development of PTPWallet after 11 months; could you tell us something more?
A: The PTPWallet was a very difficult platform for us to develop. We weren’t creating something like myetherwallet which can be developed in 2 days, we were developing a whole new animal. The whole project in general was developed specifically for CannaSOS, as an alternative to a payment processor. However, as the months went on and we saw the larger expansion of the crypto market, we started to ask ourselves; why should it only be limited to CannaSOS? Why not the whole cannabis industry, or better yet, why not all industries around the globe? And so we further developed it to comprise of many different features all which help bring together users that actively or passively use cryptocurrencies and businesses that either have cryptocurrencies in their business model or want to implement cryptocurrencies but are unable to find the right platform.
Q: Why do you consider PTPWallet a revolution?
A: The reason why we truly believe PTPWallet to be a “revolution” is because we provide users with the ability to send funds via Email, SMS, & QR Code, high-end security with the system asking for a Pin-Code – that only you know – every time you send a transaction, the ability for businesses to create loyalty programs and provide cashback to customers at the percentage of their choosing, look at an integrated Map to find all businesses which are within the PTP network, the ability for everyone to take part in the referral program and make money off of their referrals, the ability to generate multiple addresses for one currency, and much more. All of this being from one application that can be download on Google Play Store or on the Apple Store. However the most important aspect is that all funds that are sent and received within the PTP network are completely anonymous and are instant. Yes, 1-3 seconds instant.
Q: What makes you stand out from your competition?
A: By implementing so many features into the platform, while keeping it easy to use, we have greatly eased the pressure off of users and businesses when it comes to choosing the day-to-day crypto wallet. Other than just numbers, in regards to numbers of users, we currently have no competitors.
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Q: How many cryptocurrencies do you support currently? Any plans for adding new coins?
A: The platform currently supports 15 coins with plans on adding up to 20 coins and with the ability for users to manually add ERC-20 tokens. The web-based version is currently in development and is planned to launch sometime February. 2019 will primarily be a year for us to expand our userbase with a focus on increasing the number of businesses using the platform. In 2020, depending if we are able to reach the 500,000 users mark by end of 2019, we plan on pushing to small retail chains and integrating the ability to purchase and sell crypto for FIAT. There are of course more plans, but we will keep everyone updated as time progresses.
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