Trade Reports

Paycer Combines DeFi and Crypto with Traditional Banking Services

The Paycer team has developed a cross-chain bridge protocol that combines DeFi and crypto services with traditional banking services to provide new user-friendly financial products and services on a simple platform.

Behind the Paycer idea is a legitimate German corporation with headquarters in Hamburg. Paycer’s primary goal is to operate the protocol and platform in a lawful and compliant manner with the authorities.

The Paycer protocol will allow for interchain operation and the aggregation of specific DeFi products from other blockchains and ecosystems.

The Paycer platform, which will aggregate the Paycer protocol with standard financial services such as a bank account and a debit card, will be built on top of the Paycer protocol. To get started, users only need to make a fiat money deposit on the Paycer platform; no interaction with cryptocurrencies or DeFi is required.

Paycer will then invest the funds in a variety of DeFi products, generating a high and consistent interest rate as a passive income.

The Problem Pacer is Solving

Nowadays, many people are losing money because they lack the knowledge or motivation to invest their money effectively. It wasn’t long ago that a bank could pay you 5% or more interest on your personal savings.

The times have changed, and a significant amount of money is now held in bank accounts that do not yield interest and may even incur additional penalties.

Most banks have started charging 0.5% penalty interest on deposits over 50k EUR in Germany. The investor receives no return on investment; they lose some of their money to inflation and must still pay a fee to the bank. Even still, only a small percentage of the population has invested in cryptocurrencies, and even fewer have invested in DeFi.

Cryptocurrencies are a reaction against fiat money, which central banks have the ability to print in endless quantities. This is precisely why Satoshi Nakamoto created Bitcoin immediately after the 2008 financial crisis.

It has been easier to enter the crypto market in recent years, but this has also resulted in circumstances where unskilled users can easily lose their money. The DeFi market is rapidly evolving and adapting, making it tough for unskilled consumers to break into it. Dealing with modern technologies is already a substantial challenge for the majority of people. Third-party support and an additional security layer are still required, particularly for beginner users.

Unique Features that Paycer Offers

The Paycer platform is a web application that provides a variety of functions and financial services to mainstream clients. It is largely a B2C platform. The Paycer protocol connects the Paycer platform to the DeFi and blockchain ecosystem by acting as a second blockchain-based backend. The Paycer platform connects the Paycer protocol to traditional financial systems, allowing traditional and decentralized banking to coexist.

The key operations, modules, and services of the Paycer platform are listed and explained in greater detail in the following sections.

Bank Account

The Paycer bank account will act as a bridge between traditional finance and DeFi for the user. Paycer’s bank account is fully functioning, much like the ones offered by banks. Once the person has completed the KYC process, the bank account will be created. To comply with legal obligations, this check is required.

Users will be able to send money to their Paycer bank account via a variety of methods, including a SEPA transfer. You can send all or part of your bank account balance to your Paycer wallet. To gain a faster market entry, Paycer will need to obtain a banking license from BaFin or form a relationship with a partner bank.

Paycer Wallet

Paycer will be a fully functional crypto wallet that adheres to ERC20 specifications. The Paycer wallet will be used to access a variety of blockchain-based financial services. A daily interest rate will be charged for funds moved from the Paycer bank account to the Paycer wallet. Because the storage of cryptocurrencies requires BaFin (German finance authority) clearance, the technical implementation could possibly include the usage of crypto custody companies.

In this situation, a specialist provider with an existing license would hold the crypto deposits or, more accurately, the private keys. Future implementations may allow clients to own a private key voluntarily, but this would transmit all risk to the client, which Paycer would not recommend. Paycer’s primary goal is to provide simple and safe crypto services to a wide range of users. More experienced users will also be able to interact with the Paycer ecosystem and services by using their own wallets.


Paycer’s platform offers a variety of loan options, all of which need cryptocurrency collateral to be deposited in the Paycer wallet. The user can then get a loan in whichever coin he wants. Only 50% of the value of the collateral can be borrowed. If the value of the submitted collateral drops dramatically, the borrower is notified and given a specified amount of time to increase his collateral.

Otherwise, the collateral may be liquidated in order to repay the debt. To lessen the risks, the collateral could be provided in stablecoins. The financing method will also contribute to Paycer’s profit margins.

