Fintech Wave

globalremittance

by Ken Carabello

There are companies out there that offer a free payID when you sign up for their wallet service. And while “Free” is usually a good thing, what many people don't realize is, although the payID is free, it does not offer much flexibility. Contrast this with a PayID.cloud subscription, and you will see why you might want to buy PayID.cloud. The service allows you to make 2 payID's, that you can link to any XRP wallets you choose.

When you receive XRP at a wallet attached to a free payID, that wallet is not tied to and exchange. The free payID is tied exclusively to the wallet app. Therefore, should you wish to liquidate all or any portion of the XRP that you receive, you would first have to perform another crypto transaction by sending the XRP to a wallet that is on an exchange (ie. Coinbase, Kraken, or Uphold). Only then will you be able to liquidate. Free payID's are tied to their apps. These apps are NOT crypto exchanges. And they automatically link the payID to your account wallet. You have no choice.

https://www.youtube.com/watch?v=_mchn58NOmE

This is where the value of PayID.cloud shines. With a PayID.cloud subscription, you create your own payID's, and attach them to ANY XRP wallet you choose. This is especially helpful if you want the ability to liquidate your XRP receipts quickly and easily.

You simply create a payID that you link to an exchange-based XRP wallet, check it on payidvalidator.com to make sure you wallet address and destination Tag are correct, and then send a test transaction as a final verification measure.

Once you see the test transaction goes through, your payID is useable. And you never have to worry about an incorrect entry with the wallet address or destination tag. These factors have a huge impact on speed, agility, and mobility where transacting in crypto is concerned.

A free payID requires second crypto transaction in order to liquidate. That is a hassle at best. And it also creates an opportunity for you to make a mistake and lose your crypto. Whereas, a PayID.cloud allows you to attach the payID top an exchange-based wallet, and liquidate on the fly. That is something to seriously consider when you want to be paid cryptocurrency.

https://www.youtube.com/watch?v=bnVWy5lHruU&t=12s

If you want to be in control of the wallet to which your payID is attached, AND have the ability to liquidate smoothly in one step, PayID.cloud is the way to go!

https://www.youtube.com/watch?v=9nJBsI2ds7Y&t=1099s

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