Question 1

What is PalmPay v1 (PALMPV1)?

Accepted Answer

PalmPay v1 (PALMPV1) is a cryptocurrency designed to function as a payment method for online shopping and various e-commerce activities. Built on the Binance Smart Chain (BSC), it offers advantages such as reduced transaction costs and compatibility with Ethereum-based applications like MetaMask. PalmPay aims to provide users with a convenient, low-cost method for making everyday purchases while facilitating a range of payment methods, including cryptocurrencies and cash on delivery in certain regions.

Question 2

What is PalmPay v1 (PALMPV1) used for?

Accepted Answer

PalmPay v1 (PALMPV1) serves primarily as a digital currency for transactions on the PalmPay store, which is an online marketplace offering a variety of goods and services. Key features of the PalmPay store include:

- **Flexibility and Accessibility**: Users can shop at any time from anywhere globally.
- **Various Payment Methods**: Options include multiple cryptocurrencies and cash on delivery in Gulf countries.
- **Customer Reviews and Feedback**: Allows potential buyers to see customer evaluations and ratings of products and services.
- **After-Sales Service**: Ensures customer support for complaints and issues post-purchase, including mediation and enforcement of warranty clauses.
- **Cashback and Discounts**: Offers incentives like unlimited 5% cashback in crypto on purchases and free international shipping for orders over $500 paid with PALMPV1.

The platform also employs artificial intelligence to anticipate customer needs based on their purchasing history, suggesting products and services they might be interested in.

Question 3

Who created PalmPay v1 (PALMPV1)?

Accepted Answer

The PalmPay project is managed by a diverse team of professionals. Key figures include:

- **Ali N. Soueid**: Responsible for PalmPay.
- **Atiya Abo Jahel**: Arabic community manager.
- **Hezam Abdurahman**: Marketing manager on Telegram and Instagram.
- **Mohammad Salah**: Part of the marketing team.
- **Naji Al-Barjawi**: Arabic community manager.
- **Saleh Albasha**: Blockchain programmer and website designer.
- **Faisal Alsalme**: Project manager and direct relations officer with joint stock companies.
- **Alaa Alashram**: Founder of PalmPay and regional project officer.