Pallapay PALLA Price

Pallapay ($PALLA) is the native TRC-20 utility token of the Pallapay ecosystem, a cryptocurrency payment solution based in the United Arab Emirates, launched in 2015 to bridge digital currencies with traditional finance. Operating on the TRON blockchain, known for its high throughput and low transaction costs, $PALLA facilitates a suite of products designed to enable businesses and individuals to accept, process, and disburse cryptocurrency payments seamlessly. 

With a total supply of 2 billion tokens, $PALLA powers transactions across Pallapay’s offerings, including a decentralized wallet app supporting Bitcoin, Ethereum, and TRON networks for crypto-to-crypto, crypto-to-fiat, and fiat-to-crypto conversions, with options to transfer funds to global bank accounts or cash out at Pallapay branches. The Pallapay Crypto Payment Gateway allows e-commerce businesses to accept various cryptocurrencies, receiving either crypto or fiat based on preference, while the Crypto POS Machine enables retail stores to integrate crypto payments with similar flexibility. Pallapay also offers prepaid Crypto MasterCard and UnionPay cards, toppable with $PALLA, usable for everyday global expenses, enhancing practical adoption. The protocol is developing a cryptocurrency exchange to support trading against fiat and digital assets, accepting credit card payments and wire transfers.

$PALLA reduces transaction costs within the ecosystem and supports services like card issuance, with a focus on security through 3D Secure™ authentication and encrypted payment codes. Pallapay’s commitment to regulatory compliance in the UAE, including a Payment Service Provider registration, underscores its credibility. The platform’s end-to-end escrow solution ensures reliable, low-cost transactions, appealing to merchants seeking to modernize payment systems. Community-driven initiatives, like airdrops and partnerships with semi-government entities, aim to expand adoption, positioning $PALLA as a versatile tool for integrating crypto into mainstream commerce.

What is unique about Pallapay (PALLA)?

$PALLA uniquely powers a UAE-based payment ecosystem, enabling businesses to accept crypto via gateways and POS machines, with fiat conversion options, prepaid cards, and a developing exchange, all secured by TRON’s efficiency.

Who are the founders of Pallapay (PALLA)?

The founders of Pallapay are anonymous, developed under the Pallapay team with no specific individuals publicly named.

Who are the backers/investors of Pallapay (PALLA)?

The backers of Pallapay are not explicitly disclosed, relying on community-driven support and partnerships with semi-government entities in the UAE, with no named institutional investors.