ElectraPay is here — First pilot will begin january 2020
ElectraPay is here — First pilot will begin january 2020

The Electra Project Unveils Its Highly-Anticipated Flagship Product, ElectraPay — A Cryptocurrency Payment Gateway

Electra Foundation
Dec 30, 2019 · 3 min read

The start of a new year is always an exciting time, as it is a symbol of the renewal of life and the birth of new hope. As we head into the year 2020, there is much enthusiasm building within the Electra community, as it is time to reignite the true potential of Electra and show all that it is capable of doing. After many months and countless hours of diligent work, the Electra Project is pleased to announce that it is seeking merchants to beta test its flagship product, ElectraPay.

Cryptocurrency payments adoption

In the eleven years since the first blockchain cryptocurrency was introduced, there has been much speculation into its usage scenarios, as the majority are unaware of the revolutionary change that this new technology is set to bring about. With the release of ElectraPay, the world will finally get its first look at what Electra is capable of and witness its true potential. ElectraPay, and its complete financial management system, will allow merchants to easily adopt an alternative payment method that is not dependent upon payment service providers, banks, or credit card companies to complete transactions.

Additional features

In addition to being an alternative payment method, there are many unique features built into ElectraPay. Currently, this includes the capability to create payment rules such as fees and commissions, with plans to integrate additional features such as an affiliate management system. These unique features allow ElectraPay to stand out from typical financial management systems that lack these capabilities.

Woocommerce, Shopify and BigCommerce

During ElectraPay’s initial phase, all transactions will take place through a Woocommerce plugin. However, this will soon grow to include Shopify, BigCommerce, and other popular merchant software. Compared to the traditional payment competitors, ElectraPay is more than a plugin that sends cryptocurrency between wallets. It is a complete environment that essentially allows users to act as their own bank and maintain absolute authority while making such decisions as to whether to hold, exchange, or sell their Electras, all while respecting Anti-Money Laundering laws.

Since the entire Electra brand is built on its very own blockchain, it will allow for entirely new methods of completing transactions. ElectraPay enables consumers and merchants to utilize digital exchange methods through the use of tokens and QR codes. While the use of plugins will be the current method of application to accept Electra, negotiations are currently ongoing in regard to the integration of ElectraPay into the software of POS machines.

Participate in the pilot

If you are a merchant that likes to be at the forefront of new technology, this is your opportunity to be one of five participants to beta-test a product while witnessing the technology that is being set in place to change the way we live and do business.

Please send the following information to merchants@electraproject.org by January 10, 2020.

  • Contact and store details
  • Website URL
  • High-resolution logo (regular and inverted)

The Electra Project will announce the five merchants (up to five) chosen to participate in the pilot on all our social channels on January 15, 2020.

The Electra Team

Please visit and follow us on:

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch
Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore
Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade