1- Download paykey and activate the keyboard
2- Attach a bank or credit card account to paykey
3- Send money to anyone in $
4- This Money is used by buying gems ( so technically people are receiving gemz?)
If people are receiving gemz and they want to cashout this same amount of money, how to assure them they will be able to cashout the same value of $ they have received. I don't think it would be a problem if the market wouldn't fluctuate that much.
I am sure I got this wrong but by stating these I expect som1 to correct me on it.
Yeah you got it totally wrong. There is no bank connection for gems Paykey, just gems. Banks version the one they hope will make them a ton of money if for the banks and fiat...no Bitcoin, blockchain connection at all....in fact shouldn't even be discussed on here as its not crypto related.
Off topic...