PayBito is a global intrinsic digital asset exchange. It provides white label crypto exchange solutions and has been allocated the top spot by leading reviews and rating websites. PayBito offers a list of products and services part from cryptocurrency trading. It is a product of HashCash Consultants.
HashCash is a global software company. HashCash Blockchain products enable enterprises to move assets and settle payments across borders in real-time for Remittances, Trade Finance, Payment Processing, and more.
HashCash runs a US-based digital asset exchange, PayBito & digital asset payment processor, BillBitcoins. HashCash offers exchange and payment processor software solutions, ICO services, and customized use cases. HashCash propels advancement in technology through Blockchain1o1 programs and its investment arm, Satoshi Angels.
HashCash offers solutions in AI, Big Data, and IoT through its platforms, products & services. HashCash solves the toughest challenges by executing innovative digital transformation strategies for clients around the world.
Tell us about yourself?
I am Raj Chowdhury, the Founder, and CEO of PayBito & HashCash Consultants.
I have pioneered the first interbank Trade Finance and Remittance implementation of Blockchain Technology between two of the largest global banks. I have been an eminent voice in the Blockchain and Cryptocurrency space and actively engage with policymakers in this area. I’m a contributor to Economic Times, Business World, CNNMoney and advocate blockchain adoption to industry leaders.
As the CEO of PayBito, my key role is to drive the strategic course of the organization, influencing the industry at large. I am in constant communication with my team brainstorming with them, ensuring that we stay updated to the market influences while keeping innovation central to all our solutions and services.
Apart from my operational engagement within PayBito, I actively take part in creating global standards for interoperability by engaging with the International Standards organization and other industry entities.
I also work with regulators globally to invent and create scalable architectures for businesses in the blockchain and crypto space to prosper. I believe that prosperity and advancement come with strategic alliances rather than competing with peers, especially in the world that we live in today.
If you could go back in time a year or two, what piece of advice would you give yourself?
To take it easy!
I’d been going top gear for a while before realizing that I’d made no significant difference to the company. That’s when I realized that it was also about making a contribution to the cryptocurrency sector that will translate into serious progress for the company. I needed to realize that things have their ‘incubation period’ and a technology shift cannot happen overnight.
What problem does your business solve?
Through its developmental and marketing endeavors, PayBito promotes blockchain technology and furthers digital asset-driven applications to their revolutionary outcomes.
PayBito – PayBito is a digital asset trading platform and mobile wallet service designed by HashCash Consultants. PayBito is a global crypto exchange offering basic and pro-trade, futures and CFDs. PayBito also offers crypto collateralized banking and loan platforms. PayBito also offers crypto exchange technology architecture.
PayBito offers a series of products and services:
- Basic Exchange – for beginners or novice traders
- Pro Exchange – for experienced traders to access all features and margin
- OTC – Over the counter trades in large volumes
- Futures – allows trading with higher bottom lines and hedge risks.
- White Label Crypto Exchange Solution – HashCash is a globally acclaimed provider of crypto exchange technology to institutional crypto ventures; allowing them to skip the task of designing a crypto exchange from scratch.
- Integrated Forex – Crypto exchange technology – PayBito pioneers integrating Forex with crypto in an integrated exchange. This enables Forex brokerage firms to allow crypto payment alternatives to their clients; utilizing the benefits of holding crypto at the same time.
- Gaming exchange – Allows specialized trading of gaming assets and other collectibles. PayBito also offers its technology solutions to institutional exchange collaborators.
- Real Estate exchange – This allows you to create a decentralized marketplace for tokenized real estate assets and facilitate seamless trading and investment of properties with advanced blockchain solutions. Blockchain-based real estate exchange is here to revolutionize the property industry. Starting from streamlining property transactions to tokenizing the same into digital assets, the distributed ledger technology has been instrumental in the reformation of the sector revolving around the world’s largest asset class.
- Reputation Exchange – Reputation exchange is a marketplace where celebrity reputations can be capitalized on and traded while promoting digital identity and a fun, fair online dialogue.
- PayBito Pay – A crypto payment processor that allows you to send and receive payments in crypto.
- PayBito Custody – Custodial solutions allow institutional investors to store large amounts of crypto in the security of hot or cold storage.
- PayBito Bank – A crypto collateralized lending platform.
