AMEPAY x Satoshi CLUB AMA Session 07 Jan 2020

AMEPAY x Satoshi CLUB AMA Session 07 Jan 2020

AMEPAY is a cryptocurrency-based payments alternative that is fast, convenient and secure.

PART 1. Introduction of AMEPAY project and community questions.

Hello, Satoshi clubbers. Today’s AMA about AMEPAY. This is a cryptocurrency-based payments alternative that is fast, convenient, and secure. AMEPAY eliminates the complexity, high-costs, and delays that are familiar to the present system and replaces it with a simple, affordable, and quick network.

The plan of AMA session:

  1. Part – Introduction and preselected questions.
  2. Part – Live questions
  3. The Quiz about AMEPAY

The reward pool is 500$

Leading the AMA our clever and fun admins:

Mary | Satoshi Club – @madamlobster and Gold Rocket | Satoshi Club  – @GoldRocket27

The Representative of the project:

Kamalakannan Venkatraman – Co-Founder and COO of AMEPAY

Introduction of AMEPAY project

Gold Rocket | Satoshi Club:

Hi everyone, welcome to another episode of our AMA series!

Mary | Satoshi Club:

@kamal_v you are welcome 😀

Gold Rocket | Satoshi Club:

@kamal_v welcome to Satoshi Club!👋

Mary | Satoshi Club:

Hello🤣

Gold Rocket | Satoshi Club:

Hi there! Merry Christmas🎉

Serg | Satoshi Club:

I’ve messaged @kamal_v   Waiting for the update

Mary | Satoshi Club:

That’s great😀 we are patiently waiting 👍

Serg | Satoshi Club:

He is joining now, @kamal_v, welcome

Kamalakannan Venkatraman:

Hi Serg. Sorry for the delay.

Gold Rocket | Satoshi Club:

Welcome to Satoshi Club👋

Mary | Satoshi Club:

Hello, everything is ok 👍 we are happy to see you here!

Kamalakannan Venkatraman:

Hi glad to be here for the AMA in Santoshi club….

Mary | Satoshi Club:

So, let’s start🚀

Mary | Satoshi Club:

Please, introduce yourself to our community and of course, tell us more about AMEPAY 😀

Gold Rocket | Satoshi Club:

We are very glad to see you too!

Kamalakannan Venkatraman:

Myself Kamalakannan Venkatraman, Co-Founder and COO of AMEPAY

Mary | Satoshi Club:

When did you found AMEPAY? As I know you have experience in the traditional payments industry, tell us why did you decide to start with crypto payments?

Kamalakannan Venkatraman:

We are into Point of Sale (PoS) Software firm existing for more than 4 years…The name of our software is AMEPOS.

We see that there are many challenges and middlemen fees existing and hence Merchants end up with huge fees…

Currently, we have 2500+ merchants as clients using AMEPOS software and we have developed our own payment system AMEPAY Blockchain-based.

Mary | Satoshi Club:

Great! We have a question about this from our community.

Kamalakannan Venkatraman:

In AMEPAY Payment system the transaction costs will be the least and our own chain can process 300,000 transactions per second. Yes, please.

Mary | Satoshi Club:

Wow! That’s fast.

Gold Rocket | Satoshi Club:

Very nice. You have something to be proud of 👍

Mary | Satoshi Club:

Sure, we will have it a bit later, but now we can start with the first question 🚀👍

Kamalakannan Venkatraman:

Yes proceed plz.

Preselected questions about the AMEPAY project.

Gold Rocket | Satoshi Club:

Q1 from Telegram user @konditer_rolex

To use AMEPAY, the store must install only software? Or do they need additional equipment? Do you negotiate with large fast-food chains or gas stations? If they need equipment, who will produce the equipment with your software, and how much will it cost to those who want to install it?

Kamalakannan Venkatraman:

Mostly all Retail and F&B industries use the PoS software for Billing and Inventory…It’s a must for all Retail chains…

We provide AMEPOS cloud PoS + E-commerce website + AMEPAY payment system for a monthly subscription of $20…

The hardware will be already existing with the Retail…Our PoS will be working on Windows, Android, and iOS…

We will revolutionize the payments in Retail and F&B…The transactions made in our payment system will be rewarded with Cashbacks…

Product Live Demo above

Mary | Satoshi Club:

Yes, I saw this video! It seems it working fast and simple.

Kamalakannan Venkatraman:

Yes.

