What is PointPay?

PointPay is a cryptocurrency banking platform founded in 2018, operating from St. Vincent & the Grenadines, Estonia, and Lithuania. The platform reportedly serves over 1 million active users and is licensed to operate with digital assets through its Lithuanian subsidiary, UAB Point Pay EU. PointPay's ecosystem includes a blockchain-based bank, an exchange, a crypto wallet, and a payment system offering lending and interest-earning services on various digital assets.

The platform allows users to earn interest on funds in Checking or Savings accounts, with rates up to 8% APY, and provides opportunities to stake PXP tokens for potential returns of up to 20% annually. Additionally, PointPay features a crypto exchange with various interface options and a payment system supporting direct purchases of digital assets using fiat currencies. Users can apply for loans using cryptocurrencies as collateral, enabling quick access to funding without traditional credit checks.