Parent Company HashCash boasts of a string of flagship products that drive decentralization to the core financial processes:
- HC Remit – Blockchain-powered cross-border remittance platform used by Global Banks and the largest Currency Exchanges. This allows real-time reconciliation of transactions. HC Remit can be used to transact and record asset and currency movement across borders. It replaces traditional systems such as SWIFT and payment gateways with blockchain-enabled platforms for cost-effective, instantaneous, and auditable remittance transactions.
- HC Corporate Payment – Blockchain-powered corporate payment platform used for B2B payments. HC Corporate Payment provides you a platform for faster, secure, and transparent B2B Payments. It digitizes the end-to-end trade process and unites all involved parties on a single network to drastically cut down processing time.
- Billbitcoins – Billbitcoins, yet another HashCash product, is a crypto payment processor which allows instant and seamless transfer of select crypto accepting their risks.
- HC Net – HashCash blockchain network HC Net; enables enterprises to move assets and settle payments across borders in real-time using Blockchain technology.
- HCX – HCX is the native cryptocurrency of HashCash. This lightweight token enables easy transfer of funds from clients over HC Net.
HashCash Consultants constructs a unique integrated solution incorporating Forex with Crypto. The integrated forex-crypto exchange serves forex brokerage firms as much as it does institutional cryptocurrency ventures.
Similarly, HashCash focuses on the incorporation of higher technology such as Analytics, Big Data, Machine Learning, Artificial Intelligence, and IoT on blockchain to revolutionize traditional and indigenous practices.
What is the inspiration behind your business?
It was early 2011 when I first came across Bitcoin. Having experienced the depression of 2008 firsthand; the concept of crypto fascinated me. That was the reckoning that led me into the world of blockchain and cryptocurrency.
As I mentioned before, I’ve been through the depression of 2008 and finding a way to bypass such events has always been on my mind. A parallel or alternative way to distribute investments so they’re not affected by global ‘financial avalanche’ situations. The Bitcoin whitepaper intrigued me and I visualized infinite possibilities through it.
We often talk about the problems that blockchain technology can solve. The possibilities are endless. We propose solutions on blockchain networks that may resolve real-world problems.
Socially, decentralization is the alternative route towards equitable distribution of wealth. I believe in it. As an industry, it is a common goal to have investors envision the prospects to be derived from it, and common people learn of and embrace the alternative asset classes offered by the cryptocurrency.
What is your magic sauce?
I don’t believe in any recipe!
We are driven by innovation, market research, and ideation in all departments. I push for smart ideas and more ways to strike our targets.
I have a talented and highly motivated staff who are on the job, developing, and improvising. I guess, as a team, we are competent enough to top the charts!
What is the plan for the next 5 years? What do you want to achieve?
For the next five years, we work on the same lines as we did in the past few. We research, conceptualize and derive solutions.
Technology-wise we have plans to diversify. We intend to take on bigger projects involving the incorporation of Web 3.0 or higher as we go; incorporate advanced technologies in our solutions and hope to drive decentralized finance.
Also, we plan to go IPO later this year.
What is the biggest challenge you’ve faced so far?
The biggest challenge for me is to persuade my employees to accept a partial salary in cryptocurrency.
On a serious note, it has been a challenge to reach out to people and make them see a reason to graduate from their legacy systems into an upgraded blockchain-driven system. The system is capable of solving nearly all of the problems faced by the legacy systems, at the same time saving on time and energy. It’s hard to have the large industries move even after you’ve convinced them.
Suspicion and skepticism are the roadblocks in this sector alongside negative publicity arising from a lack of understanding or flawed notions.
The pandemic-driven challenges forced us to work remotely cutting out the physical bonding-over-work that we have always enjoyed.
How do people get involved/buy into your vision?
Having blurted out what I did in the earlier section, it is also true that it is fairly simple to get people to recognize our potential once they have read up and understood all that we stand for.
Learning and correct understanding is key to the opportunities hidden in this sector. There is still a huge crowd of people who are willing to experiment in the crypto market.
We primarily target institutional crypto investors to get crypto exchange architecture from us. We also wish to reach out to Forex broker firms to introduce the integrated technology encompassing both Forex and crypto on the same software. We offer a demo version of both on our sites.