Mary | Satoshi Club:

How much cashback do you plan to give to your users?

Kamalakannan Venkatraman:

Users get 2% and Merchants get 1% on every transaction…Everyone in the AMEPAY ecosystem will be rewarded.

Mary | Satoshi Club:

Its cool👍 Cashback will be in AME? Or there’s a choice?

Kamalakannan Venkatraman:

It will be in AME

Gold Rocket | Satoshi Club:

That sounds good👍

Mary | Satoshi Club:

Thank you for your answers, ready for the next question?

Kamalakannan Venkatraman:

AME is trading in Bithumb Global and Bkex Exchanges. Yes ready.

Gold Rocket | Satoshi Club:

Q2 from Telegram user @Xusuo

 There is an interesting statement on Amepay telegram that Amepay will change from Ethereum Blockchain into another Blockchain because of high fee issue from ETH. So what Blockchain will you use in the future? When will Amepay implement it?

Mary | Satoshi Club:

Congrats with listings🚀

Gold Rocket | Satoshi Club:

Congratulations🎉

Kamalakannan Venkatraman:

AMEPAY own chain is completely developed and we are launching in Q1 2021…

Our chain will process 300,000 TPS and the transaction cost will be the least…As we are in Retail and F&B the transactions we want to migrate very fast…

Mary | Satoshi Club:

Oh, you choose the right time, ETH fees are annoying now😀

Gold Rocket | Satoshi Club:

Speed and environmental friendliness! it is very important!

Kamalakannan Venkatraman:

Yes right…

Mary | Satoshi Club:

You will have to swap? From erc20?

Kamalakannan Venkatraman:

Yes, automatic swap from ERC-20 to our own chain…for AME holders in decentralized wallets need to swap manually. Our exchanges Bkex and Bithumb Global also support us in the swap.

Mary | Satoshi Club:

Easy and fast as everything you did👍

Mary | Satoshi Club:

Ready to proceed?

Kamalakannan Venkatraman:

Yes

Gold Rocket | Satoshi Club:

Q3 Telegram user @reinleoken

How have AMEPAY gone about global adoption of the POS? Is it something that we in Africa can make use of? How do we get the POS? What incentives are offered to users of the POS service?

Kamalakannan Venkatraman:

Our PoS package will be available on the website…It’s a licensed product…any merchant from anywhere in the world can download and start using it…

Our package contains Cloud PoS AMEPOS + E-commerce website + AMEPAY Payment integration for a monthly subscription of $20

The video guide for using it will be available.

For the transactions made in our ecosystem, the Merchants and the Users will be receiving the Cashbacks and the Merchants can earn more than what they pay us

Gold Rocket | Satoshi Club:

Thanks for the great answer! Would you like to add something or move on to the next question?😉

Mary | Satoshi Club:

Do you already have some merchants from Africa, ready to use AMEPAY?

Kamalakannan Venkatraman:

Currently, we have Merchants/Clients in Malaysia, Singapore, the USA, India. We are expanding to all Asian countries and other markets. We are starting to implement the tech in Brazil, through our payment partner FacilitaPay.

Mary | Satoshi Club:

Got it👍 nice geography! Ready to proceed?😀

Gold Rocket | Satoshi Club:

What about Europe? Are you planning this market?

Kamalakannan Venkatraman:

Yes also into Europe…

Gold Rocket | Satoshi Club:

Thanks! Next question?

Kamalakannan Venkatraman:

Yes, please.

Gold Rocket | Satoshi Club:

Q4 from Telegram user @Arisabela

 Currently, AMEPAY has physical locations in the USA, India, Malaysia, Hongkong, and Singapore. I’m Latin and I think this side of the world is still in diapers about finances and payment methods. Would you bring AMEPAY technologies and products to L.A.? Which will be the new AMEPAY’s location?

Mary | Satoshi Club:

A lot of geographies today😀 everyone wants AMEPAY.

Gold Rocket | Satoshi Club:

😁👍 Yes!

Kamalakannan Venkatraman:

The reason for setting up the office in the USA is to expand our operations to the entire US markets… Our tech is much required and loved by the US Merchants as it adds more value to them…

Mary | Satoshi Club:

What about regulations in the USA?

Kamalakannan Venkatraman:

We have a company incorporated in the USA in Wyoming and our legal team in the USA is working on it. As we are the payment system we will get regulated easily.