Earn Interest

One of the most important features of the Paycer platform is the ability to earn interest as a sort of passive income. To create interest, users’ deposits are invested in a portfolio of selected DeFi products (strategies); as a result, only the funds placed in the Paycer wallet are used to generate and calculate interest. On a daily basis, interest is calculated and paid. Paycer invests solely in well-known products with a high total volume in order to ensure a safe and steady interest rate. A third-party on-ramp service provider will handle the conversion from money to cryptocurrency.

Easy DeFi

It can be challenging to invest in various DeFi products because there is so much to consider successfully. In some circumstances, it’s required to purchase unique cryptocurrencies and use extremely layered user interfaces. It’s also tough to maintain track of and invest in solid initiatives with the current influx of DeFi platforms. Paycer, as a result, offers a limited number of DeFi products on its platform, allowing consumers to invest directly with their Paycer wallet balance. Users who want to take on more risk and earn greater interest rates will be able to invest directly in individual DeFi goods.

DeFi as a Service

Paycer also provides yield farming services to other businesses and platforms as a B2B product. As a result, businesses can use Paycer B2B APIs to integrate Paycer services into their applications, mobile apps, and systems.

The Paycer Team

The Paycer team is made up of seasoned professionals with at least a senior level of expertise in a variety of industries, including entrepreneurship, architecture, legal, design, frontend, backend, and blockchain development. The members of the team have decades of combined expertise developing and delivering small, medium, and large-scale IT projects.

Their talented staff can create amazing DeFi and CeDeFi solutions. Anyone who creates DeFi applications is now operating in a regulatory grey area, which is why their crew is well-versed in legal matters. The Paycer team possesses the motivation, dedication, and skills required to make the Paycer project a success.

Richard Vo: Founder & CEO

Richard has over 17 years of experience as a full-stack developer. He has also worked as a freelance developer for an ICO and has been engaged with blockchain technology for numerous years. He started his own web development company in Hamburg, Germany, in 2020. He also has a lot of experience with smart contract creation and has been using DeFi solutions since the beginning.

Nils Gregersen: Founder & CTO

Nils had already managed a team of over 30 employees when he was 24 years old, and he had held this job for nearly 4 years. In business informatics, he has a bachelor’s and master’s degree. In addition, for his master’s thesis, he created a working prototype blockchain and has been involved in the crypto space since early 2017. He has spent the previous five years with IBM as a technical IT consultant and IT architect on projects for big clients. He’s also a certified AWS architect and a cloud computing expert.

Helge Ippensen: Co-founder & CRO

Helge completed his MBA in law and passed the state bar test in public law. He held various jobs at ABB and ThyssenKrupp before joining CeWe Color, a German digital photofinisher, as head of HR. He then moved into the public sector, where he focused on economic development and innovation strategies. He was also the CEO of UBI Consulters at the same time. In 2018, he launched HPI Consulting, a real estate consulting firm, and in 2020, he co-formed webrigade.

Project Roadmap

Many people have inquired what Paycer’s future holds, or at the very least, what the plan is. Here are some significant ideas and activities that are yet to take place.

Token Economics

The $PCR price is up by 10.40% in the last 24 hours, at the time of writing. The token currently ranks #9286. The maximum supply of $PCR token is 750,000,000.

Token Allocation

Token Distribution

The Paycer team is attempting to establish a large distribution of PCR tokens across many people in order to prevent whales from having a significant impact on the tokens’ price. The Paycer firm would be the one to issue the PCR tokens. The community and private investors will receive the majority of the PCR tokens.

Earn Other Tokens by Staking $PCR

For those who wish to earn high yields on their investments and diversify their portfolio at the same time, UniFarm is the best bet in all forms.

There are several examples of users who’ve earned staggering returns by investing small in UniFarm.

What you need to do?

For the tokens you’ve purchased using a decentralized exchange, you need to transfer those tokens to your MetaMask wallet and stake those tokens in UniFarm.

You will earn a minimum of 36% APY which can go up to 250% APY maximum, which is a win-win for investors.

You can follow this How to Stake guide to learn the staking process.

UniFarm is a one-of-a-kind staking solution where the best projects in DeFi space come together to provide value to investors. UniFarm allows you to stake one token but earn multiple high-value tokens, so in addition to a great APY, your returns are automatically diversified as well.

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