Currently, we have an office in Wyoming, the USA we will have more offices shortly…preferably in New York and L.A

Mary | Satoshi Club:

State by state😀

Gold Rocket | Satoshi Club:

By the way, you have an international team. do they work remotely?

Mary | Satoshi Club:

Oh, that’s great 👍

Kamalakannan Venkatraman:

Yes

Gold Rocket | Satoshi Club:

Thanks! Ready for the next question? 😊

Kamalakannan Venkatraman:

Yes

Gold Rocket | Satoshi Club:

Q5 from Telegram user @KeymerS

In particular, payment through the biometric system is my favorite, since it is much faster and more effective than others, will these AMEPAY means of payment be faster than biometric?

Kamalakannan Venkatraman:

AMEPAY is more advanced than Biometric payments…and secure too…

Our payment system takes 1-2 seconds for the transactions to complete and we are incentivizing everyone in our ecosystem.

Gold Rocket | Satoshi Club:

Thanks for the answer! By the way, please tell us more about the mobile applications. What features does it have? Do you personally use it?😉

Kamalakannan Venkatraman:

Yes AMEPAY is the mobile application available in the Android Play Store and iOS App Store.

The payment can be made through our AMEPAY wallet App

Our app has features of Sending, Receiving and Staking AME….we will have more features in near future like exchanges services

Mary | Satoshi Club:

Staking in the app always attracts😉 And ready for the 6th and last question from this part?

Gold Rocket | Satoshi Club:

Thanks for the answer👍

Kamalakannan Venkatraman:

We have an advanced option in App for staking AME from Decentralized wallets too. And it will be released in a couple of days.

Gold Rocket | Satoshi Club:

Don’t forget to share with Satoshi Club when this happens! So, can we proceed?

Kamalakannan Venkatraman:

Yes.

Gold Rocket | Satoshi Club:

Q6 from Telegram user @Pratze

Amepay already exist for eCommerce business for around 4 years also already have 2500+ merchant. So could you please tell me the reason Amepay create an $AME token? What is the vision and mission of the $AME token?

Kamalakannan Venkatraman:

AME token will be the primary currency in the AMEPAY blockchain…The transactions will happen in the AMEPAY payment system

Mary | Satoshi Club:

So, users will pay only in AME or they can choose another crypto?

Kamalakannan Venkatraman:

We can’t rely on any other currency for scalability issues.

Kamalakannan Venkatraman:

Only in AME for now

Gold Rocket | Satoshi Club:

everything is clear to me! share useful links with our community before we open live chat😊😉🚀

Mary | Satoshi Club:

Yes, when I was looking at your video I thought what would happen now if someone will decide to pay with eth🤣 Speed and commission will impress, but in a bad way🤣 Thank you for making our lives easier, hope to see AMEPAY everywhere soon.

Kamalakannan Venkatraman:

Users and buy AME and Stake in Bithumb Global for 300% APR

AMEPAY bithumb

Mary | Satoshi Club:

It’s a really important day today👍

Gold Rocket | Satoshi Club:

Wow! It’s amazing!👍

Mary | Satoshi Club:

Wow, Satoshiclubbers! Do you see this🎉

Kamalakannan Venkatraman:

We are partnering with Korean giant ICO Pantera and listing in MXC exchange this month…Also, we are waiting for the approval to list in the Top 3 exchange by Feb

Mary | Satoshi Club:

MXC is a very good choice!🚀

Mary | Satoshi Club:

More exchanges, more users👍😀

Kamalakannan Venkatraman:

Right…we will have huge liquidity…

Gold Rocket | Satoshi Club:

Thank you very much for the great answers! Are you ready to live questions? @kamal_v 🚀

Mary | Satoshi Club:

The only moon now🚀

Kamalakannan Venkatraman:

Yes.

Mary | Satoshi Club:

Let’s go 🚀

PART 2.Questions about the AMEPAY project from the live chat of the telegram community.

In this part, we open a chat for the crypto community for 120 seconds. Then the guests from the AMEPAY project choose the top 10 questions. The 10 crypto enthusiasts have earned cryptocurrency in the sum of 100$.

Q – 1 from a telegram user @Joseunda

AMEPAY could be an alternative for countries with hyperinflation like Venezuela, that is, could it enter markets where the country’s original currency is almost unusable?

Kamalakannan Venkatraman:

We can enter any country which is inflated or deflated.

Q – 2 from a telegram user @KhaleesiTheCryptoLady

I want to hold $AME for future use in buying my wants and needs. Where is $AME token currently listed, where can I buy it? Thx.

Kamalakannan Venkatraman:

AME is listed in Bkex and Bithumb Global.

Bkex link: https://www.bkex.com/trade/AME_USDT

Q – 3 from a telegram user Deleted

DELETED

Kamalakannan Venkatraman:

We plan to have 2 million merchants within 2022 and have $50 million in revenues.

We will utilize 20% of our revenues to buyback tokens and burn them

Q – 4 from a telegram user @Unknown_Mark

Is it possible to see AmePay in Arabic Countries ?
For me I live in UAE and there isn’t a lot of merchants here , hope we will see some AME Merchants there?

Kamalakannan Venkatraman:

Yes sure…our regional manager is from Dubai and a team is working for on-boarding Merchants…

The integration starts from this month…Within 3-4 months, we will expand

Q – 5 from a telegram user @Unknown_Mark

What is the benefits from investing in your currency ? There are more than 1000 currency in crypto market , why should I choose yours?

Kamalakannan Venkatraman:

Our tech is live and currently used…The AME has real time utility for payments and transactions in our ecosystem…

The company has a strong revenue stream. For long term holders, it is a wonderful opportunity to get involved and grow together

Q – 6 from a telegram user @Poponchi

About the Project of Amepay, actually, we have a lot of Defi projects fighting to survive. What is the strategy for this project to win liquidity and survive for years?

Kamalakannan Venkatraman:

Real time utility and more Merchants in AMEPAY ecosystem is more than enough to survive in the market… We are already achieving it.

Q – 7 from a telegram user @Unknown_Mark

Is there any upcoming partnership with other big projects? From my view, I see the project without a massive partnership is useless!?

Kamalakannan Venkatraman:

We will have more partnerships with leading payment houses…Facilitapay, Brazil is a partner for the South American market. We are still inking a deal with major players and the announcements will be made shortly

Q – 8 from a telegram Deleted user 

Question was disqualify

Kamalakannan Venkatraman:

Buy and hold AME and stay with us for massive growth…we are a real product based company with results already achieved.

Q – 9 from a telegram user @NaufalRf6

DAMN! people are in AMEPAY Euforia right now!
since the announcement of $AME listed on Bithumb, all people are talking about your project in every crypto group I’ve visited. That means Crypto enthusiast is really excited and very appreciate The Amepay Team hard work 👍

So, What your next move then?
BINANCE, HUOBI, or OKEx?

Kamalakannan Venkatraman:

hank you so much..Looking forward for the support and let’s grow together.

Q -10 from a telegram user @araceley

How many exchanges is $AME presently officially listed and traded on?

Kamalakannan Venkatraman:

Bithumb Global and Bkex…Many more exchanges in Jan, Feb, and March.

Q -11 from a telegram user @HaPPy7ChappY

Best of luck to you. So if you want to go fast, go alone, but if you want to go far, you go with your partners, so with Your Project which partners will promote and help Your Project reach and achieve the project’s goals?

Kamalakannan Venkatraman:

A community like the Satoshi club can promote and reach us to as many people.

Q -12 from a telegram user @Toanle1219

As you claimed on your website, AMEPAY offers users get 300% APR with a locking period of 60 days, so how do you make it sustainable and profitable for AMEPAY?

Kamalakannan Venkatraman:

Yes, we have 30% of the total tokens allotted for rewards.

Q -14 from a telegram user @hieulaptop

What is the greatest benefit of the user of AME?

Kamalakannan Venkatraman:

Cashbacks/rewards, fast transactions in a secured way.

Q -15 from a telegram user @Poponchi

What if I bring my friends to invest and use Amepay App, Are there rewards or benefits that i can receive?

Kamalakannan Venkatraman:

Contact our admin: @Gale_india he will help out.

Kamalakannan Venkatraman:

Part 3 – Quiz about project

In the final part, we tested the knowledge in terms of the AMEPAY project. They’ve prepared 4 questions for this part, so everyone could be a part and answer. Participants had 10 minutes to answer. 300$ was distributed between the winners.

Our contacts for more details: 

  English Telegram group  |  Russian Telegram group   |  Spanish Telegram group  |  Telegram Channel   |  Twitter |  Website 

Our Crypto Partner by this AMA: AMEPAY

Telegram group  |  Telegram Chanel  |  Tweeter  |  Website  |  AMEPAY Blog  

Leave a Reply

Your email address will not be published. Required fields are marked *